Indosuez Wealth Management, the global wealth management arm of French Crédit Agricole Group, said it has appointed Shirley Lau as head of structured products in Asia.
Hong Kong-based Lau, who started in the position in September, leads the structured product teams in Hong Kong and Singapore, the bank said in a statmeent.
She is responsible for expanding the firm’s structured products and OTC derivatives platform in different asset classes. Her responsibilities also include product development for clients.
The role is previously held by Ni Yan, who has been relocated to Geneva within Indosuez WM, according to the firm’s spokesman.
Commenting on Lau’s appointment in the statement, Antoine Candiotti, chief executive officer for the Hong Kong branch, said demand for structured products increases as the level of sophistication among clients in Asia rises.
Candiotti said Lau’s appointment is an integral part of the private bank’s growth strategy for 2020.
Lau has 20 years of experience in private and investment banking, according to the statement.
Prior to the appointment, she was head of special products at ABN Amro Private Banking.
She also held management roles for equity derivatives at Natixis and BBVA.
She reports locally to Arjan de Boer, head of markets, investments and structuring in Asia. Functionally, she reports to Sylveline Besson, Geneva-based global head of structured products and OTC derivatives.
The appointment follows the firm’s Asia acquisition. In December last year, it bought Crédit Industriel et Commercia’s private banking operations in Singapore and Hong Kong.
Last month, the bank also added a head of real estate for Asia, Justin Lau, who joined from Maybank. He looks at direct real estate investment covering the Southeast Asia and North Asia markets.
In October 2017, just before the acquisition, it hired three senior relationship managers and a product specialist in the region. At the time, the firm said it had 220 relationship managers across Hong Kong and Singapore.
