Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
Here is a digest of significant wealth and asset management appointments, promotions and departures during the previous month.

Amundi promotes Alessia Berardi
Berardi will be responsible for global macroeconomics at the French asset manager.
William Blair IM opens new trading desk in Singapore
The firm has also hired Steven McCole as the senior trader.
Deutsche Private Bank hires North Asia investment manager
Stephen Yeung joins from UBS.
Harvest Global Investments reshuffles C-suite
Charlie Chen has been promoted to chief executive officer of Harvest Global Investments.
Bank of Singapore names new CFO
Collins Chin joins from OCBC, the parent of Bank of Singapore.
Fiera Capital hires Japanese private markets specialist
The appointment follows the opening of Fiera Capital Asia’s Tokyo office in October 2025.
HSBC Private Bank strengthens team across Asia
The appointments have an emphasis on offshore China and global India coverage.
Wellington Management appoints secondaries head
Alex Behm has been hired as head of secondaries for the venture growth evergreen platform.
BOS taps UBS for head of investment advisory
Claude Harbonn has joined Bank of Singapore.
Federated Hermes adds to Apac sales team in Japan
Ryan Christianson joins the asset manager from Columbia Threadneedle.
HSBC appoints Valentín Valderrábano as IWPB chief commercial officer
Valderrábano will relocate from New York to Hong Kong and report to Barry O’Byrne, chief executive officer, IWPB.
Leadership transition at Siam Commercial Bank
The CEO Kris Chantanotoke completes his term in July.
UBS GWM hires Carl Ashton for its Australia team
Ashton has joined from Citi and is based in Singapore.
StateSquare Capital hires Jonathan Ma to lead European business
The Singapore-headquartered private equity firm is building its European business.
Cheo was previously regional CIO for SE Asia and India at HSBC GPB&W.
Neuberger Berman hires ex-Schroders EM value duo
Juan Torres and Vera German join the firm’s London office, while Conrad Saldanha exits.
Standard Chartered hires former UBS GWM and JPMAM strategists
Sundeep Gantori and Jonathan Liang join as the bank pursues the growth of its affluent business.
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
Structurally, private investments are less exposed to the sentiment swings of public indices, says Schroders Capital CIO Nils Rode.
The Pantheon Global Infrastructure Secondaries fund will be domiciled in Luxembourg.