Posted inPeople Moves

Deutsche Bank appoints new Asia Pacific CIO

Value Partners and HSBC Singapore also make senior hires.
Stefanie Holtze-Jen, Deutsche Bank International Private Bank

Deutsche Bank (International Private Bank (IPB) today announced the appointment of Stefanie Holtze-Jen as chief investment officer, Asia Pacific.

Based in Singapore, she reports to Christian Nolting, global chief investment officer, and Rajesh Mahadevan, head capital markets and CIO & investment solutions, Apac, Deutsche Bank IPB.

Holtze-Jen, who has 22 years of industry experience, was most recently global chief currency strategist, portfolio manager, at asset manager DWS, where she coordinated a team to guide the portfolio managers on strategy in foreign-exchange exposure covering the macro view, positioning and technical analysis.

In her new role, she is responsible for the development for the Asian part of the house view of Deutsche Bank IPB. Prior to DWS, Holtze-Jen held different leadership roles at Commerzbank AG and Royal Bank of Canada in Hong Kong, Singapore and London. 

Holtze-Jen is a member of the Singapore Foreign Exchange Committee under the Monetary Authority of Singapore. She was nominated and is serving as Co-Vice Chair of the Global Foreign Exchange Committee for a two-year term.

Value Partners hires marketing and comms head

Meanwhile, Value Partners Group has announced the appointment of Ellen Tsang as managing director, head of marketing and communications, effective 21 February.

Tsang is responsible for the overall marketing and communications function of the group. She will take charge of the Group’s branding, marketing, corporate communications and investor relations. Tsang is based in Hong Kong, and she reports to the group’s president, June Wong.

“[Tsang] possesses extensive experience across marketing, corporate communications, strategic planning, proposition design and development from both within asset management and financial services groups,” said Wong, in a statement.

Tsang was previously head of marketing for Asia ex-Japan at State Street Global Advisors. With 20 years of marketing experience, she has held leadership roles in the marketing and corporate communications functions of various asset managers, including abrdn, Amundi and Pictet. Before that, she also served fund distributors, including BCT Group and YF Life (formerly known as MassMutual).

HSBC taps JP Morgan

In another move, HSBC Bank (Singapore) has appointed Tancy Tan as its chief operating officer, effective from 21 February, the bank said in a press release.

She will report to HSBC Singapore’s chief executive Wong Kee Joo on an entity level, and to David Grimme, HSBC Asia-Pacific chief operating officer, on a functional basis.

Prior to her appointment, Tan spent 15 years at JP Morgan Chase, where she was most recently the global head for its centre of excellence for intelligent automation, asset and wealth management, leading the insertion of artificial intelligence and analytics into the company’s operations.

She previously held other leadership roles in Singapore, where she was responsible for product rollouts, managed clients, built client platforms and post-merger integrations and developed digitisation strategies, the news release stated.

Part of the Mark Allen Group.