Weekly roundup of people news, Mar 24
HSBC names global head of HNW sales
HSBC appointed Colin Jelley last month as global head of high-net-worth sales in addition to his role as global head of wealth consulting. He relocates to Hong Kong from London for the position.
Jelley has been global head of wealth consulting since July 2015 and will now also look after sales and distribution activities for HNW clients, following the launch of the Jade offering late last year as part of the bank's Premier service.
HNW client coverage comes under the remit of Jonathan Nabrotzky, global head of sales and distribution for group wealth management, and his team. Jelley reports to Nabrotzky.
Before joining HSBC he ran Landmark Financial Solutions, a tax and financial planning consultancy that he founded in London in 2014, according to media reports.
He has also worked as head of wealth planning at Old Mutual Wealth, then known as Skandia, and as a private client director at St. James’s Place Wealth Management, according to his LinkedIn page.
BlackRock's head of Asia-Pacific real estate research to depart
Michael Klibaner, head of Asia-Pacific real estate research, will be leaving BlackRock to pursue other opportunities, and his last day at the US asset manager will be June 30, a spokeswoman confirmed in an email. The firm plans to replace him.
He joined BlackRock in March 2015 and before that spent seven-and-a-half years at property services firm Jones Lang LaSalle, most recently as Greater China head of research, according to his LinkedIn page.
Franklin Templeton promotes PMs in EM team
Franklin Templeton Investments is making portfolio manager appointments in the Templeton Emerging Markets Group (TEMG), effective April 3. This is part of changes to the team following Mark Mobius, TEMG chief investment officer, stepping away from day-to-day operations a year ago.
As Mobius will be no longer be listed as a portfolio manager on most of the TEMG funds, several directors will become lead PMs or sole lead PMs for their respective strategies, including the following:
- Eddie Chow, Hong Kong-based director of China strategy, will become lead on the strategy.
- Chetan Sehgal, Singapore-based director of global EM and small-cap strategies, will be named lead PM on these strategies.
- Carlos Hardenberg, London-based director of frontier market strategy (FMS), will become sole lead portfolio manager on FMSs for non-US-registered funds. He will also be added as co-lead or portfolio manager on various global EM strategies and as lead portfolio manager on the Africa strategy.
Several individuals will be added as listed PMs on various funds:
- Hong Kong-based Eric Mok will become a PM on pan-Asian strategies, with Allan Lam remaining as lead PM.
- Ahmed Awny and David Haglund, both based in Dubai, will be added to the frontier strategy, with Hardenberg as lead PM.
Based in Singapore, Mobius will remain as executive chairman of TEMG, and will continue to be involved in the TEMG investment process.
Stephen Dover, San Mateo-based chief investment officer at Franklin Local Asset Management, took over Mobius’s role in April last year.
BNPP WM makes senior changes in Singapore
BNP Paribas Wealth Management has made changes to two senior roles in Singapore.
Ernest Leung, Singapore chief executive and Asia-Pacific chief operating officer, has been named head of core clients for Asia Pacific, based in Hong Kong.
Ricardo Sanchez-Moreno, formerly market head for Singapore, Malaysia and Indonesia, now oversees the Singapore business as head of wealth management for Southeast Asia.
Leung had taken on the Singapore CEO role in 2015 in addition to his regional COO responsibilities.
BNPP WM did not respond to queries about who had overseen core clients for Asia Pacific before Leung, nor on whether anyone else would be taking on Sanchez-Moreno’s market head responsiblities.
Beijing-based asset manager changes chairman
The former chairman of Beijing-based China Post and Capital Fund Management, Wu Tao, left the firm on March 16 for personal reasons, said the asset manager in a statement.
Chief executive Zhou Ke has assumed the chairman role in addition to his current post. He is also the chairman of Everbright Prestige Capital Asset Management.
PSPF names new supervisory board chairman
Taiwan’s Public Service Pension Fund (PSPF) appointed a new chairman for its supervisory board (PSPFSB) on March 1.
Lee Yi-yang is the new vice president of Taiwan’s Examination Yuan, which is in charge of validating the qualification of civil servants. According to the local law, the person named to this role also assumes chairmanship of the PSPFSB.
PSPFSB was set up under the Examination Yuan to review, supervise, and evaluate the operations of the NT$545.5 billion ($18 billion) PSPF.
Lee succeeds Lee Jih-shyuan, secretary general of the Examination Yuan, as PSPFSB chairman. Lee Jih-shyuan was appointed acting chairman of PSPFSB on January 1, taking over from Gao Yuang-kuang, who resigned as vice president of the Examination Yuan in December.
Lee Yi-yang was previously minister of civil service protection and training commission at the Examination Yuan until last month, a role now taken by Kuo Fong-yu, who was minister of labour. He has been succeeded by Lin Mei-chu, previously a minister without portfolio.
PSPF has two boards; the other one is the management board, which oversees the management and deployment of the fund.
Other people news reported on AsianInvestor in the past week:
AMP Capital shuffles team, seeks acquisitions
Peter Ryan-Kane leaves Willis Towers Watson
Multi-asset push in Asia drives soaring salaries