Clariden Leu boosts Indian subcontinent and NRI coverage
Swiss private bank Clariden Leu has added two to its Asian non-resident Indian (NRI) team.
Mohit Gupta becomes senior vice president and senior relationship manager for the Indian subcontinent and Asian NRI business. As the first member of the team in Hong Kong, he is in charge of client acquisition and managing clients throughout the region and will make further hires in the territory.
Gupta was previously with ING Financial Planning in Hong Kong and has 20 years of experience in wealth management. ING FP did not confirm by press time whether he has been or will be replaced.
Sadaf Behbahany has joined Clariden Leu as vice president and relationship manager for the Indian subcontinent and Asian NRI business, bringing the Singapore team up to six.
Behbahany previously worked at Standard Chartered for six years, most recently as senior associate director at Standard Chartered Private Bank in Singapore, and left the bank in late June. The firm declined to comment on whether she has been or would be replaced.
Gupta and Behbahany joined in early October and both report to Varun Chugh, head of Indian subcontinent and NRI Asia.
Pictet AM hires VP of business development from BNPP IP
Swiss firm Pictet Asset Management has appointed Laurence Lo as vice president of business development for Asia Pacific, with effect from 3 October. He replaces Grace Lee, who is leaving the firm.
Reporting to Lawrence Tse, Asia-Pacific head of distribution, Lo is responsible for developing retail fund distribution in Hong Kong and Macau.
He has over 10 years' experience in the mutual-funds industry. Before joining Pictet AM, he was senior manager for distribution at BNP Paribas Investment Partners since 2007. He has also held various business development related positions at JP Morgan Asset Management, DBS and Standard Chartered.
Lo left BNPP IP in early October, and the firm is in the process of filling the vacancy.
Sanford C Bernstein boosts Asia research team
Sanford C Bernstein continues to boost its research team in Asia with the transfer of senior analyst Andrew Wood to Singapore from New York.
The move brings the analyst team in Asia up to seven, and this number will increase to around 12 in 2012.
Wood covers European food and household & personal care and has spent the past 10 years at Sanford C Bernstein in New York researching stocks in those segments.
Robert van Brugge, global director of research at Sanford C Bernstein, says: “The Asia-Pacific region is extremely important to us and we are investing heavily to bring our research closer to these important markets and to the investment community.
"The companies which Andrew covers are heavily involved in these emerging markets, and our clients in Asia are interested in European companies," he adds, "so Andrew’s relocation to Singapore makes a lot of sense.”
Before joining Sanford C Bernstein, he worked at Nabisco International as the managing director of its Iberia business unit, and as regional CFO of the Emea region. Prior to Nabisco, he worked at Pepsi Cola International and before that consulting firm Price Waterhouse.
Omgeo appoints Nellie Dagdag as senior salesperson
Omgeo, a post-trade processing solutions provider, has hired Cornelia ‘Nellie’ Dagdag in the newly created role of executive director for sales and solution delivery for Asia Pacific. Some of her responsibilities were covered by other people and some are new, says a spokeswoman.
Based in Manila, Dagdag will seek to expand Omgeo’s community of investment managers, broker/dealers and banks in the region. She reports to Tim Keady, managing director for sales and solution delivery.
She was previously president and COO of the Philippine Securities Settlement Corporation, the clearing and settlement entity for the country’s currency and fixed-income markets. Before that, she was president and CEO at the Philippine Central Depository.
Other moves reported by AsianInvestor this week: