Swiss private banks Bordier & Cie and Julius Baer are each seeing a head product selector leave Singapore to take up other positions in their respective firms.
Jimmy Ng, Bordier’s director of investments for Asia, will return to the US after four-and-a-half years in the Lion City, AsianInvestor can reveal.
Meanwhile, Julius Baer said on Thursday that Luigi Vignola, Asia head of markets and advisory solutions, would become global head of structured products on February 1.
Neither man's successor has been named as yet.
Ng left Bordier Singapore on November 1 and is moving back to New York for personal reasons. He told AsianInvestor he would take a sabbatical before rejoining GreenLake Capital, Bordier's New York-based hedge fund due diligence firm as a senior member of the investment team, next year.
Set up in 1999, GreenLake draws up the private bank's global hedge fund list. It also manages hedge fund-of-fund portfolios for Bordier's clients.
Ng’s replacement in Singapore will be announced next year, said a spokesperson.
Having joined Bordier in Singapore in June 2012, Ng was responsible for discretionary asset management activities, specifically determining investment positioning across macro strategies, client asset allocation, equities, traditional funds and hedge funds.
Before moving to Singapore, he was a senior analyst with the bank’s hedge fund team in New York from 2007 to 2012. Ng has also managed two specialty funds of hedge funds and reviewed over 500 fund managers to date.
Meanwhile, Vignola (pictured left) will succeed Philipp Rickenbacher at Julius Baer, who was in charge of the bank's structured products for almost seven years. Rickenbacher was appointed as head of advisory solutions on August 1 this year.
During the first few months of his new mandate, Luigi Vignola will operate out of Singapore and focus on the integration of the Asia structured products offering into the global business, before relocating to Switzerland by mid-2017. In his new role he will continue to report to Peter Gerlach, head of markets.
Senior appointments in Asia will be communicated in due course, said Julius Baer in a statement.
Vignola joined Julius Baer in 2009 as head of tailored solutions in the structured products division, before in January 2012 becoming Asia head of markets. He assumed the regional head gatekeeper role in November 2014, taking over from Kenneth Ho, who moved into a strategic projects role before leaving the bank to build an Asia multi-family office business for US-based Carret Asset Management.