Continuing the aggressive build-up by Swiss private banks in Asia, Clariden Leu has added four senior executives in Hong Kong and three relationship managers in Singapore.
Matthew Man and Christy Cheung join this month as senior investment adviser and head of business and operational risk management, respectively. Man was previously an investment adviser at Deutsche Bank Private Wealth Management. Cheung had been on the operational risk team at HSBC since 2008 and has also worked for Credit Lyonnais Securities, RBS Coutts, Hong Kong Exchanges & Clearing and Deloitte Touche.
These appointments follow two other senior hires in Hong Kong, as reported last month by AsianInvestor. Shirley Yap arrived in April as head of wealth-management solutions, and Helen Li in February as senior vice-president of wealth-management solutions, reporting to Yap. They will work with relationship managers to provide clients with wealth-planning solutions for their personal, estate and succession planning needs.
Yap and Li were most recently on the wealth planning team at Deutsche Bank PWM, where they were replaced in April by Teddy Chu and Andrew Chan. Prior to that, Yap had held positions at Prudential Bache Securities and Citi, and Li at Matheson Trust.
Man and Yap report to Andrea Carl, Singapore-based Asia head of product and services. Cheung reports to Angeline Kiang, head of business and operational risk management, also based in Singapore.
All the Hong Kong hires are to newly created roles; their responsibilities were previously covered out of the Singapore office. They join a number of other former Deutsche Bank PWM staff including Jimmy Lee, Clariden Leu's Asia chief executive in Singapore, and Soon Gek Chew, Janice Lee and Chin Lit Yee, a trio who joined in the Lion City late last year.
Clariden Leu also recently appointed three more Singapore-based relationship managers, each with 20 years' experience in Southeast Asia. Alex Lau and Sundar Ramani joined from HSBC Private Bank, while Nikita Rossinsky was previously with Société Générale.
Other boutique Swiss firms have also brought in experienced talent in Asia in the past few months, often from large international firms. Julius Baer made 11 recent hires, such as Vincent Lim from Société Générale Private Banking and Evelyn Yeo, a former employee of Deutsche Bank PWM.