Asia Pacific's family offices are a nimble bunch and never more so than when it comes to ESG where they're already proving to be ahead of the regulators.
Under the leadership of Barend Janssens as head of Fortis Private Banking Asia-Pacific, the members of the new management team, who will start on January 1, will comprise the following: Hans Diederen, regional head of Greater China; Lee Chang Tze, regional head of Southeast Asia; Hassan el Nahas, regional head of the Middle East (effective April 1, 2009); Marc de Natris, head of brokerage management; Solange Rouschop, head of products and solutions; Seah Li Li, chief credit officer; Samir Dewan, chief administrative officer; and Peeter Chris æt Hart, head of marketing and sales.
ôWe have an excellent line-up of talent with a great depth of expertise who aim to provide outstanding service to our clients," says Janssens. "I am confident that this team will drive and realise the ambition and potential of the future combined private bank.ö
The bank, in a tongue-and-cheek view of its new line-up, noted that they have collectively accumulated more than 150 years of experience in leading markets such as Hong Kong, Singapore, Dubai, New York, London and Amsterdam.
After the integration is completed, Fortis in Asia will have 860 employees across five countries dedicated to private banking and managing a total of $30 billion of client assets and liabilities.
The integration of the businesses in Singapore, Hong Kong and China is expected to be completed by January 2009, Taiwan at the end of the first quarter of 2009 and the United Arab Emirates at the end of second quarter of 2009.
The integration and above appointments are subject to regulatory approval.
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