Research consultancy Greenwich Associates has seen its Asia ex-Japan managing director depart recently, but has added to its headcount on a net basis in recent months.
Markus Ohlig moved on late last year after 11 years with the firm – the last six of which he was based in Singapore – and is thought to be considering several options.
Abhi Shroff, who leads coverage of asset management in Asia and has been with Greenwich since September 2007, has been promoted from principal to managing director for the region.
In addition, Gaurav Aurora will start this month as vice-principal for banking and capital markets and asset management, covering Asia-Pacific ex-Japan. He was at Deloitte Consulting in Singapore until January, covering strategy and operations for banks.
Another recent hire is Susan Quah, who came on board in February as director of research operations for Asia-Pacific ex-Japan. She replaces a temporary member of staff and was previously operations director at market research firm Ipsos in Singapore for 10 years.
Greenwich had also hired Paul Tan in August as a principal and head of banking and capital markets for Asia Pacific, the coverage area previously led by Ohlig. Tan had been with consultancy Oliver Wyman in Singapore for eight years.
Greenwich has also added two analysts in the past six months. Manika Goyal joined in March in Singapore from RBC in Canada, and Samantha Ong started late last year. They support Yukina Sumida, who has been with the firm for three years.
The company now has 11 staff in Singapore and two in Hong Kong, meaning headcount has almost trebled since 2010, when there were four in the Lion City and none in Hong Kong.
The two Hong Kong-based executives coordinate research in North Asia, reporting to Quah, and have been with Greenwich since 2011.