HSBC GAM VETERAN RELOCATES TO SINGAPORE FROM HK
Sanjiv Duggal, head of Asia Pacific and Indian equities at HSBC Global Asset Management, has relocated to Singapore, AsianInvestor understands.
There has been no change in his role or job responsibilities.
Duggal has been with HSBC GAM since April 1996 and is a long-standing investment veteran within the group.
His various roles at the asset manager include running active relative funds and a long-short fund, according to his LinkedIn profile.
He has also managed portfolios and analysing stocks in emerging Indian, ASEAN and APAC markets.
LEGALSUPER COO DEPARTS AMID LEADERSHIP CHANGES
Trevin Erichsen, chief operating officer of Australian superannuation fund legalsuper left his position on August 16 as part of a restructuring of leadership under the new chief executive, Luke Symons.
Erichsen joined legalsuper less than a year ago as interim CEO after Andrew Proebstl's departure following nearly two decades with the fund.
He was also acting CEO for seven months before assuming the role of chief operating officer in September 2022.
In a LinkedIn post, Erichsen said he planned to take a short break to reflect on the last 12 months and explore his next steps.
Prior to his time at legalsuper, Erichsen held the position of head of operations at the Australian Retirement Trust, and he spent over 14 years at Sunsuper, ultimately serving as the executive general manager of customer engagement.
The super fund has already enlisted the help of global executive search company, Odgers Berndtson, to recruit for Erichsen’s replacement.
VANGUARD SUPER NAMES HEAD OF STRATEGY
Matthew Dempster has been named head of strategy at Vanguard Australia, with effect from August 15.
He will collaborate with the executive team to develop strategies and make decisions that will benefit clients and members.
He will continue to be based in Melbourne.
It's not clear if there was anyone in Dempster's role before his appointment.
Prior to joining Vanguard, Dempster worked as a business development manager at North, AXA Australia for four years.
Dempster’s appointment is part of Vanguard's recent efforts to enhance their value proposition in Australia.
The fund manager in May restructured its retail unit by merging the superannuation and non-superannuation businesses.
HKEX APPOINTS SENIOR IT EXECUTIVES
Hong Kong Exchanges and Clearing (HKEX) appointed John Hsu as managing director and group chief technology officer.
He will join the group on September 29 and become a member of the management committee.
He succeeds Richard Leung, who will become group chief information officer.
Reporting to Leung, Hsu will head the group’s IT infrastructure, operations, development and support functions in Hong Kong, as well as HKEX’s innovation and data lab and its mainland technology centre.
Meanwhile, Leung, the new group chief information officer, will continue to have oversight of the group’s technology strategy and functions, and will also focus on a number of key strategic group-wide projects.
He will continue to report to HKEX chief executive officer, Nicolas Aguzin.
Hsu joins HKEX from HSBC, where he was chief information officer Asia Pacific since May 2019. Prior to this, he held senior roles at Huawei Technologies, SF Express and Deloitte.
Leung joined HKEX in 2011 as co-head of information technology and became group chief technology officer in 2019.
LINKLATERS HIRES FORMER SFC MEMBER IN HONG KONG
Law firm Linklaters has appointed former Hong Kong Securities and Futures Commission (SFC) member Roger Cheng as a partner in its Hong Kong corporate practice.
Cheng started on August 21 after spending four-and-a-half years at the SFC as a senior director. He was also head of the commission’s takeovers team.
Before joining the SFC in 2018, he was a corporate partner at law firm Slaughter and May, where he spent 13 years.
Linklaters did not reply to AsianInvestor’s request for comment on whom Cheng is replacing at the firm or whether this is a new role.
LIONER NAMES HEAD FOR NEW BEIJING OFFICE
Advisory firm Lioner International Group named Lucy Lu managing director and responsible officer at its new Beijing office, starting August 1.
The firm opened its new Beijing office on August 23. Lu has been involved in the preparations for the Beijing office since the beginning of this year, the firm told AsianInvestor.
She will lead the firm’s business development efforts in Beijing, connecting with clients across mainland China to access insurance, trust, and family office advisory services.
Lu holds nearly 15 years of experience in the financial services field, serving HNWIs and listed companies.
Before joining Lioner, she was business manager at Sino-US United MetLife Insurance Company (MetLife), building and managing sales teams.
JUNGLE VENTURES ADDS HEALTHCARE TEAM
Jungle Ventures, a Singapore-based venture capital firm, has added HealthXCapital’s team to lead the firm’s healthcare investments in Southeast Asia and India.
Seemant Jauhari, managing partner of HealthXCapital, will join Jungle Ventures as partner, healthcare.
Jimit Patel from HealthXCapital will also join as senior associate, healthcare.
HealthXCapital is a Singapore-based early-stage venture fund investing exclusively in healthcare startups. It has fully deployed its first fund and will no longer make any further investments, a spokeperson for Jungle Ventures said.
ASIC GETS THREE NEW COMMISSIONERS
Australia’s federal treasurer Jim Chalmers has announced three new commissioners to lead the Australian Securities and Investments Commission (ASIC) for the next five years.
They are set to replace Danielle Press, Sean Hughes, and Karen Chester, who conclude their terms soon.
The newly appointed commissioners are Alan Kirkland, CEO of CHOICE; Simone Constant, chief risk officer for institutional bank and markets at Commonwealth Bank; and Katherine O'Rourke, the first assistant secretary at Treasury.
O'Rourke has previous experience working at ASIC from 2003 to 2017, where she worked on various areas such as fundraising, mergers and acquisitions, corporate governance, and regulatory policy.
In her time at Treasury, she held leadership positions overseeing data and digital economic reforms, small business policy, and regulatory frameworks for market conduct. O'Rourke's appointment will be effective from September 11.
Kirkland has been at the helm of CHOICE for more than 11 years. During his tenure, he collaborated closely with the corporate regulator as a member of the ASIC Consultative Panel.
Constant has extensive experience in banking.
She joined CBA almost three years ago after holding a similar position at NAB.
Prior to her banking roles, she held leadership positions at the NSW Treasury.