HSBC re-hires Mehrotra from Credit Suisse
HSBC Private Bank has recruited back Abhishek Mehrotra from rival Credit Suisse, appointing him desk head for Asia, based in Hong Kong.
Mehrotra had worked a long stint at HSBC before moving to Credit Suisse as team leader in the Philippine market for private banking in August 2015 as reported. However, he only stayed with the Swiss bank for a year, leaving in July this year.
HSBC confirmed that Mehrotra has rejoined the bank but declined further comment. Credit Suisse declined to comment.
Before Credit Suisse, Mehrotra was director for relationship management at HSBC Private Bank in Hong Kong, covering Southeast Asian markets from 2010 to 2015.
Previous to that, he was vice-president for commercial banking at HSBC Philippines for two years, and before that assistant vice-president at HSBC India.
Hong Kong financial group appoints new CEO
Convoy Financial Group has appointed Daniel Chong as group CEO, effective this month.
The Hong Kong-based financial company created the new role to oversee its expanded business, which now comprises independent financial advisory, asset management, money lending and overseas property consulting.
Chong has a long track record in business management including in the retail, gaming and financial industries.
He was formerly the CEO of department store chain YATA in Hong Kong. Before this he worked at the Hong Kong Jockey Club and was a co-founder of PrimeCredit, a private financial institution that provides personal loans in Hong Kong.
Chong holds a Bachelor’s Degree in Business Administration from the Chinese University of Hong Kong.
Deutsche hires Moreau to replace Price
Deutsche Bank has appointed former Axa France chairman and CEO Nicolas Moreau as head of asset management after the departure of Quintin Price in June.
Moreau, based in London, will also represent the asset management division on Deutsche's management board when he takes up his duties on October 1.
Price, who joined Deutsche in October 2015 after serving as head of alpha strategies at Blackrock, had gone on medical leave in April and left the company on June 15 to focus on his health.
Moreau spent 25 years at Axa, including a five-year stint as head of Axa Investment Managers from 2002. He took over as head of UK and Ireland in 2007 and led Axa France from 2010 until he stood down on June 30. Jacques de Peretti was named as his replacement, effective July 1.
MAS names industry leaders to tech advisory panel
The Monetary Authority of Singapore (MAS) has set up an International Technology Advisory Panel (ITAP) to advise it on international developments in fintech.
The ITAP comprises chief innovation and science officers in major financial institutions, fintech business leaders, venture capitalists, and thought leaders in technology and innovation.
- Kurt Vom Scheidt, global head for FX at Saxo Bank
- Michael Stumm, co-founder of Oanda
- Pieter Franken, chief technology officer at Monex Securities
- Murli Buluswar, chief science officer at AIG
- David Ku, CEO at WeBank of Tencent Holdings
- Andreas Braun, head of global data and analytics at Allianz
- Matthias Kroner, CEO at Fidor Bank
- Robert Wardrop, executive director at Cambridge Centre for Alternative Finance
- Vikram Pandit, chairman and CEO at Orogen Group
- Sabine Vanderlinden, managing director at Startupbootcamp, Insurtech
- Sassan Danesh, CEO at ETrading Software
- Tim Grant, managing director at R3
- Daniel Gallancy, CEO at SolidX
- David Gurle, CEO at Symphony
- Blythe Masters, CEO at Digital Asset Holding
eVestment hires Moody's Yin for VP role
Institutional data and analytics provider eVestment appointed Lawrence Yin as vice-president of business development in late July, responsible for client servicing in the region. Based in Hong Kong, Yin reports to Hans Jiang, the firm’s head of Asian operations.
eVestment notes global institutional investors and their consultants have an increasing interest in working with Asian asset managers, and thus more managers are willing to provide data so that they can be found in the data pool. The firm said it intends to use this newly-created role to help expand its business in the region. It could not confirm by press time under whose remit business development fell previously.
Yin had been an assistant vice-president of business development with Moody’s Investors Service in Hong Kong since November 2014. Prior to that, he worked at Macquarie Group in several roles between 2008 to 2014, including acting as a business analyst in Hong Kong, an operations manager in Singapore and a business analyst in Sydney office.
SocGen appoints Japan head of prime services
Societe Generale has appointed Ramir Cimafranca as head of prime services in Japan, in addition to his duties as Asia Pacific head of institutional sales for prime services.
Cimafranca relocated to Tokyo from Hong Kong in July to assume the newly-created role for Japan. Cimafranca reports locally to Koji Shimamoto, director and executive vice president at Societe Generale Securities Japan, and regionally to James Shekerdemian, head of prime services for Asia Pacific and global head of prime brokerage sales. Cimafranca, who had held the Asia-Pacific role since 2015, will now develop prime services in Japan. Shekerdemian had previously overseen the Japan prime services team.
Prime services consists of prime brokerage and clearing, global execution services and cross-asset secured financing. Societe Generale offered prime services to Japanese clients via its Hong Kong-based Asia Pacific team, before its integration of brokerage firm Newedge in May 2014. Newedge provided prime servicing in Japan, and Societe Generale completed the integration of this business in May, before appointing Cimafranca to take over the business.
Cimafranca has a career of over 26 years in derivatives and cash equities. He took on a regional role as the head of institutional sales for Newedge in Hong Kong in 2010, which was integrated into Societe Generale in 2015.
He started his career in 1990 as a broker for Japanese Government Bond and Euroyen futures and options. In 1998, he joined Fimat as a sales manager for index derivatives and cash equities. In 2008, he assumed the role as head of the listed derivatives when Fimat merged into Newedge Japan Securities.
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