JULIUS BAER APPOINTS TAIWAN HEAD
Julius Baer has appointed Chew Mun-Yew as market head for Taiwan, a newly created role.
Based in Singapore, Chew will be responsible for growing and strengthening the Bank’s franchise in Taiwan. He will report to David Shick, head of private banking for Greater China.
Chew joined the private bank from rival UBS Wealth Management, where he was most recently Taiwan country head.
He has also worked for Carlyle Asia, and prior to his private sector career he worked with the Monetary Authority of Singapore as a senior banking and insurance regulator for more than five years.
UBS did not respond to queries from AsianInvestor by press time.
UBS HIRES ASIA WEALTH MANAGEMENT COO
Wiwi Gutmannsbauer has been appointed operating head of wealth management and chief operating officer for Asia Pacific at UBS, effective January 1, 2018.
Gutmanssbauer will report to Dirk Klee, chief operating officer for wealth management, and UBS Asia Pacific president Kathy Shih, with an additional reporting line to Ed Koh, head of wealth management for Asia Pacific and Singapore head.
He succeeds Geoffroy de Ridder as operating head of wealth management and Andreas Neuber, chief operating officer. They two men are moving to new positions to be announced later, according to an internal memo seen by AsianInvestor.
Gutmanssbauer will relocate to Singapore from Zurich for the new role. A successor in his former role will be announced shortly, according to the memo.
PACIFIC EAGLE AM HIRES CHINA EXPERT
Fred Kam has joined family office Pacific Eagle Asset Management in Hong Kong, according to Securities and Futures Commission records. His SFC licence started on November 1.
Pacific Eagle, which has offices in Hong Kong and Singapore, declined to comment.
He moves from SC Lowy, a debt investment firm, where he was a China analyst and left in September. SC Lowy is understood not to have replaced him at this stage.
GENERALI NAMES ASIA DISTRIBUTION CHIEF
Generali Asia has appointed Bruce de Broize (pictured) as head of distribution for Asia, effective October 16.
In this newly created role, De Broize reports directly to Roberto Leonardi, regional officer for Asia.
Earlier, distribution was handled by Terence Wong, head of the business in Asia, a spokeswoman said. Since Wong left the business at the end of last year, the day-to-day work had been managed by the regional distribution team.
Based in Hong Kong, de Broize is responsible for driving growth in the life and property and casualty businesses across Asia, by formulating and implementing new strategies for all distribution channels.
Prior to joining Generali, he was the regional chief distribution officer for AXA Asia. He left the company in mid-October. Axa declined to comment on who would replace him.
JULIUS BAER CEO TO JOIN PICTET
In possibly the biggest senior executive move for the global private banking industry this year, Boris Collardi, former chief executive of Julius Baer, is set to join rival Pictet Group as a partner. He is expected to take up him new role in mid-2018 at the latest.
Collardi will be jointly responsible for Pictet’s global wealth management business, along with Rémy Best, the managing partner who has had sole charge of this division since December 2014.
Collardi (pictured) had been CEO of Julius Baer Group since October 2009.
Collardi will join the existing six managing partners: Nicolas Pictet, Renaud de Planta, Rémy Best, Marc Pictet, Bertrand Demole and Laurent Ramsey.
Julius Baer, meanwhile, has appointed Bernhard Hodler as CEO in what may be an interim position. The board of directors is expected to start an evaluation process for the long-term leadership of the group.
Hodler was appointed deputy to the CEO in September this year and before that, was chief risk officer.
He has been a member of Julius Baer’s senior executive team since 1998 and has held various senior positions, including chief operating officer and president of the management committee of the bank.
EX-MORGAN STANLEY COO TO ADVISE STASHAWAY
Online wealth platform StashAway has lured a former Morgan Stanley chief operating officer to join the company’s advisory committee.
Effective October 11, Sim Hwee Hoon became one of the four advisers for the company, who meet quarterly in Singapore.
Sim will help StashAway senior management in crafting the company's growth strategy, including evaluating new business opportunities and partnerships, a company spokeswoman said.
The Singapore-based company launched its services earlier this year. It now has 21 employees and will continue to strengthen its full-time team in the next few quarters, she said.
Sim was previously COO of private wealth management Asia in Morgan Stanley, a position she left in August 2016. Morgan Stanley declined to comment on her departure. AsianInvestor could not ascertain what she has been doing since she left the US company.
NAB WEALTH ADVICE SPECIALIST TO DEPART
National Australia Bank (NAB) will see a senior executive in its wealth advice team leave the company.
Greg Miller will leave his position as executive general manager of wealth advice at the bank in mid December.
Meanwhile Ross Barnwell, general manager of advice partnerships, and Tim Steele, general manager of financial planning, will expand their responsibilities beginning December 4. Both will report to Andrew Hagger, chief customer officer of consumer banking and wealth.
NAB said it was reducing the number of layers of management, but declined to be more specific on the expanded roles for Barnwell and Steele, or whether there would be any replacement for Miller after he stepped down.
Other people news reported by AsianInvestor in the past week: