Weekly roundup of people news, Jan 20
Prior to the appointment, Lee was Fidelity’s chief representative in Beijing. He has now relocated to Shanghai and his previous role has been taken up by Lily Cong, who used to be the firm’s Beijing office manager.
Fidelity obtained the first wholly foreign-owned enterprise (WFOE) private fund management qualification in China on January 3, 2017.
StanChart shuffles North Asia retail team
Standard Chartered is set to appoint a new head of wealth management for Greater China and North Asia (GCNA) after the incumbent, Vicky Kong, was named Hong Kong head of retail banking. The bank will name a replacement in due course, a spokeswoman said.
Having overseen the regional wealth business since 2010, Kong will succeed Samir Subberwal, who is to become GCNA head of retail banking, having been with the bank since 1994.
Subberwal will replace Mary Huen, who was appointed chief executive for Hong Kong. She succeeds May Tan, who will retire after 32 years of service in the financial industry.
Huen has been with StanChart for 25 years and has held various key positions across retail banking, wealth management, customer experience, and governance. She will continue to report to Benjamin Hung, CEO for GCNA.
All the changes take effect on March 1.
Savills IM adds Australia head of investment
UK-based Savills Investment Management has hired Lee Tredwell in Sydney as its first head of investment for Australia. He joined on January 16 from Abacus Property Group in Sydney, where he was group executive for acquisitions.
This comes as part of an expansion drive by Savills IM in Asia Pacific. The firm only opened its Australia office in April 2016 and is now looking to open an office in Shanghai, its first in China.
Prior to Lee’s appointment, Australian investments were overseen by Craig Pearce, Asia head of asset management at Savills IM in Hong Kong.
Lee reports to Kiran Patel, chief investment officer at Savills IM in London.
Before working for Abacus, Lee spent 10 years at GE Capital Real Estate, most recently as head of asset management. There he was responsible for equity and debt investments in Australia and New Zealand and fund investments in Southeast Asia.
Lee has also worked at property services firm CBRE.
Sun Life's Hong Kong CEO departs
Sun Life has seen its Hong Kong chief executive, Jason Dehni, leave just eight months after joining. The firm will announce a replacement once it receives regulatory approval for the appointment, a spokeswoman for the Canadian insurer said.
Dehni moved from rival insurer Manulife to assume the role in April last year from Wim Hekstra, who returned to his native Netherlands.
Former Wing Lung PB head resurfaces
Joseph Tam, the former head of private banking and wealth management at Hong Kong’s Wing Lung Bank, has moved to Industrial Bank. According to his LinkedIn page, he is now the general manager of the Chinese lender's private banking department and is still based in Hong Kong.
Industrial Bank did not immediately respond to our queries about Tam’s appointment. Wing Lung Bank said there will be a replacement for Tam.
Tam left Wing Lung on December 2 and had been responsible for relationship management teams covering Hong Kong and mainland China as well as the family trustee and product development units.
Tam previously worked for Credit Suisse Private Banking and HSBC Private Bank.
EFG hires ex-UBP investment consultant
EFG Bank has hired Lily Gu to strength its investment team in Asia, according to a source familiar with the matter.
The appointment of Gu as an equity specialist and vice president, which took effect on January 3, is intended to support the Swiss bank’s regional client relationship officers with recommendations on Asian equities and a particular geographical focus on North Asia.
Based in Hong Kong, Gu reports to Jaye Chiu, head of investment of EFG Bank Hong Kong.
Prior to joining EFG, Gu was an investment consultant associate for high net worth and ultra HNW clients with Coutts International until July 2016. Coutts was completely acquired by Union Bancaire Privée (UBP) in April 2016. Gu has previously also worked for Shanghai BeiRun Investment and Consulting and Deloitte Touche Tohmatsu CPA.
Ex-ABN Amro private banker joins Julius Baer
Jos Kleijne has joined Julius Baer as a director of the private banking international team in Singapore, having previously been a private banker at ABN Amro, a source familiar told AsianInvestor.
ABN Amro sold its wealth management arm in Asia to LGT Bank in December.
Kleijne previously worked as team head and relationship manager at ANZ from May 2010 to December 2012. In a second stint at ABN Amro he was also a senior relationship manager between June 2008 and April 2010, as well as a mortgage advisor at Dutch firm De Hypotheker.
Other people news reported on by AsianInvestor in the past week:
Columbia Threadneedle hires ex-Syz salesman