CBUS NAMES DEPUTY CIO AMID INSOURCING DRIVE
Cbus, a Melbourne-based superannuation fund, has promoted Brett Chatfield to the newly created role of deputy chief investment officer, reporting to CIO Christian Fok, according to a press release.
The June 13 appointment comes as the A$50 billion ($34.6 billion) fund has been undertaking a "significant internalisation of investment management", a spokesman told AsianInvestor.
As deputy CIO, Chatfield will focus on the next stage of the investment strategy evolution, including the rollout of additional internal strategies. He will also support the CIO in maximising risk-adjusted returns while driving down investment costs.
Chatfield was previously head of public markets at Cbus and will retain responsibility for that portfolio, including equities, debt and absolute return strategies, the spokesman said.
AXA APPOINTS NEW HK CEO IN RESHUFFLE
Axa has promoted Sally Wan to Hong Kong chief executive to succeed Etienne Bouas-Laurent as of September 1, who will become group chief financial officer on January 1.
Wan is currently the French insurer's chief strategy officer for Hong Kong and will report to Gordon Watson, Axa's Asia CEO, in her new role.
Bouas-Laurent will remain in Hong Kong when he becomes group CFO on January 1, when Gérald Harlin will retire as group CFO and deputy CEO. George Stansfield is also deputy CEO and will retain that role.
INVESCO ADDS ASIA HEAD OF FIXED INCOME
Freddy Wong has started this month at Invesco as Asia-Pacific head of fixed income. The US fund house declined to provide further information.
AsianInvestor reported in late May that he would be joining Invesco in a newly created senior client portfolio manager role for fixed income. Ken Hu remains the firm's Asia-Pacific chief investment officer for fixed income.
Wong was previously Fidelity International’s lead portfolio manager for China fixed income and left that role at the end of May.
Credit analyst Alvin Cheng was promoted to replace Wong, a Fidelity spokeswoman said.
SWISS PRIVATE BANK CBH’S ASIA CIO TO EXIT
Kevin Liem, the Asia chief investment officer of CBH based in Hong Kong, is to leave the Swiss private bank. The firm declined to comment on his departure.
A well-placed source said Liem was on garden leave. AsianInvestor could not ascertain his next destination.
JPM AM CHANGES PM OF THAILAND, VIETNAM FUNDS
Isaac Thong, Singapore-based lead manager for the JP Morgan Thailand Fund and JP Morgan Vietnam Opportunities Fund, will move to London on September 30 to join the emerging markets and Asia Pacific income team.
Thong is switching to work on the JP Morgan Asset Management's global emerging markets income product, a spokeswoman said.
Chang Qi Onghe will take over management of the Vietnam Opportunities Fund. He is an investment manager and country specialist for Indonesia, Philippines and Vietnam equities.
The spokeswoman said there would be no changes to the investment objective and investment process of the Thailand and Vietnam funds.
ABERDEEN STANDARD HIRES AUSTRALIA HEAD OF RETIREMENT STRATEGY
Aberdeen Standard Investments has hired Jason Nyilas in Sydney as Australia head of retirement and product strategy. He started on April 29 and reports to Brett Jollie, managing director for Australia.
The UK asset manager said it had created the role to help cater to the demand for retirement solutions in Australia.
Nyilas joined from consultancy EY in Kuala Lumpur, where he had been seconded to help develop the retirement framework for Malaysia's Employees' Provident Fund, an ASI spokeswoman said. Before that he was with EY in Australia as a wealth management executive and partner.
LONDON STOCK EXCHANGE TO ADD 75 IN TAIWAN
London Stock Exchange Group (LSE) has said it will add 75 staff in Taiwan to expand its team there to 100 over the next 12 months.
Recruitment will mainly focus on roles in the information services division, including at index provider FTSE Russell, the bourse operator said in a press release.
LSE’s operation in Taiwan is managed by Susan Lin, deputy head of information services for Asia Pacific and managing director of FTSE Russell in Taiwan.
BNP PARIBAS WM NAMES HK HEAD OF INVESTMENT SERVICES
BNP Paribas Wealth Management has named Gabriel Chan as head of investment services for Hong Kong, effective June 17. He was previously the firm's head of equity advisory for Asia and will continue to oversee those duties until a replacement is named, a spokeswoman said.
Chan replaces Lemuel Lee, who has been promoted to head of Hong Kong market, reporting to Andy Chai, head of Greater China markets.
Chan is responsible for new initiatives and oversee the distribution of the bank’s services across traditional and digital channels.
He reports to Garth Bregman, Singapore-based head of investment services for Asia Pacific at BNPP WM, the spokeswoman said.
Before starting at BNP Paribas in 2013, Chan worked at Credit Suisse and CLSA.
CITCO APPOINTS HEAD OF INSTO SERVICES
Alternative investment services provider Citco has named Nick Eisenlau as the head of its newly set up institutional services team in the US, according to a media release.
The team will provide services to asset owners such as fund fee verification for both open- and closed-end funds.
New York-based Eisenlau was previously head of strategy and analytics.
Citco did not respond to AsianInvestor’s queries on whether the firm had identified a replacement for his previous role.
Other people moves reported on AsianInvestor.net in the past week: