PIMCO'S HEAD OF SOUTH ASIA EXITS

Pimco’s head of South Asia, Abhi Shroff, left the US-based bond fund giant at the end of May and will be replaced in due course, AsianInvestor has learned. 

Abhi Shroff

A spokeswoman for Pimco said the team would continue under the leadership of Michael Thompson, head of Asia ex-Japan, but declined to comment further.

Shroff had joined the $1.76 trillion asset manager in Singapore nearly three years ago from investment research house Greenwich Associates, where he had been managing director for Asia Pacific.

AsianInvestor could not ascertain Shroff’s next destination, and he did not respond to emailed requests for comment.

This story has been updated to indicate that Shroff is being replaced at Pimco.

EFG APPOINTS APAC DEPUTY HEAD

Swiss private bank EFG International appointed Angela Bow as the new deputy head of Asia Pacific on June 1. A spokeswoman confirmed that the role is a newly formed created position. 

Bow reports to Albert Chiu, EFG's head of Asia Pacific operations, and will work closely with the bank's country CEOs, heads of private banking and the investment solutions teams in Hong Kong and Singapore. She will become a member of the Asia Pacific Business Committee. 

The appointment continues the rebuilding at EFG in Asia following the leadership shakeup that took place after the 1MDB-related scandal at Swiss private bank BSI, which broke soon after it was acquired by EFG in 2016.

Prior to joining EFG, Bow was head of Japan, emerging Asia and intermediaries at Swiss private bank Julius Baer from May 2016 to November 2018.

Following her departure, Julius Baer named Christian Cappelli its market head of emerging Asia, while in October 2018 it announced that the intermediaries teams in Hong Kong and Singapore became part of a new intermediaries and global custody unit. The Japan teams in Hong Kong and Singapore were integrated into their respective local businesses. 

Before working at Julius Baer, Bow was deputy head of Japan and emerging Asia and market group head of the Philippines at Credit Suisse, where she worked from 2011 to 2016.

CREDIT SUISSE APPOINTS CHINA CEO

Credit Suisse has appointed Tang Zhenyi as its chief executive for China.

Tang will join Credit Suisse this month and will be based in Beijing. He will have oversight of the bank’s onshore entities, and report to Helman Sitohang, Asia-Pacific CEO.

            Tang Zhenyi

His appointment comes after the Swiss bank announced in April its plan to increease its stake in its onshore securities joint venture, Credit Suisse Founder Securities, to 51%.

Credit Suisse declined to comment on AsianInvestor queries on his predecessor and his joining date.
 
Tang was most recently the Hong Kong-based chairman of equity brokerage CLSA, a wholly-owned subsidiary of Citic Securities. He left CLSA in late February and was succeeded by Zhang Youjun, who also remains chairman of Citic Securities, AsianInvestor understands. 
 
MSCI NAMES SALES HEAD FOR AUSTRALIA AND NZ

US-based index provider MSCI has appointed Simone Bouch as Sydney-based head of Australia and New Zealand client coverage, effective May 23.  

She will head the local brand-building development across all product lines and report to Jack Lin, Hong Kong-based head of Asia-Pacific client coverage,.

Bouch has replaced Michael Anderson, who left the company in October last year. Lin was looking after his duties in the interim, a MSCI spokeswoman told AsianInvestor.  

Bouch joined from Aberdeen Standard Investments, where she was Sydney-based head of distribution for Australia. She left in August 2018, the firm’s spokeswoman said. 

Her former responsibilities have been absorbed by the local distribution team, which is now overseen by Brett Jollie, head of Australia.

NATIXIS IM’S APAC MARKETING HEAD EXITS

Jean Tan

Jean Tan, formerly Singapore-based head of marketing for Asia Pacific at Natixis Investment Managers, left the French firm on May 24. 

The fund house is interviewing candidates to replace her, a spokesman said.

AsianInvestor could not ascertain Tan's next destination.

MERCER ADDS WEALTH LEADER IN PHILIPPINES

US investment consulting firm Mercer has hired Harold Tan in the newly created role of wealth business leader for the Philippines.

Harold Tan

A spokeswoman told AsianInvestor that Tan started in April and that responsibilities previously fell under the Philippine chief executive Teng Alday's remit.

            

Tan joined Mercer from Malaysia-based Maybank’s Philippines branch, where he held the role of head of Premier Wealth. Maybank did not respond to requests for comment.

Prior to his stint at Maybank, Tan held a range of wealth and investment advisory roles at Standard Chartered Bank.

Other people news reported by AsianInvestor in the past week:

Manulife names head of China asset management

Eastspring hires insto head as it rebuilds team