BNY Mellon IM appoints new Japan FIG head
BNY Mellon Investment Management has appointed Yoshiyuki Shimoyama as head of financial institutions group, Japan, effective on March 1.
Based in Tokyo, Shimoyama focuses on Japanese banks and insurance companies, providing investment solutions for major asset classes including equities, fixed income, private debt, real estate and private equity.
Shimoyama reports to Shogo Yamaguchi, chairman and president of BNY Mellon Asset Management Japan, and Lindsay Wright, head of distribution and co-head of BNY Mellon Investment Management Asia Pacific.
Shimoyama replaces Atsushi Horiike who moves to another investment manager within the BNY Mellon group. A spokesperson said BNY Mellon IM could not disclose where exactly Horiike would be going at this stage.
Shimoyama joins from JPMorgan Asset Management (Japan) where he was most recently head of financial institutions sales and marketing. JPM AM said he had been replaced, but couldn't comment on who is the new placement.
Harvest GI bolsters sales team
Harvest Global Investments, the overseas subsidiary of Chinese fund house Harvest Fund Management, made five senior appointments at the last four months of 2016, hoping to help “unlock new investment in key geographies”, the company said in a statement.
Wang Ruiqi joined as executive director and as head of China sales in September, based in Hong Kong. This is a newly-created role with a pure focus on the Chinese client base. Her responsibility is to develop business for international clients wishing to invest in Chinese markets as well as liaising with mainland financial institutions wishing to conduct business globally. Wang was a director for fixed income sales, institutional client group, China at Deutsche Bank until May 2016. Deutsche Bank hasn't replaced her yet.
Yuki Nishio joined in December 2016 as vice president, in a newly-created head of Japan and Korea sales role, based in Hong Kong. She was an equity sales at Daewoo Securities in Korea until November 2016.
Sirinda Flik joined in October 2016 as regional business development manager for Europe and is based in London and reports to Peter Lindqvist, chief executive of HGI (UK). She replaced Angela Wang who moved in November to New York to focus on distribution for US clients. Wang now reports to Simon Arrata, CEO of HGI (US).
Before joining HGI, Flik was a senior client relationship executive (international team) at Legal and General Investment Management, based in London, until October 2016. LGIM didn't respond to a query on Flik's replacement by press time. Wang joined HGI in May 2015 in London. She has worked at Bank of China International and Bloomberg before.
Joyce Lui was appointed vice president for marketing and business development in November, based in Hong Kong. She coordinates strategic marketing and communications activities with HGI’s global sales teams, as well as providing media and PR liaison with outside agencies. Lui joined HGI in June 2015 and was head of exchange-trade fund (ETF) sales at HGI, a role that now also falls under the expanded overall sales team. Before joining HGI, she worked at Lippo Investment Management, Bank of Communications, East West Bank and Wells Fargo Bank.
Wang, Nishio and Lui all report to Ashley Dale, chief business development officer and chief marketing officer, who is based in Hong Kong.
Eaton Vance hires first executive in Tokyo
Eaton Vance has made Tetsuo Kushiya its first Tokyo-based executive, hiring him as senior relationship manager in January.
He will oversee the US asset manager’s client and distribution partner relationships from its new office in Japan, which opened in February. He reports to Rob White, Asia president of Eaton Vance, who is based in Singapore.
Kushiya joins from Mizuho Securities, which has a distribution partnership with Eaton Vance.
At Mizuho he was director of the alternative fund promotion department and before that director of global products.
From 1989 to 2000, Kushiya held positions with securities products marketing and corporate finance teams at the Industrial Bank of Japan and IBJ Securities before the merger forming Mizuho in 2000.
Credit Suisse creates APAC wealth planning services team
Credit Suisse is bringing together its Asia-Pacific family office and philanthropy advisory functions services with its trust and estate advisory team under a new wealth planning service for ultra-high-net-worth clients and their families.
The changes took effect on March 1 and the combined team is led by Bernard Fung, who is based in Singapore and previously led family office services and philanthropy. Thomas Ang, a member of the family office services team since its inception in 2010, will take over as head of the family office services team.
Joost Bilkes, a vice president of impact investment at the bank, will take over as head of responsible and impact investing Asia Pacific, which previously fell under the philanthropy team.
Pauline Khoo will continue to lead the trust and estate advisory team.
Credit Suisse said the changes were intended to serve clients in a more client-centric and structured manner.
The bank is also creating a new team under the wealth planning unit on structuring of private label funds (PLFs), which are collective investment vehicles for one or more investors. The PLFs team will be led by Christos Anagnostopoulos, who is currently a member of the PLF team in Switzerland. He will relocate to Singapore in mid-April.
Credit Suisse PB appoints new India head
Credit Suisse has appointed Iñigo Mendoza as head of private banking India, based in Mumbai, effective February 24.
He reports to Balakrishnan Kunnambath, head for non-resident Indian Asia Pacific and Indian sub-continent, and locally to Mickey Doshi, chief executive India. The bank didn't get back by press time on whether the Indian head role was newly created or who was responsible for private banking in India before Mendoza.
Before taking on this role, Mendoza was head of business management for developed and emerging Asia market area. The bank didn’t get back by press time on whether Mendoza would retain the role after the appointment.
Meanwhile, Kunnambath’s role is being expanded; he will oversee the private banking business in India, in addition to his existing responsibilities.
Kunnambath reports to Alex Wade, head of developed and emerging Asia for private banking Asia Pacific.
BNPP IP adds multi-asset solutions strategist
BNP Paribas Investment Partners has appointed Guillermo Felices as senior market strategist in its multi-asset solutions team in London. In this newly created role he reports to Colin Graham, CIO for multi-asset solutions and head of active asset allocation.
Felices has 15 years’ experience of sell-side research and policymaking. In his most recent role he was head of asset allocation research for Europe at Barclays, joining in 2011 as head of foreign exchange strategy for Europe.
PPI appoints new chair
The board of directors of the Pacific Pension & Investment Institute (PPI) has elected Adrian Orr, chief executive officer of the New Zealand Super Fund, to serve as its next chair, effective on February 22.
Orr succeeds Theresa Whitmarsh, executive director of the Washington State Investment Board, who held the position at PPI for three years. Orr previously served as vice chair of the PPI board of directors from February 2014 to February 2016, and also as a co-chair of PPI's program committee during that period. From Feb 2016 until his chair appointment, he was a member of the PPI board, without an officer role.
Whitmarsh will remain on the PPI board until her term expires in 2019. She is now an officer of the PPI board in the role of immediate past chair for a one-year term, a PPI spokesperson said.
PPI is a global organisation with individual and institutional members from leading pension funds, sovereign wealth funds, endowments, foundations, commercial asset management and other investment experts.
Other people news reported on AsianInvestor in the past week: