PINEBRIDGE'S HK HEAD OF INTERMEDIARIES DEPARTS
PineBridge Investments has seen Joyce Chan leave her role as head of Hong Kong intermediary business development. Her regulatory licence with the US-based asset manager ended on November 15.
Chan's former responsibilities have now been combined with the Greater China institutional business development team under the leadership of Hong Kong-based Maggie Zhao, a spokesman said.
Zhao now heads business development for institutional and intermediary channels, including private banks, wealth management and insurance-linked businesses, across China, Hong Kong and Macau.
Chan had been with PineBridge since April 2010. Before that she had been on the intermediaries team in Hong Kong at Allianz Global Investor She has also worked for HSBC Global Asset Management and UBS Asset Management.
AsianInvestor could not ascertain what Chan's next move might be.
HAMILTON LANE APPOINTS CO-HEADS OF ASIA INVESTMENTS
Alternative asset manager Hamilton Lane has promoted Xia Mingchen and Collwyn Tan to the newly created roles of co-heads of Asia investments, effective last month.
Xia was previously the managing director for the company's Asia-Pacific fund investment team, while Tan was principal for the Asia-Pacific co-investment team.
Both based in Hong Kong, they will retain their previous responsibilities after taking up the new roles, a company spokeswoman said.
Both report to Juan Delgado-Moreira, Hong Kong-based vice chairman and head of Asia.
CONNING APPOINTS SENIOR PORTFOLIO MANAGER
Conning has hired Desmond Tjiang as Hong Kong-based senior portfolio manager.
He joined the US fund house on November 1 to lead the global multi-asset balanced strategy. He also oversees equity portfolio management for Asia.
This is a newly created role reporting to Asia-Pacific chief investment officer Yeo Siew-Mee, a Conning spokeswoman said. His duties were partly taken up by Yeo before he came on board, she said.
Tjiang was most recently chief executive of Mount Logan Capital in Hong Kong, which he co-founded. The firm did not immediately reply to AsianInvestor’s query about his departure.
This story has been updated to show Tjiang's reporting line.
STANCHART REPLACES NORTH ASIA SECURITIES SERVICES HEAD
Standard Chartered has appointed Simon Kellaway as head of securities services for Greater China and North Asia. He joined the bank on November 11.
Kellaway is based in Hong Kong and reports to Margaret Harwood-Jones, global head of securities services, and Ricky Kaura, head of transaction banking for east Asia.
He took over the role from Barnaby Nelson who left the bank to pursue other personal interests, according to a spokeswoman. She did not elaborate further on who had taken over Nelson's responsibilities before Kellaway joined.
According to media reports, Nelson left Standard Chartered in June 2018; he has since become chief executive officer at data firm ValueExchange.
Kellaway joined from Royal Bank of Canada Investor & Treasury Services (RBCITS) where he was most recently the chief operating officer for global client coverage and global client operations. He left RBCITS in September and his vacant role "has [since] evolved under the new management team," according to a spokeswoman, without elaborating further.
Before joining RBCITS, Kellaway held senior management roles in prime finance, corporate banking and securities services for HSBC and JP Morgan.
EFG HIRES EIGHT EXECUTIVES IN SINGAPORE
EFG Private Bank has appointed eight executives for its Singapore branch, but the bank declined to say which of the appointments were replacement hires or newly created roles, or when the two started.
Brandon Wong joined as senior investment counsellor, and reports to Ashish Dikshit, head of investment counselling.
Grace Wong and Whilton Leo have been named client relationship officers. Wong reports to Kimmis Pun, team head for Greater China, while Leo reports to Jennie Hananto, head of the Southeast Asia team.
Brandon Wong and Grace Wong joined from BNP Paribas Wealth Management, where they were investment counsellor and director of the Taiwan team, respectively. The French firm declined to comment on when they left or whether the roles had been filled.
Leo joined from Bank J Safra Sarasin as senior director for client advisory. The private bank did not respond to AsianInvestor’s emailed queries on his departure.
EFG has also recruited five client relationship officers from Bank of Singapore. They are: Jayanta Chatterjee, Manoj Samtani, Nitin Kakaria, Rohit Punjabi and Vishal Rajani.
HK SFC BANS EX-DEUTSCHE SECURITIES ASIA EXEC FOR LIFE
Hong Kong's Securities and Futures Commission has banned Ma Sin-Chi, a former responsible officer of Deutsche Securities Asia, from re-entering the industry for life.
He was sentenced to 45 months’ imprisonment and was ordered to restitute the bank HK$6.39 million ($816,958) in February last year.
Ma was convicted of accepting bribes from his clients as rewards for assisting their trading of derivatives warrants issued by Deutsche Securities Asia, which was also the liquidity provider.
The bank's spokeswoman told AsianInvestor that Ma left more than seven years ago and he had previously been a Hong Kong-based warrants trader.
Other people news reported by AsianInvestor in the last week:
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