FORMER CAPITALAND IM CHIEF JOINS OAKTREE
James Lim has been appointed managing director at Oaktree Capital Management, a US alternatives asset manager, according to an update on his LinkedIn dated November 27.
As reported by AsianInvestor in September, Lim was relieved of duty on September 9 as chief executive at Singapore's CapitaLand Investment Management after resigning earlier the same month, according to a source familiar with his situation.
Oaktree did not respond to emailed inquiries about his appointment, while Lim did not respond to attempts to contact him via LinkedIn.
Jonathan Yap, president of CapitaLand Financial, will continue overseeing CapitaLand IM, a spokeswoman for the Singapore firm said.
Lim had joined CapitaLand to help launch the private fund management unit in 2017. He has also worked for HSBC, Morgan Stanley, BNP Paribas, ANZ and Lehman Brothers.
FIDELITY NAMES SUSTAINABLE INVESTING DIRECTOR
Fidelity International has appointed Flora Wang as Hong Kong-based director of sustainable investing.
She took up the newly created role on November 11 to lead the asset manager’s engagement with investee companies in Greater China on environmental, social and governance (ESG) issues. She reports to Tan Jenn-hui, Singapore-based global head of sustainable investing.
Before Wang came on board, her duties were shared by the sustainable investing team across Asia Pacific, said a company spokeswoman.
Wang left her position as a director at US asset manager BlackRock last month.
AsianInvestor understands that Eddy Gan has replaced her. He joined BlackRock investment stewardship’s Asia Pacific team in Hong Kong this month, covering Greater China. He reports to Amar Gill, Hong Kong-based head of investment stewardship for Asia Pacific.
JANUS HENDERSON HIRES FOR ASIA INSTITUTIONAL TEAM
Janus Henderson Investors has appointed Jessica Choong as director for institutional sales for Southeast Asia. She joined in Singapore on November 11 from UK fund house Schroders.
This follows the October 10 hire of Natalie Chan from Invesco as head of institutional marketing for Asia ex Japan in Hong Kong.
Both the roles have been newly created in line with the Asia business strategy set out by Scott Steele, Asia head of distribution, according to the spokesman.
Janus Henderson did not respond to requests to clarify how Choong and Chan's duties had previously been covered.
Choong reports to Spencer Seto, Asia ex-Japan head of institutional sales, and Chan to Geraldine Walsh, head of Asia-Pacific marketing.
Choong had been product manager for Asian fixed income at Schroders. A spokesman for the fund manager said she left the firm on November 8 and that it was in the process of hiring her replacement. She also worked for Pinebridge Investments and Western Asset Management.
At Invesco, Chan had spent the past five years as head of institutional marketing for Asia ex-Japan, based in Hong Kong. Invesco declined to comment. She also worked at Bank of China and Hang Seng Bank.
STATE STREET ADDS SECTOR SOLUTIONS HEAD
Asset servicing and custody group State Street has appointed Cara Brosnan as head of sector solutions for Australia and Southeast Asia, effective November 28.
Based in Sydney, Brosnan reports to Jason Rich, Sydney-based head of sector solutions for Asia Pacific.
In her newly created role, Brosnan leads sales across State Street’s products and client sectors, including asset managers and asset owners, in Australia and Southeast Asia.
The responsibilities were previously split between Rich and several sales representatives in Australia and the Southeast Asian markets, a company spokeswoman said.
Before joining State Street, Brosnan was head of asset management and asset owner sales and client management for Australia at HSBC Securities Services, which declined to comment on her departure.
OLD MUTUAL LOSES HEAD OF HNW SALES, HIRES TWO
Old Mutual has witnessed the departure of Bryan Pee, its Asean head of high-net-worth solutions, and replaced him with two new hires in Singapore.
A spokesman for Old Mutual told AsianInvestor that Pee left on November 21. He has been replaced by Claire Tan and Christabel Fernandez, who assume the role of directors of high-net-worth solutions.
Tan joined from United Overseas Bank, where she was vice president and portfolio counsellor, while Fernandez joined from Etiqa Insurance as institutional broker specialising in the ultra-high-net-worth insurance, the spokesman said.
APAC CO-WEALTH CEO LEAVES BNP PARIBAS
Andy Chai has decided to leave his position as Asia-Pacific co-chief executive of wealth management at BNP Paribas, and Arnaud Tellier, his former co-CEO, is now the sole head, a spokeswoman confirmed. The duo had only been made co-CEOs on October 8 this year.
Chai had previously been head of wealth management for Greater China, while Tellier was head of wealth management for Singapore and Southeast Asia.
Chai had joined BNP Paribas’s wealth management arm in December 2011 as head of the Hong Kong market. He could not be reached for a comment for his future plans.
HSBC PRIVATE BANKING NAMES SOLE APAC PRODUCT HEAD
HSBC Private Banking has made Abdel Ben Tkhayet its Hong Kong-based sole head of investment services and product solutions (ISPS) for Asia Pacific, after his former co-head, Jackie Mau, was promoted to the newly created role as Asia-Pacific head of ultra-high net-worth (UHNW) individuals
Based in Hong Kong, Mau will now lead efforts to grow the UHNW business in Asia. Since joining HSBC in 2003, he has held a number of senior client-facing roles across investment banking and private banking in Hong Kong and Thailand.
DEUTSCHE BANK WM HIRES IN INDIA AND DUBAI
Deutsche Bank Wealth Management has made several senior hires across India and the Middle East.
The firm named Mayank Khemka as head of discretionary portfolio management and chief investment officer for India, effective November 22, and Akshay Prasad as head of investment management for global South Asia (GSA), to be effective from January 1. A Deutsche Bank spokeswoman said Khemka’s role was newly created, but did not respond to how it previously covered Prasad's duties.
Based in Mumbai, Khemka joined from Credit Suisse, where he was head of investment management. Credit Suisse did not respond to queries on when he left or whether his role will be replaced.
Khemka now reports to Atinkumar Saha, head of wealth management for India, and Christian Nolting, global head of discretionary portfolio management and wealth management chief investment officer.
Prasad is currently Singapore-based head of capital markets for emerging markets. He reports to Amrit Singh, head of wealth management for GSA in Singapore, and Bobby Abraham, regional head of institutional wealth partners in emerging markets, including Asia Pacific and MIddle East.
AsianInvestor understood that Prasad's role will be shared among the team once he moves to the new post.
Deutsche Bank WM also appointed Achal Aroura in a newly created role as a group head of the GSA team in Dubai, effective October 3. He reports to Singh.
Aroura joined from Julius Baer, where he was group head of Indian sub-continent and non-resident Indian coverage, the private bank’s spokeswoman said. She declined to comment on when he left or whether the role will be replaced.
Story updated to offer more information about the new co-heads of high net worth solutions at Old Mutual.