BNP PARIBAS WM APPOINTS ASIA PRODUCT CHIEF

BNP Paribas Wealth Management has appointed Marco Kermaidic as Asia head of products and services development. He was previously head of investment counselling for Hong Kong for four years.

Kermaidic, who has moved to Singapore for the new role, reports to Arnaud Tellier, head of investment services for Asia. He took up the post in July, according to his LinkedIn page.

He replaces Thibaud Gogny-Goubert, who has returned to Europe to become product services specialist.

BNP Paribas declined to comment on who would replace Kermaidic.

He joined BNP Paribas WM in 2009 as head of products and services for the Middle East.

BLACKSTONE APPOINTS JAPAN CHAIRMAN 

Blackstone has named Katsuyuki Kuki as chairman for Japan, a newly created role as the private equity firm continues to expand its presence in the country, it said in a statement.

He joined on August 28 from JP Morgan, where he was chairman of banking in Japan. The US bank declined to comment on whether he had been replaced.

Kuki (left) reports to Hong Kong-based Asia-Pacific chairman Chris Heady, a spokesperson said. Blackstone also has a head of Japan in the form of Daisuke Kitta. 

DEUTSCHE BANK REPLACES ASIA SEC SERVICES HEAD 

Deutsche Bank has promoted Anand Rengarajan to head of securities services for Asia Pacific based in Singapore. Starting in August, he replaced Tan Ying-Ying, who has left the bank. 

Rengarajan was previously Singapore-based co-head of investor services for Asia Pacific. A spokeswoman said his replacement had not yet been announced.

Rengarajan reports to Satvinder Singh, London-based global head of securities services, and Lisa Robins, Asia-Pacific head of global transaction banking based in Singapore. The spokeswoman declined to disclose the number of staff reporting to Rengarajan. 

Rengarajan has been with Deutsche Bank since 2000 in various product and sales roles across India and Singapore. 

NORTHERN TRUST NAMES HEAD OF SOUTHEAST ASIA

Northern Trust has announced that Yen Leng Ong will take over as head of Singapore and Southeast Asia from December 1, subject to regulatory approval.

Ong was previously the firm's Asia-Pacific chief administrative officer for and head of product management. A replacement will be announced in due course, a company spokesperson a spokeswoman said.

Ong will lead Northern Trust’s asset servicing business activities and oversee key business lines including asset management and capital markets across Southeast Asia. She will continue to report to William Mak, head of Asia Pacific.She replaces Rohan Singh, who joined BNY Mellon as Asia head of asset servicing on June 27.

HSBC GLOBAL AM SEEKS JAPAN CLIENT SERVICE EXECS

HSBC Global Asset Management is seeking a head of client propositions and three other individuals for its Japan business. The former will be responsible for investment and product communications and marketing activities for all client segments.

The firm is also seeking a product communications manager and two client service managers. One of the client service managers will cover institutions and retail fund distributors and the other solely institutions.

Patrice Conxicoeur, Japan chief executive at HSBC Global AM, told AsianInvestor the positions were a mix of replacements and new roles, but declined to comment further.

CSRC NAMES NEW ASSISTANT CHAIRMAN

China’s State Council on August 30 appointed Zhang Shenfeng as an assistant chairman of the China Securities Regulatory Commission. He was previously chairman of the China Financial Futures Exchange. 

Including Zhang, CSRC has three assistant chairmen. Huang Hui was appointed in February 2015, Xuan Changneng appointed in August 2016.

A former assistant chairman, Zhang Yujun, was put under investigation by China’s main anti-corruption body in September 2015, according to state-owned news outlet Xinhua.

LGT HIRES MULTI-ASSET SPECIALIST FROM UBP

Liechtenstein-based financial group LGT hired John Cheng as Hong Kong-based director of managed solutions for private banking in August, according to Cheng’s LinkedIn.

He joined from Union Bancaire Privée, where he was a director for multi-asset and managed products, focusing on long-only and alternative managed fund platforms in North Asia.

Both firms declined to comment. 

AMG WM REPLACES DISTRIBUTION HEAD

Hong Kong-based AMG Wealth Management has appointed Choi Hon-Wah as its chief distribution officer, effective August 21. He replaced Grace Ho, who left the firm last month.

Choi was most recently Hong Kong head of marketing and corporate communications at Principal Financial Group, until March. He has been replaced by Phillip Saran, who has taken up a combined role of head of product strategy and marketing. Saran was senior risk manager for Principal Hong Kong until March.

Choi took a break before joining AMG.

LIQUIDNET NAMES ASIA HEAD OF SALES

Institutional trading platform Liquidnet has promoted Tristan Baldwin (left) to Asia-Pacific head of sales, effective June 5, overseeing teams in Hong Kong, Japan, Australia and Singapore. He has relocated to Hong Kong from Australia for the position.

He reports to Lee Porter, Hong Kong-based head of Asia Pacific, whose role had previously incorporated Baldwin's responsibilities. The company decided to carve out the head of sales role as business has grown, said a company spokesman.

Once the current round of hiring is complete, Baldwin will have nine people reporting to him, the spokesman said, but declined to comment on how many staff they have now

Baldwin spent four years as head of Australia in Liquidnet’s Sydney office. He has been replaced by Murrough O’Brien, who started with the company in July according to his LinkedIn profile.

O’Brien joined from trading services provider TradingScreen, where he was head of Australia and New Zealand. TradingScreen did not reply to AsianInvestor's emailed query by press time.

SOCGEN HIRES ASIA FIC SALES HEAD 

Societe Generale has poached Florian Dumas from rival French bank BNP Paribas as Asia Pacific head of financial institution sales for fixed income and currencies (FIC).

Starting on July 10, Dumas (left) reports to Guillaume Miquel, Asia-Pacific head of FIC for global markets, and Albert Loo, Paris-based global head of FIC and cross-asset solution sales for global markets. 

Before Dumas joined SocGen, the bank used to have a separate Asia sales head for FX, credit and rates. Those three executives have either moved internally or left, a spokesman said. 

Under the new structure, the FIC teams in the region that report to Dumas are country teams. In addition, there are teams in Hong Kong with dual product and geographic mandates or dual product and client segment mandates, the spokesman said.

At BNP Paribas, Dumas was Asia head of FX and rates institutional sales. BNP Paribas declined to comment.

Other people news reported on AsianInvestor in the past week:

Fullerton merging with NTUC Income 

Indosuez Wealth Management appoints new DPM head

Capital Group loses SE Asia sales head

Sun Life lures portfolio manager from Taiping AM

China Merchants Bank outlines wealth buildout plans