EFG Asset Management has hired a Singapore head amid uncertainty over its parent bank's takeover of Swiss rival BSI. AsianInvestor spoke to Moz Afzal, the fund firm's global CIO.
EFG's SE Asia head resigns; Neuberger Berman in sales shuffle; Spence Johnson hires first Asia head; Credit Suisse boosts AES team; Northern Trust adds Pune operation; Latham & Watkins builds in HK, to open in Seoul; Iosco opening Asia branch; SS&C replaces Malaysia chief.
EFG Asset Management is hiring staff in Hong Kong and Singapore for its investment and sales teams and aims to enter the retail market in Singapore, said its global chief investment officer.
Two EFG executives, including the Asia head of investments of the funds arm, are leaving the Swiss bank to set up an external asset management business next month.
EFG Asset Management appoints private banker Nigel Sze to run the Asia business as former CEO Bradley Okita exits for another challenge.
Mansfield Mok joins EFG Asset Management, which is building an investment capability in Hong Kong, while GAM adds Kevin Chan.
With its new Hong Kong securities dealing and advisory licence, EFG Financial Products is targeting a build-out and sees the city as its most important centre globally after Zurich.
Jaya Jayaram has joined as head of UBS’s India desk, while Dominik Fuerst and Adeline Chien have left the ultra-high-net-worth team, the latter to move to EFG Bank.