BSI's Brunner to retire; Deutsche WM names new Asia COO; HSBC PB shuffles in investment counselling; Malaysia's SC replaces deputy CEO; BNPP WM hires HK team lead; BoS replaces NRI marketing head: reports; Ibbotson switches Japan heads; Credit Suisse PB adds risk specialist.
BSI names new Asia chief; BlackRock adds equity PM; RBC WM hires head of discretionary; LaSalle creates Australia funds head role; AMP Capital continues revamp; Challenger replaces funds chief; RHB appoints retail head; Milbank opens Korea office; and Withers partners Khattar Wong.
Esther Heer's exit from the private bank comes following its recently agreed acquisition by Brazilian investment bank BTG Pactual.
The Asia head of Swiss private bank BSI, Hanspeter Brunner, discusses his firm's acquisition by Brazil's BTG Pactual. He says buying Coutts' overseas arm is not part of the current plan.
Hanspeter Brunner and Esther Heer outline their regional plans, including bulking up in Hong Kong and determining the best onshore strategy for China and India.
Hong Kong looks to be growing in importance as a wealth-management centre, as regional private-banking heads set up shop and more firms seek banking licences.
The RBS Coutts veteran becomes the next to depart the UK firm for the Swiss private bank, which has also hired Ciro Ahmad as chief operating officer.
Most high-net-worth Asians have achieved their wealthy status in the past 20 years -- they now face the issue of how to pass on their fortunes, say private bankers.
Ignatius KK (Iggy) Chong replaces Heer as the new head of private banking for North Asia at RBS Coutts.
The Swiss private bank has been hiring feverishly in the region, but may find it harder to attract talent down the road.
Contrary to previous reports, former RBS Coutts chief executive Hanspeter Brunner has joined Swiss private bank BSI.