Summary of Executive Wealth Management Moves in Asia Pacific – April 2022

A roundup of industry moves and appointments in April. Several notable appointments have been made at companies such as Standard Chartered, Citigroup and BNP Paribas.

Deutsche Bank’s international private banking arm has made two appointments to its Asia-Pacific discretionary portfolio management arm. Stefanie Holtze-Jen has been named Head of Asia-Pacific DPM and Harsh Agarwal has been named Head of Fixed Income DPM in Asia.

Based in Singapore, Holtze-Jen assumed responsibility for DPM, Asia-Pacific, in addition to her role as Chief Investment Officer, Asia-Pacific. She reports to Tuan Huynh, Global Head of Discretionary Portfolio Management, in addition to her CIO line.

Agarwal, who reports to Holtze-Jen, joined Deutsche Bank in 2013 and has over 15 years of fixed income markets experience, spanning local currency credits, investment grade, high yield, distressed debt and convertible bonds. He was most recently co-head of strategy for credit bureau APAC and a senior member of the investment bank’s global credit trading team.

Manulife Investment Management has appointed Jessie Liu as Head of Transactions and Portfolio Management, Real Estate, Private Markets, Asia. In her new role, she will report to Marc Feliciano, Global Head of Real Estate, Private Markets, and join Manulife Investment Management’s Global Real Estate Leadership Team. Since joining Manulife Investment Management in 2019, Liu has led and executed multiple investment transactions across major Asian markets across different property types including logistics, commercial and multi-family. She is based in Hong Kong.

Channel Islands-based financial services firm PraxisIFM Group has appointed Katja Daborn as managing director of its Hong Kong office. Daborn, who has been with the firm for 15 years, leads a team of 15 people. She began her career by obtaining an LLB (Hons) law degree specializing in German law. With prior experience in employment law, Daborn is also experienced in employment law and can speak many languages ​​including English, German and French.

Julius Baer has appointed Wai Meng Loh, a former senior UOB Private Bank official, to lead the Greater China team. Wai Meng Loh is based in Singapore. Wai Meng Loh worked for five years at UOB, most recently as senior team leader for the North Asia market. Prior to that, he worked at the senior management level at AirAsia, Singapore Press Holdings and OCBC Bank.

T Rowe Price has appointed Ramon Maronilla as Bond Portfolio Specialist, based in Hong Kong. Maronilla has joined the firm’s group of investment specialists, which has 46 specialists worldwide. Maronilla reports to Sydney-based Nick Beecroft, head of the investment specialist group for Asia-Pacific. Previously, he spent 11 years at JP Morgan Asset Management, where he was Managing Director and Head of Bond Investment Specialists for Asia-Pacific ex-Japan.

Sumitomo Mitsui Banking Corporation has appointed Tomofumi Watanabe as General Manager and Co-General Manager of Structured Finance Department, Asia-Pacific Division. Watanabe was previously based in Tokyo where he served as Managing Director of the Global Structured Finance Department in Tokyo. He has over 10 years of experience overseeing various structured finance transactions including telecommunications, theme parks, transportation, shipping, energy, power and other infrastructure. Watanabe was also responsible for overseeing the opening of the SMBC office in Silicon Valley, California. In his new role, based in Singapore, Watanabe oversees the bank’s regional portfolio focused on sustainable energy, infrastructure and natural resources. Watanabe, who succeeded Ken Tomisaki, reports to the managing directors and co-heads of the Asia-Pacific division – Yuichi Nishimura and Rajeev Kannan.

BNP Paribas has appointed Stanley Song, a former member of Deutsche Bank, to the newly created position of Head of BNP Paribas Securities Services in China. Song is based in Shanghai and reports to CG Lai, managing director of BNP Paribas China Limited and Franck Dubois, head of Asia-Pacific for BNP Paribas Securities Services. He joins Philippe Kerdoncuff, who headed BNP Paribas Securities Services since 2016 as joint manager. Prior to this role, Song was Head of Securities Services for Deutsche Bank China. Previously, he held senior client management and fund services roles at HSBC, State Street and Standard Chartered in China.

Standard Chartered has appointed long-serving senior executive Sachin Bhambani as head of wealth management for South Korea. Based in Singapore as a life insurance group leader, Bhambani moved to Seoul, South Korea in May. Bhambani reports to Hojune Ryan Chang, Head of Personal, Personal & Commercial Banking, South Korea and Marc Van de Walle, Global Head of Wealth Management.

Bhambani joined Standard Chartered in India in 2000, holding senior positions in Segment Management, Branch Banking, Cash Equities, Bancassurance, Managed Investments and Wealth Lending before moving to Thailand as Head wealth management. He then moved to Singapore to join the group’s wealth management team in 2017 as group head of non-life insurance before becoming group head of life insurance from 2020.

Tim Tu, managing director of Credit Suisse’s joint venture in China, has resigned to pursue other opportunities within the Swiss banking group. Tu has been CEO of Credit Suisse Securities China Limited (CSSCL) since July 2020 after the bank secured a 51% stake in the securities joint venture. Daniel Qiu has been named interim CEO of CSSCL.

Qiu took on this role alongside his current responsibilities as Head of Investment Banking and Capital Markets (IBCM) at CSSCL – a position he has held since October 2020. Joining the bank in Hong Kong in 2010 in As Managing Director of IBCM, Qiu has over 20 years of experience in the global financial services industry, including in the United States, Singapore, Hong Kong and Mainland China.

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