People Moves
Summary Of Wealth Management Executive Moves - November 2012

BNY Mellon strengthened its Hong Kong
operations with the hire of Fred DiCocco as head of sales and
relationship
management, treasury services, for Asia-Pacific. DiCocco became
part of BNY
Mellon in 1998 and has held a number of senior roles in trade and
payments
since relocating to Hong Kong in 2006. His
most recent role was as treasury services Asia-Pacific market
manager.
Northern Trust expanded its tax solutions capacity in Australia
and New Zealand with the appointment of
Zaf Kardaras as tax manager, supporting financial and tax
reporting for clients
in the funds management and superannuation industries. Based in
Melbourne, he leads a
team of 60 professionals specialising in fund accounting, unit
pricing,
financial reporting and tax. He joined from
PricewaterhouseCoopers.
Citi Hong Kong announced Weber Lo as the new country officer and
chief
executive for Hong Kong and Macau, effective 1
January 2013. Lo assumes the lead role, replacing Shengman Zhang,
who will
continue his role as co-chairman for Citi Asia-Pacific. Lo is
currently the
head of the consumer banking business in Hong Kong and Macau,
covering retail banking, investment, insurance, credit card and
consumer
lending, as well as commercial banking.
Coutts, the private bank, continued its run of top-rank hires
with the
appointment of Joseph Lam as managing director and head of the
private office
North Asia, based in Hong Kong. The role is a
newly created position. Lam joined from Merrill Lynch.
Bell Asset Management, the Australian investment management
firm,
strengthened its senior management roster with three
appointments. Jessica
Grant is now head of business development, Jack Osborn is now an
equity
analyst, while Farhaana Desai is compliance manager. Grant joined
BAM after
serving a similar role with Macquarie Group and brings seven
years of financial
planning experience to the firm. Osborn used to be with Macquarie
Private
Wealth, while Desai held a compliance and governance post at UCA
Funds
Management.
Franklin Templeton Investments bulked up its advisory services
team by
appointing Matthew Hattersley to the role of northern region key
account
manager based in Sydney.
Hattersley previously worked for the likes of Invesco, Credit
Suisse, Bridges
Financial Services and BT Funds. In this new role, he is
responsible for
national key accounts and dealer groups partnerships in New
South Wales, the ACT and Queensland.
Manulife International appointed Steve Chiu as vice president
for
investment funds, Hong Kong. Chiu joined the
firm from Bosera Asset Management, where he was managing director
for of
the Hong Kong business. Before that, he was managing director
at AIA Wealth Management. He now reports to Michael Huddart,
executive
vice
president and chief executive of Hong Kong.
Northern Trust named financial services veteran Bo Kratz as
managing
director for the Asia-Pacific asset management business. Kratz
used to work for
Permal and ABN Amro Asset Management in Hong Kong and Singapore.
In
his new role, he leads the $50 billion Asia-Pac asset management
team and
reports functionally to Wayne Bowers and locally to Teresa
Parker, chief
executive for Asia-Pacific.
Credit Suisse cut a number of roles in its asset management
operations
in Singapore,
including some high-ranking executives. The bank did not expand
on specific
roles or give names, but WealthBriefing Asia can confirm that
several people
will be leaving. Credit Suisse declined to comment on the issue,
but said that
any changes will not affect the manufacturing of products.
Coutts, the UK-headquartered private banking and wealth
management
firm, appointed Ray Chan as executive director, head of
Philippines.
Chan previously worked for Morgan Stanley in Hong Kong,
where he was responsible for building an offshore Philippine team
targetting
the ultra-high net worth market. He now reports to Ignatius KK
Chong, head of Hong Kong.