People Moves
Summary Of Executive Moves In Global Wealth Management - April 2013

Coutts, the
private bank, appointed David Lam as managing director and head
of North Asia,
effective from 29 May, having previously worked at GAM, the
investment house,
in Hong Kong. Ignatius (Iggy) Chong, who was
overseeing the North Asia function on an interim basis, will now
focus on his
roles as market head, Hong Kong and chairman
of the Coutts Institute Asia.
Citi is
stepping up efforts to grow its trust business in Hong
Kong with the appointment of a new chief executive for
CitiTrust.
Stewart Aldcroft assumes the role of chief executive to lead the
CitiTrust team
in developing new initiatives and growing its client base in
Asia-Pacific. He
reports to David Russell, regional head for securities and fund
services
Asia-Pacific.
Standard
Chartered strengthened its Hong Kong/China research capability
with a new head.
Dorris Chen joins as head of China
financials research after holding a similar position at BNP
Paribas. She also
previously worked at China International Capital Corporation,
where she covered
the China
insurance market.
Income
Partners, the Hong Kong-based asset management firm, lost one of
its senior
executives following a realignment effort that will have the
company focus on
liquid credit strategies. Jiffriy Chandra stepped down as
partner, having been
with the company since 1998. He used to lead the firm's private
capital
initiative, which has been scrapped in favour of increased focus
on its core
liquid business. Chandra has moved on to create a new private
capital business,
TransAsia Private Capital, with Eddie Wong, the former CEO of
Hong Kong's
Winnington Capital.
OCBC saw its
head of financial institutions credit risk management switch over
to its
private banking arm, Bank of Singapore, at the same time bagging
a top-level
promotion. William Shak joined Bank of Singapore earlier this
year as its
global chief risk officer, replacing Leander Jansen, who left for
personal
reasons.
Scott Duncan at Sarasin was promoted to vice chair client
advisory,
from his previous role of managing director at the bank.
Manulife
Financial bolstered its growth strategy in Asia with four
senior
appointments
at its Singapore
business. John Curtis is now senior vice president and chief
distribution
officer for Singapore,
responsible for overseeing agency distribution, partnership
distribution
in
bank and financial advisory channels, training and quality
assurance. KK
Loo assumes the role of chief agency officer, after
serving
as chief of the accident and health business for Manulife
Singapore. He
reports to Curtis.