Print this article

Summary Of Executive Moves In Global Wealth Management - March 2013

17 July 2013

Switzerland

The Liechtensteinische Landesbank board nominated Dr Patrizia Holenstein and Peter Fanconi as new members for election by the general meeting of LLB shareholders on 3 May 2013.

Dr Holenstein is the founder and managing partner of Holenstein Attorneys-at-Law Ltd and Fanconi was a member of the group executive management and chief executive of private banking at Bank Vontobel  in Zurich from 2009-2012.

The UBS board of directors will nominate Reto Francioni, chief executive of Deutsche Börse, for election to the board at the Swiss bank’s annual meeting on 2 May. Meanwhile, Wolfgang Mayrhuber announced that he will not stand for re-election on that date.

Francioni had been CEO of the German stock exchange since 2005. Prior to that position, he held roles including that of chairman of the Swiss Exchange in Zurich, co-CEO of Consors, Nuremberg, as well as a member of the directorate of the corporate finance division of Hoffmann-La Roche, Basel.

Swiss private bank Vontobel appointed Jean-Pierre Stillhart as head of private banking for Switzerland. Stillhart is based in Zurich and reports to Georg Schubiger, head of private banking; he takes up the post on 1 October.

Middle East

Citi Private Bank hired Anthony Habis as senior banker and team head for family offices coverage in the Middle East. This was a newly-created role, based in Dubai.

Habis previously worked for Citi's institutional client group as a senior coverage officer, across both private and corporate banking. Before joining Citi, he was an executive partner and chief executive of Al-Khabeer International, focusing on ultra high net worth individuals, multi-family offices and large cap corporates in Saudi Arabia. He had also previously worked for National Australia Bank.

Deutsche Bank appointed Rafik Nayed - latterly interim chief executive of the Libyan Investment Authority - as vice chairman for the Middle East and North Africa.

Nayed serves as a member of Deutsche’s MENA executive committee and will report to Ashok Aram, CEO for that region.

Europe

ABN AMRO appointed Kees van Dijkhuizen as its new chief financial officer. Van Dijkhuizen joins the ABN AMRO managing board on 1 May and takes up the role of CFO on 1 June.

Van Dijkhuizen has been CFO at NIBC Bank since December 2005 and became the company’s vice-chairman in September 2009. Before that, he worked at the Dutch finance and economic affairs ministries, most recently as treasurer-general of the Dutch Ministry of Finance. He was previously director-general of the state budget.

Credit Suisse hired three former JP Morgan employees to its ultra high net worth market group for the UK and international segment. The appointees were Alison Bishop, who joined as a relationship manager, while Shaileen Morjaria and Robert Weeber joined as investment managers.

The trio will work with Matthew Haimes, who is head of its UHNW, market area UK/international segment. He joined the firm late last year, having previously been UK head of the family office solutions group and former head of the European financial sponsors team at JP Morgan.

UK-listed Henderson Global Investors named Anna Sjöberg as an asset manager in its Swedish property team. Sjöberg is based in Stockholm and reports to Johan Åström, head of property, Sweden.

Sjöberg manages Henderson’s Nordic property portfolio, which comprises five retail properties in Sweden and one office asset in Helsinki. She joined from Fortin Properties where she managed the Swedish retail portfolio. Before this she had worked at Jones Lang LaSalle and IKANO.

Deutsche Bank said its private & business clients corporate division in Germany will expand to cover around 11,500 mid-sized firms and public sector clients as part of a re-organisation this year.  The new business division is co-headed by Thomas Rodermann, who is spokesman of the management board of Deutsche Bank Privat- und Geschäftskunden, and Wilhelm von Haller, until recently chief executive of Germany private bank Sal Oppenheim and former co-head of Deutsche’s commercial banking business in Germany.

Cologne-based private bank Sal Oppenheim, part of Deutsche Bank, appointed Wolfgang Matis as chairman of its supervisory board. Matis is a member of the executive committee responsible for the asset and wealth management division of Deutsche Bank. He took over from Dr Carsten Schildknecht, who left Deutsche Bank Group at the end of last month.

At the same time, Joachim Häger was appointed as a new supervisory board member. Häger is a member of Deutsche Bank's executive committee for the asset and wealth management division and has been head of private wealth management at Deutsche Bank since 2007. He is also chairman of the supervisory board of Wilhelm von Fink Deutsche Family Office.

Lyxor Asset Management named Véronique Parizet as head of sales for French and German-speaking Europe. Based in Paris and reporting to Christophe Baurand, global head of sales and marketing, Parizet is responsible for developing business with all of Lyxor’s clients throughout France, Belgium, Luxembourg, Monaco, Germany, Austria and Switzerland.

Carmignac Gestion appointed Ivan Monème to the newly created role of head of communications. Monème reports to Eric Helderlé, managing director and sits on the firm’s strategic development committee.

Monème has 20 years’ experience in corporate communications. He joined from Fidelity Investment Managers where he was executive director in charge of corporate communications for central Europe and Marketing for France.

Deutsche Bank hired Raphael Zagury as head of key client partners and wealth investment advisory for Latin America - a new position at the bank.  Zagury recently left Bank of America Merrill Lynch.

He reports to Dario Schiraldi, the London-based head of the global client group for Deutsche Asset and Wealth Management, and Ben Pace, chief investment officer of wealth management in the Americas.

State-owned Allied Irish Banks appointed Patrick Farrell as managing director of its private bank. Farrell, who will take up his new position in May, is currently head of private banking at Ulster Bank.

UBS named Jonathan Ferrara, who is presently the head of UBS Trustees (Jersey), as the firm’s head of private banking in Jersey, part of the Wealth Management UK and Jersey group. He is responsible for the private clients’ teams and the custody and execution desk.

He joined the Zurich-headquartered firm in 1999 and has been head of the UBS trust business in Jersey since 2000.  Among other changes, David Baker has become a wealth management Jersey desk head, reporting to Ferrara. He has been with the bank for 20 years.

International

Financial services law firm Dillon Eustace appointed Derbhil O'Riordan as a partner in its Cayman Islands office. She previously worked at the firm’s Dublin headquarters and will continue to work for its hedge funds practice, servicing both Irish and Cayman funds.

The wealth management arm of South Africa-based Nedbank hired Darragh Hare as a private banker in its Jersey office, where he works with both private and intermediary clients.

Hare joined Nedbank Private Wealth from AIB Jersey, where he was head of its relationship banking unit with direct responsibility for all aspects of the customer service proposition to a private, corporate and intermediary client base. He brings with him 24 years’ experience in the financial service industry, having worked in Ireland, Isle of Man and Jersey.

HSBC appointed Jayant Rikhye as head of international Asia-Pacific, replacing Guy Harvey-Samuel, who has been appointed chief executive for HSBC Singapore.

Rikhye was previously head of strategy and planning for Asia-Pacific. In his new role, he has direct responsibility over 12 markets in Asia, comprising Bangladesh, Brunei, Indonesia, Japan, Korea, Mauritius, New Zealand, Philippines, Sri Lanka, Taiwan, Thailand and Vietnam.

UBS made two new appointments to its Global Family Office team in the UK. Susan Ward was hired as head of GFO UK, and Simon Leaver joined the firm as a senior relationship manager on the GFO team.

Ward, with more than 22 years' experience in the financial sector, joins UBS in May and will report to Michael Bishop, head GFO and UHNW, UK. She is currently serving at JP Morgan, where she has held a number of senior roles in debt capital markets origination, and management of the firm's global reputation risk office since 2008. In her new role, Ward will work closely with the team in the wider GFO Europe segment through client development and stakeholder management.

Leaver was latterly at UBS Investment Bank, where he was responsible for managing relationships with the firm's largest hedge fund and institutional clients.

DBS Group’s head of wealth management, Tan Su Shan, was promoted to group head of consumer banking and wealth management, taking effect from 15 April this year. Tan has been head of wealth management since July 2010.

Credit Suisse named Martin Keeble as chief executive, president and representative director of Credit Suisse Securities (Japan). He will continue to be based in Tokyo. Keeble is responsible for all the business activities of Credit Suisse Securities (Japan), which includes its private banking and wealth management and investment banking divisions. He reports to Eric Varvel, Credit Suisse’s CEO for Asia Pacific.

UK

The wealth and investment arm of Barclays realigned parts of its wealth advisory business. Its corporate and employer solutions unit became part of the international, intermediaries and direct group, headed by Peter Horrell. The trusts, fiduciary risk and international wealth advisory units formed part of global research and investments (GR&I), headed by Robert Brown.  Under the changes, Rob Withecombe, who headed the wealth advisory business since 2009, left the bank.

Aberdeen Asset Management’s Paul Griffiths, global co-head of fixed income, left the UK-listed firm to “pursue an opportunity elsewhere in the industry.” Brad Crombie, who was appointed as global co-head of fixed income in October 2012, assumed Griffiths’s responsibilities, including those related to client relations and product development.

Stonehage Group, the European multi-family office, appointed the former chief executive of Rothschild Trust Group, David McLellan, as an executive director and head of its London family office. As CEO of Rothschild Trust Group and a member of the executive board of Rothschild Private Bank & Trust, McLellan spent five years based in Zurich. Before this he served as an international tax advisor with Baker & McKenzie in Zurich and Ernst & Young in Melbourne.

Duncan Lawrie Private Bank appointed Robert Armstrong as a non-executive director. Before retiring in 2011 Armstrong had a 20-year financial services career spanning wholesale markets and derivatives, retail banking, life insurance and pension schemes. He began his career at Mellon Bank, rising to become financial controller of its London branch before joining KPMG, where he eventually led the firm’s treasury and risk management consulting practice.

Societe Generale Private Banking appointed Jean Goutchkoff as deputy chief executive of its Swiss arm, recruiting him from HSBC’s private banking operation in the Alpine state. Goutchkoff had worked for HSBC Private Bank (Suisse) since 2007, first as business sector head for Eastern Europe before going on to be appointed as business area head for Central and Eastern Europe in early 2011.

Old Mutual Global Investors, the business born from the merger of Skandia Investment Group and Old Mutual Asset Managers (UK), made another hire from Schroders, appointing Ed Meier as a fund manager within UK equities. Also in March, Schroders’ Richard Buxton and Errol Francis left the firm to join the UK equity team at OMGI. Buxton was appointed as head of UK equities and as such reports to OMGI chief executive Julian Ide. Buxton and Francis are set to leave Schroders on 14 June, but will retain their fund management responsibilities at Schroders until this time. Meier has co-managed the £637.7 million (about $968.8 million) Schroder UK Equity Fund with Francis since 2010 and will also join OMGI in mid-June, reporting to Buxton.

Threadneedle Investments promoted Nick Ring to head of distribution. He replaced Campbell Fleming, who became chief executive on 1 March 2013. Ring has also been appointed to the company’s business executive committee, reporting to Fleming.

Ring joined Threadneedle in 2008 as global head of product, with responsibility for the product development, product management and investment specialist functions.

From mid-2011, he led the firm’s North American distribution, working directly in the marketplace and with Columbia Management, Ameriprise’s US-based asset manager. He has previously worked at Northern Trust, where he was head of wealth management, KPMG, Gartmore and Prudential.

Brewin Dolphin made a number of changes to its board. Jamie Matheson stepped down after eight years as executive chairman; deputy chairman, Simon Miller was appointed as non-executive chairman. David Nicol, previously a non-executive director, was appointed chief executive; Stephen Ford was appointed an executive director, responsible for investment management and reporting to Nicol. As a result of these changes, Henry Algeo, Ben Speke and Sarah Soar stepped down from the board. Each agreed to remain available to “facilitate a smooth transition”. Barry Howard also stepped down from the board, but continues to lead the regulatory and risk functions, reporting to Nicol.

Chairmen were appointed to the three independent panels which will lead the process for constructive challenge of Financial Conduct Authority policies and practices from the point of view of regulated firms. The FCA is responsible for regulation of conduct in retail, as well as wholesale, financial markets and the infrastructure that supports those markets. Practitioner Panel chairman is Graham Beale, chief executive of Nationwide Building Society; Smaller Business Practitioner Panel chairman is Andrew Turberville Smith, finance director and chief operating officer of Weatherbys Bank, a traditional family-owned private bank.

Royal Bank of Scotland's wealth management division, which includes Coutts, appointed Nigel Drury as chief risk officer, this publication has learned. He had been group head of operational risk for the past three years; prior to that, he was head of operational risk in global banking in markets. Before he joined Royal Bank of Scotland, he was head of operational risk of ABN AMRO.

Towry brought in Jamie Hull as a wealth advisor focused on serving dental professionals at the firm's Manchester office. Hull, who joined a team of six advisors in Piccadilly, spent much of his career in the financial services industry advising dental professionals on issues including NHS changes and how these will affect retirement plans, inheritance tax planning and investment management. He spent the past three years as a financial consultant at Wesleyan Assurance Society.

Thomas Miller Investment appointed Abi Oladimeji, its head of investment strategy, as a director. Oladimeji was with the firm from 2006, before which he was a consultant specialising in financial economics.

Kleinwort Benson appointed Raj Hallen as a portfolio manager in its managed funds team. Hallen reports to Leigh Philpot, head of portfolio management – funds. Hallen joined from Premier Asset Management, where he worked as an investment specialist and private client portfolio manager and was co-fund manager of the Premier Alternative Strategies Fund.

UK-based foreign exchange manager firm The ECU Group appointed Yee Har Miller to the newly-created post of head of client services. Miller joined from FundQuest UK, where she was associate director, client services. Miller's responsibilities are shared between ECU’s incipient multi-asset, multi-manager advisory and management arm, and its traditional currency management business.

Baring Asset Management appointed Cora Gibbons as head of product and fund development. Gibbons replaced Katie Bowmar, who left the industry. Gibbons is based in London, reporting to David Stevenson, head of product and business development. She joined from Natixis Global Asset Management, where she was head of the international product group, responsible for all product activities for the global (ex-US) business.

A senior manager at RBC Wealth Management, Tracy Maeter, left the Canadian-headquartered firm to work at JP Morgan’s private bank. Maeter held the post of head of investments, British Isles, at RBC Wealth Management since the summer of 2010. In June 2010, Maeter was appointed by RBC, having previously worked at HSBC Private Bank.

Cordea Savills, the international property investment manager, made two hires to its Nordic investment team, based in Stockholm. Hélène Henning joins as an asset manager and Sofia Sandh as an analyst. Henning joins the firm from Genesta, where she was an asset manager. Sandh joined from Catella Corporate Finance, where she was a transactions analyst. 

Rowan Dartington, the Bristol-based discretionary wealth manager, appointed Richard Campbell as a stockbroker in its Bristol advisory team. Campbell joined from stockbrokers HB Markets. He previously spent two years at accountancy firm BDO and has also worked for ICAP.

KNG Securities, the fixed income house, hired Cedric van Kerrebroeck from Deutsche Bank to develop KNG's coverage of the Benelux region. Van Kerrebroeck worked for seven years at Deutsche Bank, where he held a number of roles within its Belgian operation, latterly as a euro-bond trader responsible for secondary market trading for bonds and structured notes.

City Financial Investment, the London-based independent fund manager, brought in Graham Glass as head of fixed income. Glass previously served as manager of the £52 million ($78 million) City Financial Strategic Global Bond Fund since its re-launch in January 2012 and will continue in this role.

Banque Havilland, the Luxembourg-headquartered, family-owned private bank, appointed Oliver Selwyn as a director of private banking. Selwyn was latterly a private banker within Citi Private Bank’s UK emerging ultra high net worth team. In his new role he will report to Nicholas Parker, Banque Havilland’s chief executive of private banking.

UK-based Sesame Bankhall Group, the network support service for financial advisors, appointed Nick Criticos to its board as an independent non-executive director, subject to regulatory approval. Mike Chadwick left the board after six years as an independent non-executive director.

London-based law firm Macfarlanes named hedge fund lawyer Simon Thomas as a partner within its investment funds group. Thomas specialises in hedge fund formation work and was latterly a partner within the funds team at Akin Gump.

Skandia, the UK investment platform of Old Mutual Wealth, appointed Colin Jelley as head of wealth planning. Jelley will report to Steve Powell, UK sales director for Skandia. Jelley re-joins Skandia after two years at St James’s Place.

Asia-Pacific

ClearView Wealth named a new head of operations and technology. Ton Thomas took on the newly created role and is accountable for operations and information technology across the ClearView business, MLC, the wealth management arm of National Australia Bank, names a new head for its investment management business. Jonathan Armitage assumed overall responsibility for MLC Investment Management as chief investment officer. 

The chairman and non-executive director of Bank of China resigned on 17 March. Xiao Gang resigned from the position which he held since 2003 “due to the need of the state financial work”, the bank said. Xiao has started his new position as chairman of the China Securities Regulatory Commission, taking over from Guo Shuqing.

BlackRock, the international investment management and advisory firm, named a new head of consultant relations for Asia ex-Japan. Patrick O'Donnell assumes this newly-created role and is responsible for developing and managing relationships with investment consultants in the region. O'Donnell joined the firm from BNP Paribas Investment Partners, where he held various roles in Paris and Hong Kong. 

Edelweiss, the Indian financial services group, bolstered its wealth management offering with a new head. Ambareesh Beliga took the role of managing partner for global wealth management, bringing with him some 28 years of industry experience.

Credit Suisse appointed a new chief executive, president and representative director of Credit Suisse Securities Japan. Martin Keeble is responsible for all the business activities of Credit Suisse Securities Japan encompassing its private banking and wealth management, and investment banking divisions. He is based based in Tokyo and reports to Eric Varvel, Credit Suisse’s CEO for Asia Pacific.

Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial, strengthened its Asia-Pacific business with a new appointment. Morgan Laughlin is now head of the Asia business, responsible for the firm's operations and strategy in Asia-Pacific. Based in Tokyo, he took the reigns over from Victoria Shigehira Sharpe.

Standard & Poor's Ratings Services, the international financial services ratings agency, appointed a new chief economist for Asia-Pacific. Paul Gruenwald is based in Singapore, reporting jointly to Paul Sheard, the chief global economist and head of global economics research, and Yu-Tsung Chang, the executive managing director and head of Asia-Pacific. 

Sidley Austin, the international law firm that deals with financial services firms, recruited a new partner in Singapore. Han Ming Ho specialises in investment funds, covering the structuring and formation of funds for private equity clients, hedge funds and venture capital firms. As part of this role, he also serves as co-head of the company's Asia practice alongside Effie Vasilopoulos, the partner for Hong Kong. 

Religare Capital Markets, the Asia and India-focused capital markets firm, appointed a new advisory head based in Singapore. Nik Zairidin is now vice president of advisory, responsible for overseeing the corporate finance team, including merger and acquisition origination and execution. In this role, he reports directly to Jason Barakat-Brown, the head of advisory.

Citi has appointed a new regional head of client sales management for the financial institution segment in Asia Pacific for securities and fund services. Jervis Smith is responsible for managing sales and client coverage teams across the SFS business in 17 markets in Asia Pacific, reporting to David Russell, regional head, Asia Pacific for securities and fund services, and Dirk Jones, global head financial institutions.

DST Global Solutions, the financial services technology provider, appointed John Hogan as regional Anova solution manager for Australia and New Zealand and Daniel Kennedy as regional Anova solution manager for Asia. The Anova system delivers post-trade investment data management, analytics and reporting capabilities. Hogan is based in Melbourne, while Kennedy works from Singapore. Both report to Julian Webb, global head of data management and analytics.
 
Edison Investment Research, the international research house, named Will Corkill as managing director and head of the Asia-Pacific team, based in Sydeny. Corkill was previously an institutional equity sales and account manager at the Commonwealth Bank of Australia. In this new role, he manages seven Asia-Pacific analysts while working closely with global teams in Europe and North America.
 
The Monetary Authority of Singapore appointed Quek See Tiat to its board of directors with a tenure of 1 March 2013 to 31 May 2015. Quek is the chairman of the Building and Construction Authority and is also a board member of the Energy Market Authority and Neptune Orient Lines Group. He assumed the seat previously occupied by Lucien Wong, who stepped down in February 2013. 
 
Former Lonsec Limited managing director John Graham has pleaded guilty to two charges of insider trading. According to the Australian Securities and Investments Commission, Graham sold some 200,000 shares in Clean Seas Tuna across two client accounts. Clean Seas was suffering a financial loss.
 
China Renaissance Securities named Jason Lam as managing director and head of equity capital markets, based in Hong Kong. Lam was previously the co-head of technology coverage for Asia at Credit Suisse. Before that, he was with UBS Investment Asia's technology unit. He now reports to Frank Au, president.
 
Australia's ClearView Wealth, not related to ClearView Media Publishing, announced a series of senior appointments to build its life insurance, wealth management and financial planning businesses. Elliot Singfield was named head of direct, while Mike Pope was appointed head of the financial advice firm. Other appointments included Jason Jones as national sales manager for wealth management, Kellie Byrne as business development manager for New South Wales and Rob McPherson as state manager for Western and Southern Australian.
 
Australian wealth manager Centric Wealth strengthened its board with the appointment of Bonnie Boezeman AO as director. Boezeman was the former chairperson of PayPal and director of Urban Growth NSW. 
 
Government of Singapore Investment Corporation announced a string of appointments for itself and its asset management arm. Dr Jeffrey Jaensubhakij was relocated from London to Singapore to become the president of GIC Asset Management, replacing Lim Chow Kiat. Lim Kee Chong, currently the deputy president of GAM and director of global equities, also took a new role as deputy group chief investment officer of GIC. Ang Eng Seng was named president of the Europe office.
 
Hong Kong's Securities and Futures Commission has slapped a lifetime ban on Du Jun, former managing director of Morgan Stanley Asia, from providing financial services for his illegal dealings related to the shares of CITIC Resources Holdings. Du Jun was licensed by under the SFC to carry on Type 1 regulated activities and was accredited by Morgan Stanley from 12 February 2004 to 5 June 2007. The SFC said he is not a "fit and proper person" to be licensed.
 
The Australian Securities and Investments Commission has permanently banned former Astarra Asset Management director Eugene Liu from providing financial services for his failure to comply with financial services laws. The ban is related to his work in collapsed firm Trio Capital, which was placed into liquidation in December 2009. AAM was the investment manager of Astarra Strategic Fund, which had Trio as its responsible entity.  
 
Alternative investment manager Gen2 Partners rebranded itself following its split with its South Korea-focused fund arm. Kyle Shin parted ways with founders Paul Heffner and Barry Lau in January 2013 to manage the KS Asia Absolute Return Fund and assume leadership of the rebranded entity Adamas Asset Management. Heffner and Lau will continue operating under the Gen2 Partners name. The two parties said the split was amicable and that they are working out an arrangement that will allow Shin's fund to continue trading under the Gen2 Partners brand. 
 
Mesirow Financial Hong Kong, the local subsidiary of Chicago-based Mesirow Financial Holdings, appointed Chae-Joo Lee as head of Korea, to focus on client service and business development activities in the area. This is a newly-created position. Lee will be based in Hong kong and deal with Korea and North Asia affairs.
 
RBC Investor & Treasury Services, a part of Royal Bank of Canada, named Andrew Gordon as head of investor services for Hong Kong and North Asia. Gordon most recently worked at BNY Mellon, where he was an executive vice president and head of alternative and broker dealer services for Asia-Pacific. He is based in Hong Kong, reporting to David Travers, head of investor services Asia-Pacific. Brent Reuter, whom Gordon replaces, was appointed head of investors services US, based in New York.
 
Daiwa Securities, one of the largest securities brokerage firms in Japan, announced changes to its senior management team. Effective 26 June 2013, Saburo Jifuku, Masaru Shirataki and Hiroki Tsuda become senior managing directors and board members, to replace Takatoshi Wakabayasahi, Toshihiro Onishi and Koichi Uno who will be retiring. Wakabayashi moves on to beocme president of Daiwa Securities Business Centre and president of Daiwa Pension Consulting, while Onishi is to become the executive managing director and EMD of Daiwa Securities. The other changes include Hiroshi Nakamura, senior EMD, to become deputy president, Masaaki Goto, Toshihiko Onishi, Mikita Komatsu, Keiko Tashiro, Masahisa Nakagawa and Tetsuo Akuzawa as EMDs (corporate executive officers) and Masaru Shirataki, Takayuki Sawano, Yoshihisa Kaneko and Atsushi Mochizuki as senior managing directors. 
 
UK consulting firm IMS Group and HedgeOp Compliance name Jonathan Currie as head of its newly-established branch in Hong Kong. The Hong Kong arm is the firms' first Asian office and will provide localised support to hedge funds, wealth managers and alternative investment managers engaged in Asian markets. HedgeOp Compliance merged with The IMS Group in early 2012.
 
The head of investment strategy at UBS' wealth management arm in Australia has left. George Bourbouras is currently on gardening leave and is "unlikely to be replaced," said the company.
 
Gerard Doherty, country head of Fidelity Investment Australia, resigned after five years at the company. In the meantime, Mark Talbot, managing director for Asia-Pacific ex-Japan assumes the post until a replacement is named. The company said Doherty's departure is a private matter and declined to provide details.
 
BNY Mellon named a new president and a new chairman for its Japan operations. Shizu Kishimoto is now representative director and president of BNY Mellon Asset Management Japan, taking over from Shogo Yamaguchi, who was named representative director and chairman of the company. Based in Tokyo, both report to Alan Harden, chief executive of the Asia-Pacific investment management unit. The appointments come as BNY Mellon moves to strengthen its business offerings in Japan in the next three years. 
 
Simmons & Simmons, the international law firm that deals with financial institutions, named Dan Marjanovic as a banking partner in Hong Kong, to focus on the South East Asian market. Marjanovic joined the firm from Norton Rose Australia, where he was a partner and national team leader of the banking and finance team. He specialises in advising banks, sponsors and corporate borrowers on cross-border financings in Asia and Australia. He will be relocated to the Singapore office when the firm obtains its license to operate in the city-state.
 
Manulife Financial bolstered its Asian business by naming Philip Hampden-Smith as executive vice president and cheif marketing officer for the region. Hampden-Smith joined the company in 1996 as president and CEO of investment operations in Hong Kong before becoming EVP and general manager for South East Asia in 2006. In this new role, he is responsible for 11 territories across Asia.
 
Hong Kong's Securities and Futures Commission has banned former Morgan Stanley Asia research associate Calvin Ho Kei Him from re-entering the industry starting 12 March 2013 to 11 May 2014. Ho had been found to have made false and misleading declarations and failed to disclose pertinent information with the regard to the accounts related to him. The issues were identified during his time employment, from 2009 to 2011.
 
HSBC Private Bank announced Teddy Kwong as the new business head in Hong Kong for global private banking. Kwong is not replacing anyone, the firm said, and repots to Berand Rennell, North Asia CEO for global private banking and global head of private wealth solutions. He has been with the firm for 25 years, mostly working with families on the corporate side. 
 
BNP Paribas Real Estate, the property arm of French giant BNP Paribas, launched two new platforms in Hong Kong and Singapore in a bid to boost Asian investment into European real estate. Three appointments were announced. Mark Kumarasinhe was named managing director for North Asia, based in Hong Kong. Mathieu Brummer was appointed deputy head for Hong Kong, reporting to Kumarasinhe. Meanwhile in Singapre, Yo-Han Tan was named managing director of South Asia, reporting to Jean-Pierre Bernard, CEO for Singapore and regional head of South East Asia. 
 
Mercer, the international investment consulting firm, has realigned its management teams across various businesses. Tim Jenkins was named regional business leader for investments and retirement for growth markets; Deborah Bannon is now investments market business leader for Greater China; Garry Hawker was named director of consulting for growth markets; while Michelle Ng was promoted to head of advisory for Greater China. The reorganisation is part of the new Growth Markets organisational structure which was created in January 2013.
 
ABN AMRO Private Bank appointed Ian Pollock to head its North Asia team. Pollock takes up this role starting 13 May 2013 and will be based in Hong Kong, where he will be responsible for running and developing the firm's Asia private banking business. He most recently served as CEO for VP Bank in Asia. 
 
Steve Tucker, chief executive of MLC & NAB Wealth, has left the firm after 25 years in service. He is replaced by Andrew Hagger, current group executive of people, marketing and communications, as group head. 
 
Presima, the boutique fund manager aligned with National Australia Bank, announced Peter Zabierek as its new chief executive. He takes over from Nick Basile, who has been acting CEO since April 2012. Basile remains a board member. Prior to Presime, Zabierek as managing director and co-head of global real estate securities at Urdang Capital Management in Philadelphia.
 
Investment house AMP Capital appointed Andy Peng to the newly created role of portfolio manager/analyst in its Hong Kong-based Asian equities team. Peng covers the telecoms, utilities and healthcare (Pan Asia) and consumer discretionary (ex-Greater China) sectors, after previously serving as investment analyst at Ward Ferry Management in Hong Kong. AMP relocated its Asian equities team to Hong Kong in September 2012 to manage its Pan Asia and China A share portfolios.