Henderson names Singapore retail head, Gaw hires US president, StanChart creates RMB coverage team, Coutts hires China desk head
Tag : coutts
The private bank has named David Lam to lead its teams in Hong Kong, Greater China and the Philippines. He succeeds Ignatius Chong, who will focus on his role as HK market head.
Amid signs of a rising appreciation of asset allocation, the Hong Kong market heads of two private banks step up marketing to the city’s underpenetrated high-net-worth community.
Andrew Gordon leaves BNY Mellon, Principal rehires PMs, BNPP names senior wealth exec, Cordea Savills hires in Asia, and Coutts appoints new business heads.
The private bank further boosts its Asia products and services team with a Credit Suisse exec, and is hiring in compliance and risk. But there have been recent departures too.
First State reshuffles responsible investment team, Dymon names CEO, Coutts adds in tax and wealth structuring, Amundi names VP of China institutional sales, and Hyperion hires a new dealer and analyst.
The recruitment of Gary Dugan in Singapore forms part of a hiring spree in the firm's products and services team that is set to continue.
It continues to rebuild by hiring the ex-head of private bank sales from HSBC to run Asia products and services out of Hong Kong.
The UK private bank continues its rebuilding process in the region with three senior hires in Singapore.
The firm is to appoint an ex-UBS investment bank vice-chair, with another UBS hire expected. Also, RBC Wealth Management buys Coutts businesses with combined client assets over $2 billion.
The Swiss private bank has been hiring feverishly in the region, but may find it harder to attract talent down the road.
As it rebuilds its team in Asia, the UK firm becomes the latest private bank to relocate a top-level executive, Nick Cringle, to the region. It has also hired Manfred Liechti as head of Southeast Asia.
