Managers of Wealth Asia Pacific

Japan Megabanks Break Glass Ceiling for Foreign Managers

Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit.

Maybank appoints new head of global banking

He is a Fellow of the Institute of Chartered Accountants, England and Wales, and holds a Bachelor of Science Economics (Accounting and Finance) from London School of Economics.

Head of international private bank sales team moves on

The Asian team will now report to Albert Tse, head of intermediary distribution for South East Asia.

FSC: Appoint an ASIC commissioner for international issues

The Financial Services Council has called on the Financial System Inquiry to consider the appointment of a new ASIC commissioner to deal with international regulatory issues and for an agency to be established to coordinate and promote financial services.

Threadneedle opens office in Korea

As chief representative for Korea, he will be responsible for developing client relationships, although the Hong Kong office will remain responsible for sales in the country.

Stockbroker CLSA appoints new country for Australia

A spokesperson confirmed the change, with a statement to follow shortly.

Australia: CIMB execs depart

The pair handed in their resignations yesterday, sources said.

Asset management arm of Prudential appoints new CEO for Japan business

The asset management arm of Prudential Corporation Asia, appointed Tsukasa Sekizaki as president and chief executive of Eastspring Investments Japan.

Duo exits EFG to set up external asset manager

Two EFG executives, including the Asia head of investments of the funds arm, are leaving the Swiss bank to set up an external asset management business next month.

Schroders sees private bank sales head depart

Two sales executives recently left the UK asset manager, including its Asia head of private bank distribution. This continues the trend for turnover among fund sales teams.

HSBC's Mahbub Rahman moves to Malaysia as commercial banking head

Mahbub will report to Noel Quinn

Mariner chairman resigns

Mariner Corporation Limited chairman Don Christie has resigned, effective today

RBC Wealth Management hires MD and co-head North Asia brokerage, futures

He has 20 years of experience in banking, the company said.

KKR names Indonesia head

KKR has named Jaka Prasetya as a managing director to lead its Indonesia coverage as part of its push to beef up its Southeast Asia team.

Frontier makes three key appointments

She has been at Frontier since 2005, with a two-year break, during which she worked at Watson Wyatt in London.

Voya appoints head of emerging market debt

He will be responsible for directing the fund manager's investment strategy across all fixed income asset classes in emerging markets including sovereign and corporate debt, macro analysis, country research, sovereign risk, currencies.

Former ASIC and ASX exec takes on IRESS chair

Dunai first announced his intention to leave the board at the group’s annual general meeting on 1 May at which D’Aloisio’s appointment was also announced with a start date to be decided.

Shenzhen developer Hydoo fires chairman, appoints brother

Hydoo International, a Shenzhen-based developer of commercial trade and logistics centres, has fired chairman Wong Choihing a month after it was confirmed that he was being investigated by the mainland authorities

LCH.Clearnet Appoints Head of SwapClear Australia

He was previously the director of SwapClear business change in the firm's London office, having joined LCH.Clearnet in 2009 as senior manager for over-the-counter clearing, risk and operations.

China AMC general manager quits

China AMC was the second largest asset manager in the country

Executive Moves