<blockquote>Welcome to the latest edition of our "Top Ten Popular People Moves" article series, where we delve into the dynamic world of Wealth & Asset Management during the month of July 2023. In this months spotlight, we explore the captivating landscape of this sector, showcasing the most noteworthy individuals who have been making waves across various sub-sectors. From the strategic minds guiding Fund Management to the innovative strategists in Hedge Funds, Private Equity visionaries, Public Fund leaders, and the trailblazers in Wealth Management, these movers and shakers have been shaping the industrys trajectory. Join us as we uncover the impactful transitions, appointments, and changes that have kept the industry buzzing throughout the past month..</blockquote><div> </div><div> </div><h1>1. EFG International AG Strengthens Asia Team for Growth</h1><blockquote>EFG International AG has revamped its Asia Pacific management, appointing new market heads to drive regional growth. Oliver Balmelli becomes the market group head for independent asset managers and international private banking, Timothy Lo for ultra high net worth clients, Jessica Ng for Hong Kong, and Yu Jin Tay for Southeast Asia. Immediate effectiveness to boost EFGs regional growth strategy.</blockquote><div> </div><h1>2. UBS Appoints LH Koh as Head of Asia-Pacific Family Office</h1><blockquote>UBS has named LH Koh as the exclusive Head of the Global Family Office Unit for Asia-Pacific, in an internal restructuring. Koh, previously Co-Head of Global Family and Institutional Wealth, brings a decade-long tenure at UBS and extensive leadership in family office business. Meanwhile, Tommy Leung departs after 20 years.</blockquote><div> </div><h1>3. HSBC Strengthens Middle East Presence with Key Hires</h1><blockquote>HSBC is enhancing its Middle East wealth business by recruiting Patrick DAmic, a former Credit Suisse Strategic Client Partner, and Aladdin Hangari, ex-CEO of Credit Suisse Qatar. The strategic moves demonstrate HSBCs commitment to expanding its Middle East presence and enhancing wealth management capabilities, positioning the bank for continued success in the region.</blockquote><div> </div><h1>4. Dymon Asia Capital Expands Team and Funds Globally</h1><blockquote>Singapores Dymon Asia Capital bolsters its team by recruiting 24 portfolio managers, including former Goldman Sachs MD Jaewon Yu, ahead of a $1 billion fund raise. With $4 billion assets managed, the hedge fund plans a Mumbai office launch to complement its Singapore, Hong Kong, and Tokyo locations. Deputy CEO Kenneth Kan targets 2024 fund raising completion, ramping up efforts internationally from September, including trips to the US, UK, and Japan.</blockquote><div> </div><h1>5. BlackRock Appoints Mandy Lui as Head of Greater China Wealth</h1><blockquote>BlackRock, the worlds largest asset manager, has selected Mandy Lui as the Head of Greater China Wealth. With over two decades of financial services expertise, Mandy will lead BlackRocks expanding wealth operations in the region, overseeing mutual funds, private wealth, and institutional services. This appointment aligns with BlackRocks strategic focus on strengthening its presence in Greater China.</blockquote><div> </div><h1>6. Scotiabank Appoints Jacqui Allard as Group Head of Wealth Management</h1><blockquote>Scotiabank has announced the appointment of Jacqui Allard as Deputy Head of Global Wealth Management, effective from September 1, 2023. She will later assume the position of Group Head on January 1, 2024. Previously at RBC, Jacqui held executive roles, overseeing areas like wealth management solutions, client experience, and strategy. Her extensive experience spans globally across various financial institutions.</blockquote><div> </div><h1>7. Newton Investment Management Appoints Ella Hoxha as Head of Fixed Income</h1><blockquote>Newton Investment Management, a part of BNY Mellon IM, has chosen Ella Hoxha as the new Head of Fixed Income, succeeding Paul Brain. Brain will transition to the role of Deputy CIO of the multi-asset team, retaining portfolio management duties. Hoxha, previously at Pictet Asset Management, will enhance Newtons fixed income offerings, collaborating with the team.</blockquote><div> </div><h1>8. Warburg Pincus Appoints Jeffrey Perlman: Future CEO Successor</h1><blockquote>Private-equity firm Warburg Pincus has named Jeffrey Perlman as president, positioning him to succeed CEO Chip Kaye. Perlman, currently heading Warburgs Southeast Asia and Asia real estate division, will move from Singapore to New York. He will take over from Timothy Geithner, while Geithner becomes chairman. Perlmans selection is based on his investment expertise, global outlook, and alignment with the firms values, ensuring a gradual transition in leadership.</blockquote><div> </div><h1>9. HSBC Swiss Private Bank Strengthens Team for EMEA and Asia Growth</h1><blockquote>HSBCs Swiss private bank is enhancing its team with strategic hires, focusing on the EMEA and Asia regions, including northern Europe and Saudi Arabia. The banks Swiss private banking sector, now HSBCs largest European booking center with $153 billion in assets, has seen substantial growth. Noteworthy appointments include Juan Antonio Roche, head of distribution, and Esty Dwek, head of investment counselors. These moves align with HSBCs aim to expand in Switzerland and bolster its global private banking presence. The bank also leverages its Asian presence to bridge regions, appointing Neil De Sousa and Klara Chan for key roles. Further additions to the team underscore HSBCs commitment to seamless client access to international markets.</blockquote><div> </div><h1>10. Partners Group Appoints Toby Mannock as Managing Director for Australian Private Equity</h1><blockquote>Partners Group, a prominent global private markets investment manager, has named Toby Mannock as Managing Director and Head of Private Equity Australia. In this new role, effective from July 24, Toby brings his extensive background in corporate advisory, institutional finance, and military service to the firm. With experience at ANZ, Renaissance Capital, and British Armys Parachute Regiment, Tobys expertise strengthens Partners Groups capabilities. The firms strategy includes pursuing 1-2 direct private equity investments annually in Australia and New Zealand, under Tobys leadership from Sydney.</blockquote>

BlackRock

Dymon Asia Capital

HSBC

Newton Investment Management

Partners Group

Warburg Pincus

HSBC Private Banking

Scotiabank

EFG International

HSBC Global Banking and Markets

Partners Real Estate

TALNT Insights

Top 10 Popular People Moves in the Wealth & Asset Management Sector - July 2023

Top 10 Popular People Moves in the Wealth & Asset Management Sector - July 2023

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