<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

<div><strong>Gender diversity almost doubles year-on-year as hiring drops overall<br></strong></div>
<blockquote>This inSights report reviews the biggest hiring trends within senior roles globally in the Markets sector from the perspective of gender diversity. What year-on-year trends will we see and how significant are they for the year ahead? </blockquote>
<div> </div>
<div><strong>Gender diversity in senior hires has increased by 12.6 points globally year-on-year, driven by EMEA and Americas</strong> <br>
<figure class="attachment attachment--preview attachment--png" data-trix-attachment="{" data-trix-content-type="image/png" data-trix-attributes="{"><a target="_blank" href="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVuakZoTHdxUjdEYUZHTXNFYU5zajA4V1R0aVkwUzJNSXVCdFFMVDFoZGZHSGpFSUpqSWt3NlpZVklLYUFZcm1LS2VxZmwzYzR2NXF3V2NUdWROMUxmbVk9"><img src="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVuakZoTHdxUjdEYUZHTXNFYU5zajA4V1R0aVkwUzJNSXVCdFFMVDFoZGZHSGpFSUpqSWt3NlpZVklLYUFZcm1LS2VxZmwzYzR2NXF3V2NUdWROMUxmbVk9" width="940" height="483"></a>
<figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">139.86 KB</span></figcaption>
</figure>
</div>
<blockquote>From a low base of 14.3%, the proportion of female senior hires in Markets almost doubled to 26.9%, driven by marked increased in EMEA and the Americas in Q1 2023 compared with the same period last year. </blockquote>
<div> 
<figure class="attachment attachment--preview attachment--png" data-trix-attachment="{" data-trix-content-type="image/png" data-trix-attributes="{"><a target="_blank" href="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVuaGpFL3dmSTFTbXM3UzZJMG1ZbzRZc0VPMW1leVlYcEdNeHYxTGo3NFJKR2FQdnp3OUZCQ2ptaldQYXNlejJnaTVLeXBtY1VIVzBzN0pNQS9JZlpzc0U9"><img src="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVuaGpFL3dmSTFTbXM3UzZJMG1ZbzRZc0VPMW1leVlYcEdNeHYxTGo3NFJKR2FQdnp3OUZCQ2ptaldQYXNlejJnaTVLeXBtY1VIVzBzN0pNQS9JZlpzc0U9" width="940" height="608"></a>
<figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">143.02 KB</span></figcaption>
</figure>
</div>
<blockquote> Looking at the charts above, we can see clearly that the gender hiring gap decreased in Q1 2023. This reflects a common statistical issue we see frequently in multiple sectors, whereby when overall hiring increases, the gender hiring gap tends to get bigger, while it gets smaller during periods of low overall demand. This appears to be the same pattern we see repeated above. In Q1 2022, female hiring failed to keep pace with hiring amongst senior males, while in Q1 2023 the two stayed fairly constant throughout the period. </blockquote>
<div> 
<figure class="attachment attachment--preview attachment--png" data-trix-attachment="{" data-trix-content-type="image/png" data-trix-attributes="{"><a target="_blank" href="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVua0o3QTFjaVVVYmVUV2N6NlUxYUczcUxvQWFNMERYSHVGOVhXbFEraTgyODVteHhRU3JnVm9hUURtMXgzL0JnYWEzaFQyWVAxMmhrYTVycGpTMHVDcE09"><img src="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVua0o3QTFjaVVVYmVUV2N6NlUxYUczcUxvQWFNMERYSHVGOVhXbFEraTgyODVteHhRU3JnVm9hUURtMXgzL0JnYWEzaFQyWVAxMmhrYTVycGpTMHVDcE09" width="940" height="630"></a>
<figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">195.61 KB</span></figcaption>
</figure>
</div>
<blockquote>A glance at the regional charts above shows the much smaller gender hiring gap in all region in Q1 2023 compared with the same period the year before.  </blockquote>
<div> </div>
<div><strong>Which subsectors performed best in terms of gender diversity in Q1 2023?</strong><br>
<figure class="attachment attachment--preview attachment--png" data-trix-attachment="{" data-trix-content-type="image/png" data-trix-attributes="{"><a target="_blank" href="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVub1BFdDh5QWJmbjdwY0FRbUJBejFZT3pyU0E0a1QrQmIzQWpReHRYNS9TY3IwTkR6RzNvS29CZEs2emxvbysyRFRUMlNHRTJ6T2dXV1I3eXY3ak5jOVU9"><img src="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVub1BFdDh5QWJmbjdwY0FRbUJBejFZT3pyU0E0a1QrQmIzQWpReHRYNS9TY3IwTkR6RzNvS29CZEs2emxvbysyRFRUMlNHRTJ6T2dXV1I3eXY3ak5jOVU9" width="940" height="292"></a>
<figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">75.84 KB</span></figcaption>
</figure>
</div>
<blockquote>When we look at the individual subsectors, the trends are a mixed. While Fixed Income and Credit hired more senior female talent than male in Q1 2023, and there was also a significant percentage increase in senior female appointments in Prime Services and Brokers, there were no senior female appointments at all in Foreign Exchange or Equities – not according to the data available to TALNT.  </blockquote>
<div> </div>
<blockquote>Even within the Prime Services and Brokers subsector, the increase in the proportion of female appointments is due mainly to the sharp decline in senior male appointments. Never-the-less, it looks like clear progress in some respects, which is worthy of note.</blockquote>
<div> 
<figure class="attachment attachment--preview attachment--png" data-trix-attachment="{" data-trix-content-type="image/png" data-trix-attributes="{"><a target="_blank" href="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVucDFKSXZDY2d5ZFlsL2VUYVZqTnMzTytJZmtGZXVqOHVzQlpkN1NHNDl0cjBSbFFrSzhBdUNwcWhjVVJNbU1PdHBPSHFmcndqemR1T1hzRjA4aW4wLzg9"><img src="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVucDFKSXZDY2d5ZFlsL2VUYVZqTnMzTytJZmtGZXVqOHVzQlpkN1NHNDl0cjBSbFFrSzhBdUNwcWhjVVJNbU1PdHBPSHFmcndqemR1T1hzRjA4aW4wLzg9" width="940" height="278"></a>
<figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">88.55 KB</span></figcaption>
</figure>
</div>
<blockquote>The percentages charts above reaffirm the trends already discussed, and it’s notable that female hires were more evenly spread across subsectors in Q1 2022, compared with being more concentrated in just three subsectors in Q1 2023.
<figure class="attachment attachment--preview attachment--png" data-trix-attachment="{" data-trix-content-type="image/png" data-trix-attributes="{"><a target="_blank" href="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVudWtxN0wwajk5S2srUmxKdTdBMG5VTHVZNjVrRVk5V2xFZmErMnRkQWRjU1FkVnp5SUdYclByZDVub1ZFN0RFUFJibDlkRTV4Y0NTUjFLQlJORWtweEk9"><img src="https://api.talnt.sh/v1/images/MjM0MHQvYldDNjJzMEtmSCs5YlVudWtxN0wwajk5S2srUmxKdTdBMG5VTHVZNjVrRVk5V2xFZmErMnRkQWRjU1FkVnp5SUdYclByZDVub1ZFN0RFUFJibDlkRTV4Y0NTUjFLQlJORWtweEk9" width="940" height="391"></a>
<figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">93.71 KB</span></figcaption>
</figure>
Looking at gender diversity within the top 10 most popular positions does seem to suggest that the top roles remain very much a male preserve within Markets. As a result, once the overall hiring numbers start to increase, we expect to see the gender hiring gap increase once more and overall gender diversity decline. This trend is unlikely to end until we seem more women being appointment to the top roles in the sector.</blockquote>

Gender Diversity Within Senior Moves in Markets, Q1 2023

<h1>Top 10 Moves within Banking Industries in May 2023</h1><blockquote>Welcome to <strong>TALNT</strong>, your go-to source for the latest updates and insights on the banking sector. In this months edition, we delve into the top ten popular people moves that have been making waves across various sub-sectors of banking. From mergers and acquisitions to equity and debt capital markets, structured finance, country coverage, industry coverage, corporate banking, and corporate broking, the industry has witnessed significant developments that are shaping its future.</blockquote><div> </div><div> </div><h1>1. Morgan Stanley Hires Credit Suisses Head of Health-Care Investment Banking for the Americas</h1><blockquote>Morgan Stanley, a leading financial institution, has appointed Ryan Bondroff, the former head of health-care investment banking for the Americas at Credit Suisse Group AG. With a wealth of experience at renowned organizations like Jefferies Financial Group Inc. and UBS Group AG, Bondroff brings valuable expertise to his new role. This strategic move highlights Morgan Stanleys commitment to strengthening its position in the health-care investment banking sector.... <a target="_blank" href=""https://talnt.sh/articles/181148"">(Read More)</a></blockquote><div> </div><h1>2. Deutsche Bank AG Appoints Kaveh Namazie as Asia Credit Desk Analyst</h1><blockquote>Deutsche Bank AG strengthens its team with the hiring of Kaveh Namazie as Asia credit desk analyst, reporting to Owen Gallimore, head of Asia Pacific credit desk analysis. Namazie brings valuable experience from Australia & New Zealand Banking Group (ANZ)... ,<a target="_blank" href=""https://talnt.sh/articles/187941"">(Read More)</a></blockquote><div> </div><h1>3. Jefferies Expands Team with Top Talent from Leading Financial Institutions</h1><blockquote>American investment bank Jefferies demonstrates its commitment to growth by hiring top talent from prominent financial institutions. Recent appointments include Matt Wilson, an experienced banking analyst, Julian Babich, a seasoned infrastructure banker, Kevin Martin, a former investment banking COO, Dominic Meagher, an industry expert, and Mike Johnson, a head of equity capital markets syndication. These strategic additions strengthen Jefferies capabilities and enhance its ability to deliver exceptional services to clients... <a target="_blank" href=""https://talnt.sh/articles/188463"">(Read More)</a></blockquote><div> </div><h1>4. Former Credit Suisse CEO Christian Meissner Joins International Merchant Bank</h1><blockquote>Christian Meissner, former CEO of Credit Suisse investment bank, has joined BDT & MSD Partners, an international merchant bank. Meissner will work with partner Sarah Giovanna in London, providing advisory and investment services to European family businesses. This move comes after Meissners stint at Credit Suisse, where he took charge of the investment bank and emphasized aggressive investing following significant losses... <a target="_blank" href=""https://talnt.sh/articles/182236"">(Read More)</a></blockquote><div> </div><h1>5. Goldman Sachs Names Kim Posnett as Head of Global TMT Investment Banking Group</h1><blockquote>Goldman Sachs Group Inc has appointed Kim Posnett, a seasoned executive with extensive experience in technology, media, and telecommunications (TMT), as the new head of its global TMT investment banking division. Posnett, a long-standing partner at Goldman since 2016, has a successful track record in leadership positions, including overseeing the global internet business. This strategic appointment aims to leverage Posnetts expertise and further strengthen Goldman Sachs position in the TMT sector... <a target="_blank" href=""https://talnt.sh/articles/182148"">(Read More)</a></blockquote><div> </div><h1>6. Jefferies Appoints Dennis Kwan as Head of Asia Secondaries Advisory</h1><blockquote>Jefferies, a leading investment bank, has appointed Dennis Kwan as Head of Asia Secondaries Advisory. Based in Hong Kong, Kwan will leverage his extensive experience to develop the firms Secondary advisory business in the Asia Pacific region, collaborating with investment banking and capital markets teams to deliver innovative solutions to clients... <a target="_blank" href=""https://talnt.sh/articles/188464"">(Read More)</a></blockquote><div> </div><h1>7. Banco Santander Poaching Credit Suisse Dealmakers to Accelerate Talent Base Expansion</h1><blockquote>Banco Santander SA aims to bolster its talent base by recruiting numerous Credit Suisse Group AG dealmakers, capitalizing on a rare opportunity for rapid expansion, particularly in the US. The Spanish bank, led by CEO Hector Grisi, plans to attract experienced bankers, including Credit Suisses senior executives, while also targeting junior bankers. By offering attractive compensation packages and leveraging the uncertainty surrounding Credit Suisses pending sale to UBS, Santander aims to expedite its dealmaking expansion and achieve 20% annual growth in its US corporate and investment bank. The recruitment effort is spearheaded by JosÃ© Linares and Darren Jones, and the bank is actively seeking to hire Wall Street bankers affected by layoffs in larger rivals... <a target="_blank" href=""https://talnt.sh/articles/187829"">(Read More)</a></blockquote><div> </div><h1>8. Shuaa Capital Appoints Wafik Ben Mansour as Head of Investment Banking</h1><blockquote>Shuaa Capital, a leading asset management and investment banking platform, has named Wafik Ben Mansour as the new Head of Investment Banking. Mansour, an experienced investment banking professional, brings extensive expertise from his previous role as Managing Director at Credit Suisse. With over 15 years of experience, Mansour has successfully led notable transactions, including Omantels $2.2 billion stake acquisition in Zain Group and ADQs acquisition of Amoun Pharmaceutical. His recent achievement includes the acquisition of Namshi by Noon AD Holdings... <a target="_blank" href=""https://talnt.sh/articles/183250"">(Read More)</a></blockquote><div> </div><h1>9. Perella Weinberg Partners Welcomes Kempton Dunn as Technology Practice Partner</h1><blockquote>Perella Weinberg Partners (Nasdaq: PWP) strengthens its technology practice with the appointment of Kempton Dunn as a Partner in the Advisory Business. With over 25 years of investment banking experience, Mr. Dunn will offer strategic and financial advice to global clients in the enterprise software sector, further enhancing PWPs technology group. Based in San Francisco, his expertise will contribute to PWPs commitment to delivering top-notch services in the technology industry... <a target="_blank" href=""https://talnt.sh/articles/183515"">(Read More)</a></blockquote><div> </div><h1>10. FE International Appoints Randal V. Stephenson as Head of Investment Banking</h1><blockquote>FE International, a leading M&A advisor in the global technology industry, has hired Randal V. Stephenson, a veteran investment banker, as its Head of Investment Banking. Stephenson will spearhead the expansion of FEs investment banking platform and oversee the companys existing Due Diligence & Accounting Advisory and Sell-side M&A Advisory businesses. With over 1,200 completed M&A transactions, FE International leverages its expertise to drive growth under Stephensons leadership, with operations based in New York, Miami, San Francisco, and London... <a target="_blank" href=""https://talnt.sh/articles/187361"">(Read More)</a></blockquote><div> </div><div> </div><div><br></div>

Insights

Gain Insights, Uncover Opportunities

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

Gender Diversity Within Senior Moves in Markets, Q1 2023

Banking Buzz: May 2023s Magnificent Top 10 Moves

Discover the topics that matter to you