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Top private banker moves in December

Citywire Asia presents the most popular moves stories last month.

December action

Happy New Year everybody! This is our first monthly round-up of people moves in the private banking community for 2017.

While things slowed down in December, there were quite a few noteworthy hires and exits.

In this gallery, we present the ones that made the most waves.

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5. StanChart's SE Asia head of investment advisory leaves

The head of investment advisory, Southeast Asia at Standard Chartered Private Bank was said to be leaving the firm in December.

Mario Becker, who was also managing director,left the firm after seven years.

Based in Singapore, he was managing ultra high net worth clients.

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4. Senior exec at HSBC Private Bank Singapore leaves

The head of international markets at HSBC Private Bank - Singapore left the firm.

Dominic Lane stepped down from the position in December, after four years at the Singapore branch.

He was appointed market head, international this year.

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3. Credit Suisse hires former Nomura expert for funds team

Credit Suisse Private Banking Asia Pacific hired a funds analyst for its funds and ETFs team, Citywire Asia revealed in December.

Xu Yezhong joined the funds selection team on 5 December from Nomura Wealth Management, where he was responsible for both funds selection and advisory.

At Credit Suisse, he is responsible for selection of Asian fixed income funds.

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2. UBS Wealth restructures Southeast Asia team

UBS Wealth Management Southeast Asia has announced changes to its organisational set-up.

Essentially delayerising the structure, the region's desk head and market head roles will be reporting more directly to senior management.

Amid the restructure, Vinay Gandhi, who was regional market manager for Malaysia, India, Indochina, Philippines and financial intermediaries, has left the bank after six years in the role.

Click on the link for more details.

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1. Citi intensifies private wealth focus in Asia

In December, Citi appointed Kevin Lam as Asia Pacific business development head between Citi’s Private Bank and Citi’s Corporate and Investment Bank.

This is in addition to his existing role as COO of Hong Kong Corporate and Investment Banking.

In this new role, Lam will further develop the partnership between Citi’s private bank and corporate and investment bank across Asia Pacific.

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