Singapore-based independent asset manager (IAM) Covenant Capital has announced four hires as it builds out its operations in the city-state.
Tshua Ngee has been appointed head of fixed income, while Lawrence Chin, Sean Chee and Beverly Chin have been hired as relationship managers.
Ngee joins from Global Pinnacle Hotel Investments, where he was head of capital structure management for one-and-a-half years.
Prior to that, he was a senior analyst covering Asian corporate credit and high yield bonds at Bank of Singapore.
Before joining Bank of Singapore in 2010, Ngee worked at New Jersey-based ZAIS Group as chief risk and credit manager. He has worked at Citigroup Asset Management and Western Asset Management in the past.
At Covenant, Ngee is responsible for leading all investment research and portfolio management in fixed income, and will work closely with CIO Edward Lim.
Lawrence Chin, meanwhile, joins Covenant as executive vice president. He has over 38 years of experience in financial services, and was most recently executive director at Singapore-based asset manager Swaen Capital.
Before he joined Swaen Capital in 2015, he was an investment centre head at Citi Private Bank and had oversight of the booking centre activities in Singapore. He also served as CEO of Citigroup Global Markets Singapore.
Additionally, Covenant has hired Chee as senior vice president. Chee was previously deputy head for the independent asset management desk at Julius Baer and covered Southeast Asian markets.
Chee joined Julius Baer in 2013 from Citi where he was a relationship manager for high-net-worth (HNW) clients.
Furthermore, Beverly Chin has been appointed vice president at Covenant. She previously worked for the business development team at Sheraton Towers Singapore, and was responsible for managing and growing the hotel’s corporate account business.
She has worked for Julius Baer in the past, where she advised ultra-HNW and HNW clients on their investment portfolios as well as wealth planning, single stock financing and mortgage loans.
Commenting on the relationship manager hires, Covenant’s CEO Edwin Lee said, ‘To answer to clients’ increased demand for advice on wealth succession and transfer across generations, we have structured our client management teams to be multigenerational.
‘For example, Lawrence and Beverly as a team combines inter-generation perspectives, which will better support clients in achieving long-term wealth accumulation, preservation and transference.’