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Top 10 private banker moves in Q2

As the merry-go-round of private banking hires continue, Citywire Asia takes a look back at the biggest moves that got tongues wagging

10. HSBC PB poaches JP Morgan’s NRI head

HSBC expanded its non-resident Indian and international team in Singapore with the hire of Sundar Ramani in April.

Ramani re-joined the private bank in a newly created role as NRI and international market head, after leaving HSBC for JP Morgan in 2010.

He had previously worked for HSBC Singapore for about eight years overseeing the Malaysia market and South Asian segment regionally.

In his new position, Ramani is responsible for business development across the Europe, Middle East, and Australia markets along with the NRI segment.

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10. HSBC PB poaches JP Morgan’s NRI head

HSBC expanded its non-resident Indian and international team in Singapore with the hire of Sundar Ramani in April.

Ramani re-joined the private bank in a newly created role as NRI and international market head, after leaving HSBC for JP Morgan in 2010.

He had previously worked for HSBC Singapore for about eight years overseeing the Malaysia market and South Asian segment regionally.

In his new position, Ramani is responsible for business development across the Europe, Middle East, and Australia markets along with the NRI segment.

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9. Swiss bank makes senior hires in Southeast Asia

In June, Credit Suisse expanded its private banking and investment banking units with two new appointments in Southeast Asia.

Felicity Chan assumed the role of head of equity syndicate for Southeast Asia in the markets business, and Yvonne Voon was appointed head of Southeast Asia real estate in investment banking and capital markets.

Both Chan and Voon have been with Credit Suisse for over 10 years.

In her new role, Chan collaborates with teams across the bank’s integrated private banking and investment banking platform to deliver equity distribution capability to clients in Singapore, Malaysia, Thailand, the Philippines, Indonesia and the frontier markets.

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8. Credit Suisse hires from Julius Baer

Credit Suisse Private Banking appointed David Lim as vice chairman for Southeast Asia with effect from 7 May.

Based in Singapore, he reports to Benjamin Cavalli, head private banking Southeast Asia and CEO Singapore.

Lim has close to 30 years of banking experience with private clients and institutional businesses.

As vice chairman, he is expected to deepen relationships with clients and stakeholders, provide advice on Credit Suisse’s products and services and develop and mentor new talent.

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7. Citi PB hires new market manager

In its third such appointment this year, Citi Private Bank named Timothy Morse as global market manager for Thailand, Malaysia and Brunei in April.

Morse is responsible for growing Citi’s businesses in Thailand and Malaysia as well as overseeing the client strategy in Brunei. He leads the country teams with a focus on ultra-high net worth clients, and collaborates with Citi’s other business units.

Based in Singapore, he reports to South Asia head, Jyrki Rauhio.

Morse’s hire followed the appointments of Adam Proctor as market manager for Singapore, Australia and New Zealand, and Simon Kastono as market manager for Indonesia earlier this year.

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6. BNP Paribas WM hires investment specialist

Grace Tam, a former senior market specialist from HSBC Global Asset Management, joined BNP Paribas Wealth Management last quarter.

Tam joined the French private bank as chief investment advisor in Hong Kong, reporting to Asia chief investment officer, Prashant Bhayani.

She is responsible for formalising and communicating the bank’s asset allocation and investment strategies in Asia. 

Prior to working at HSBC, she worked as a portfolio solutions specialist at Credit Suisse Private Bank and a global strategist at JP Morgan Asset Management.

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5. Former MAS analyst joins Credit Suisse

In June, Teo Wei Zhen joined Credit Suisse Private Banking as Asian equity fund analyst based in Singapore.

Teo joined the Swiss wealth manager from the Monetary Authority of Singapore, where she covered global and emerging market fixed income and equity fund managers as well as alternative asset classes during her eight-year stint.

Her last held role at the Singaporean regulator was lead portfolio manager for the external fund management division.

At Credit Suisse, Teo covers the broad Asian and Southeast Asia equity peer groups as vice president.

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4. Julius Baer poaches from UBS for Greater China

Swiss private banking group Julius Baer appointed Vicki Lee as its new group head for Greater China, based in Hong Kong earlier this year.

Reporting to David Shick, the head of private banking for Greater China, Lee is responsible for growing and strengthening the bank’s franchise in the Greater China market. 

Lee joined from UBS Wealth Management, where she had worked since 2006. Her last held position was country team head for the Chinese market.

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3. HSBC PB hires Asia head of alternative investments

HSBC Private Banking appointed Edward Moon as Asia head of alternative investments group on 1 June.

Moon joined from Bank of Singapore, where he was an executive director overseeing hedge funds and liquid alternatives as well as managed investments for two years.

At HSBC, the managing director is leading the regional alternative investments group, which includes hedge funds, private equity and real estate. He relocated from Singapore to Hong Kong for the role.

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2. Citi PB poaches from UBS in Hong Kong

The private banking arm of Citibank continued its Asian hiring spree with a new appointment in Hong Kong in April.

The US private bank named Julie Koo as head of investment management sales for Asia Pacific.

Koo succeeded Adam Proctor, who was appointed global market manager for Singapore, Australia and New Zealand this February.

She joined from UBS where she was the head of institutional distribution for Asia Pacific.

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1. Credit Suisse expands Apac team with five new hires

Credit Suisse expanded its Asia Pacific team with a series of new hires in May.

Based in Hong Kong, it appointed James Scully as managing director and head of product sales, and Robert Cheeseman as director and head of prime derivatives services.

Kieran Murphy joined Credit Suisse as director and head of prime consulting from Bank of America Merrill Lynch.

The Swiss bank expanded its team in Australia as well. Eugene Budovsky and Melissa Cooper joined the group as the head of low touch for Australia.

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