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He will succeed Patrick Dewilde who will retire in March 2018 after 34 years of service. Stuart has been with Citi for more than 13 years and has extensive global experience in managing complex businesses. He has spent the last eight years as global head of commodities based in London, responsible for Citi’s activities in physical and financial commodity products serving the firm’s global client base. During this time, he helped to grow and develop the franchise into an industry leader. With the support and partnership of the Asia operating committee and the markets and securities services management team, Stuart will continue to build on Citi’s efforts to be the best partner to clients in the region. Stuart will work closely with Patrick over the next few months to ensure a seamless transition before he assumes his new responsibilities on March 1, 2018. During this time, Citi will run a process to select Stuart’s successor as global head of commodities.  

He will report to Kaushik Shaparia, head of global subsidiary coverage, global transaction banking. Prior to this appointment, Mahesh was head of global transaction banking–China and head of corporate cash management for Greater China. He will continue to assume these roles in addition to his new position until a successor is announced. Kaushik Shaparia said, “The APAC region is a source of strength for Deutsche Bank. This is a vision we share with our global clients who also see APAC as a growth market. Cross-border business is a core part of what we do. In his new role, Mahesh will bring in a wealth of experience through his strong client connectivity, knowledge of Deutsche Bank’s corporate & investment banking platform and deep understanding of the APAC region in order to steer further growth in this business.” The global subsidiary coverage team is responsible for developing multinational client portfolios across all markets in APAC. The clients covered by this group are regional treasury centres and subsidiaries of corporates and non-bank financial institutions that are headquartered in the Americas, Europe and Asia.   

The four new appointments are: Cameron Senior as head of wealth & international, Fion Khoh as head of network, Christine Lim as head of direct sales, and Lina Chan as head of multi-channel optimisation. These newly created roles were announced as HSBC Singapore revealed the expansion of its retail banking and wealth management team. Anurag Mathur, head of retail banking and wealth management, HSBC Bank (Singapore) said, “The expanded management team will allow us to better support our growth agenda in Singapore which is a priority market under HSBC Group’s Pivot to Asia strategy. Not only will it enable us to better focus on priority areas, it also allows us to be more efficient in the deployment of our resources. I am particularly pleased that of the four new appointments, three are promoted from within which shows that our efforts to groom and develop talents are paying off.” Prior to taking on this newly created role, Cameron Senior was head of retail distribution, HSBC Bank (Singapore). He has almost 20 years of extensive experience in multiple areas within HSBC’s retail banking business and across key HSBC priority markets in Australia, Hong Kong, Singapore, and the UK. In his new role, Cameron will champion and drive changes to the bank’s wealth and international business to further strengthen its wealth management and advisory sales platform for its emerging and mass affluent customers both domestically and for those with international needs. Fion Khoh will take on a newly created role as head of network which expands her current remit to the management of the bank’s Singapore branch network. Fion has more than 15 years of experience in retail banking sales, customer relationship and branch network management. In her new role, besides overseeing the consistent delivery of sales and customer servicing, Fion will lead the execution of HSBC’s strategies to drive and expand banking relationships within the entire branch network. Ms. Khoh will also be responsible for the development and management of HSBC’s physical branch and ATM footprint. Christine Lim has been appointed head of direct sales, responsible for driving growth and profitability through the delivery of a market-leading direct sales channel to acquire new to bank customers. Prior to joining HSBC, Christine spent 7 years at ANZ Bank Singapore as acquisition dead of credit cards & personal loans and was instrumental in strengthening the mobile sales and digital distribution channel for cards and loans at ANZ, driving strong growth in unsecured lending. Christine brings extensive leadership experience across direct sales (manned and unmanned), developing alternate acquisition channels, channel management, and service quality. Lina Chan, the new head of multi-channel optimisation, has over 20 years of experience across retail banking which includes client management, service and sales performance, product and marketing management. She has spent time in HSBC Vietnam heading up its direct banking team and has been successfully leading the HSBC Bank (Singapore)’s client management and business development team since 2011. Lina has been instrumental in ensuring that high-quality and timely customer reviews are delivered, effectively balancing the need to both grow the business and manage risk. In her new role, Lina will be responsible for supporting business growth by optimising multi-channel support and transformation that includes identifying and migrating select over-the-counter services, streamlining the referral process across channels, and championing new multi-channel technologies.  

He joins from Intesa Saopaolo S.p.A. where he was chief executive for Hong Kong and the APAC general manager for the last ten years. Simon has expertise in advisory, structuring and arranging roles in sectors highly complementary with ABN AMRO’s focus in energy, commodities, food, transport & logistics, and financial institutions. Prior to Intesa Saopaolo, Simon worked with Bank of America in Hong Kong following senior roles across Australia, USA, and Vietnam where he opened Bank of America’s Hanoi branch in 1994. Prior to his move to banking, Simon was a research and exploration geologist in the mining industry for five years. Maureen DeRooij, CEO APAC at ABN AMRO says, “We are very pleased to have found a leader of Simon’s calibre who can accelerate the momentum we have in the industries we focus on and enhance the product capabilities we offer.” ABN AMRO strengthened its Greater China presence when it reopened its Shanghai branch in March 2016 enabling the bank to better support its corporate clients around the region with links to Asia’s largest economy. In APAC, ABN AMRO has offices in Singapore, Hong Kong, Shanghai, Sydney, and Tokyo. Other senior APAC appointments this year are similarly focused on ABN AMRO Bank’s Corporate and Institutional Banking business’ reputation as a relationship-driven sector bank providing tailored financing solutions and advisory to enable clients to access global opportunities. These include Simon Wood, head of financial institutions group APAC, who is building the bank’s proposition with financial institutions, and Peter Davis, executive director APAC, overseeing clients with commercial interests in Australia.  

Rudolf Hitsch has been appointed North Asia head, Jyrki Rauhio as South Asia head, and Akbar Shah as head of business development at Citi Private Bank.

He joins Citi from eBay with oversight of Citi’s Consumer Banking data and analytics capabilities and customer insights.

And Gilbert Kohnke was appointed as group chief risk officer.

Mitsubishi UFJ Financial Group, Inc.’s (MUFG) banking entity, The Bank of Tokyo-Mitsubishi UFJ, Ltd. has appointed Mr. Andre S. Painchaud as General Manager of Internal Audit and Credit Examination Division (Singapore) and Credit Examination Office (Singapore).

Citi has appointed Guorong Jiang as Managing Director, Chairman and Head of Corporate and Investment Banking (CIB) for China. He reports to Mark Slaughter, Head of Corporate and Investment Banking for Citi in Asia Pacific, with a matrix reporting line to Christine Lam, President and Chief Executive Officer of Citi China. 

Mikhail Brovman has joined Standard Chartered as Global Head, Technology, Financial Markets on 2nd October. He is based in Singapore and reports to Dr Michael Gorriz, who is Group Chief Information Officer and interim Chief Information Officer, Corporate & Institutional Banking. Mikhail joins us from CLS, where he was a product management consultant. Prior to that, he was Chief Technology Officer of Project Edison, a prospective joint investment by Credit Suisse and a private equity investor in a new, un-consolidated broker/dealer trading platform in rates products. He was previously the Global Head (CTO) of CDSClear, where he was responsible for all IT aspects of CDSClear’s business, including expansion into US markets, SEF connectivity and Risk platform optimisation. He has also held senior IT leadership positions at UBS, Morgan Stanley and Barclays Capital where he delivered change programmes and integrated business solutions in Capital Markets and Investment Management. In his new role, Mikhail will be responsible for the entire technology value chain for Financial Markets (FM), working closely with other parts of ITO to ensure that it is run end to end. His remit will include the delivery of a seamless client experience based on efficient processing, the support of FM architecture and the delivery of a robust control environment. Mikhail will be a member of the FM Management team.

HSBC announced the return of Philip Kunz as Head of Global Private Banking, South East Asia.

Goldman Sachs named Udhay Furtado and Harry Naysmith co-heads of its investment banking unit in Southeast Asia, according to an internal memo seen by Reuters.

The GTS business constitutes 31% of the bank’s institutional banking business income. 

In his new role, Mr. Dagur will focus on the further development of Cash Management solutions for Commerzbank’s corporate clients in Asia, as well supporting the growth of its Trade Finance offering in the region.

Citi announced the appointment of K Balasubramanian (Bala), as Head of Corporate Banking, Indian subcontinent, comprising of India, Bangladesh and Sri Lanka, effective December 1, 2017.

Westpac Banking Corporation (Westpac) appointed Frances Cheung as Head of Macro Strategy, Asia, to further expand its Financial Markets capability and build deep relationships with Westpac’s clients in the region and globally.