People

Standard Chartered announced that Pedro Cardoso has joined its Retail Banking team taking on the role of Global Head, Digital Commerce on 2 August 2017.

He will start in early September.

Vohra will join the bank on 4 September 2017.

Jain's appointment is effective immediately. Based in Singapore, Mr. Jain will be responsible for leading the trade finance business in the region, and for driving the execution of the business’ strategy. In his new role, Mr. Jain will report to Daniel Schmand, Global Head of Trade Finance, and Michael Dietz, Global Head of Trade Finance Flow. He will also regionally report to Lisa Robins, Asia Pacific Head of Global Transaction Banking. Mr. Jain was most recently Regional Chief Operating Officer for Deutsche Bank’s Corporate & Investment Banking division and Global Transaction Banking business in Asia Pacific. Prior to this, he was Deutsche Bank’s Acting Regional Head of Group Strategy in Asia Pacific, and began his career in the U.S. with Deutsche Bank's Global Corporate Finance business. Deutsche Bank’s Lisa Robins, said: “We are delighted to see Atul taking on this new role. With his deep understanding of the transaction banking business in the region and his leadership qualities, I am confident that he will be very successful.” Daniel Schmand added: “With Atul at the helm of our Asia Pacific business, we hope to build on our momentum in the region and to continue to serve our growing client base with best-in-class solutions.” Michael Dietz added: “Atul’s deep understanding of trade finance will bring a new dimension to the way we operate, which will be very beneficial as we need to adapt to the global environment. I look forward to working with him.”

Wey Fook will be responsible for investment strategies including global strategic and tactical asset allocations for our clients. He will lead a team of investment strategists and communications specialists within the CIO office, to establish and curate DBS’ recommended investment strategies, make and publish asset allocation calls as well as thematic trading ideas across asset classes of equities, bonds and currencies. Wey Fook has 30 years of fund management experience, and was most recently at Bank of Singapore where he held various senior management roles including Chief Investment Officer, Head of Discretionary Portfolio Management (DPM) and Funds. During Wey Fook’s tenure as DPM head, assets under management grew substantially to SGD 9 billion and was voted as the best in DPM by Asiamoney Private Banking Poll 2016. He started his career at Government of Singapore Investment Corp (GIC) followed by OCBC Asset Management before joining ING Asia Private Bank, later renamed Bank of Singapore. Wey Fook will be reporting to Tan Su Shan, Group Head of Consumer Banking & Wealth Management, and will start his new role in early September. Lim Say Boon, the current Chief Investment Officer of Consumer Banking & Wealth Management, spent seven years with DBS and will be leaving DBS to return to Australia for family reasons. Said Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank, “As we further entrench our position as a leading wealth manager in Asia, it is important to identify and build deep bench strength in our bank, and we are delighted to welcome Wey Fook to the DBS family. Wey Fook brings with him a wealth of investment and advisory experience and with him joining the bank, we are taking our business to the next level with a strong focus on enhancing the delivery of quality investment advice and asset management solutions to our clients. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, and are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.” “I would also like to thank Say Boon for his invaluable contribution and leadership during his time with DBS. He has been an integral part of the leadership team in building out our wealth platform and offering, and has been instrumental in putting DBS bank firmly on the global map as a wealth management player to be reckoned with.” The growth of DBS’ wealth management franchise is robust, fuelled by the organic growth of emerging Asian new wealth and also by its successful execution of a wealth continuum. As of March 2017, DBS’ assets under management for all wealth customers stood at SGD171 billion. It has also consistently achieved growth of about 20% annually since 2010.  

And Rodney Lee was named Asia Commercial Bank's digitization head.

DBS Private Bank announced that John Ng has been appointed as the Head of Portfolio Counselling & Product Strategy. Part of the DBS Private Bank’s product advisory team, this is a newly created function and John will provide strategic portfolio advice and formulate model portfolios to cater to the various market segments. He will work closely with investment counsellors in the wealth management group to drive a consistent and institutionalised approach to portfolio recommendation, construction and review. John will report into Audra Seah, Head of Investment Advisory & Capital Markets Solutions. A career banker with over 23 years of experience, John was previously at Bank of Singapore, where he spent eight years building and managing the research teams in cash equities, bonds, funds and private equity. He was also responsible for product marketing which put together all product publications and communications. Prior to BOS, he was in asset management with Fortis Investments for four years in Europe. John started his career in corporate banking and project finance where he spent 11 years with various banks in Singapore and Hong Kong. John holds an MBA from the University of Chicago, and a bachelor’s degree from Curtin University, Australia. Said Audra Seah, Head of Investment Advisory & Capital Markets Solutions, DBS Private Bank, “As we further entrench our position as a leading wealth manager in Asia, we believe it is important to continue to deepen our talent pool and we are delighted to welcome John to the DBS family. John is a seasoned investment professional who brings with him a wealth of experience from asset management and various areas in banking. With him joining the team, he will be able to strengthen our advisory proposition and enhance the delivery of our financial and banking capabilities to our clients. We are fully committed to enhancing the client experience by combining the best of personal service and digital innovation with bespoke wealth solutions.”

Stella Choe's appointment as Head of Corporate Banking for Australia and New Zealand is effective immediately. In this role, Stella will report locally to Tony Osmond and regionally to Gerry Keefe. She will also continue to lead the Financial Institutions group within the Corporate Bank for the time being. Stella brings a wealth of corporate banking experience to the role, having served in senior positions with HSBC, Morgan Stanley and J.P. Morgan in Asia, Europe and the United States. Stella joined Citi in 2014 as Head of the Corporate Bank, Financial Institutions group, Australia and New Zealand. She has successfully expanded the team, had relationship responsibility for some of our most important clients, helped to deliver strong growth in revenues, and supported her clients on a number of large transactions.

He will be based in Singapore.

Sources told Reuters that the head of the Bank of Tokyo-Mitsubishi UFJ (BTMU), the core business of Japan's biggest "megabank," has decided to step down for health reasons barely a year into the job.

ANZ announced the appointment of Anna Green as CEO Philippines, reporting to David Green, CEO Singapore and Head of South East Asia, India and Middle East. Ms Green, who joined ANZ in 2004, is currently CEO for ANZ Laos. Prior to this she has held senior risk and regulatory roles with ANZ across the region, and also practiced international banking and finance law in Sydney and London. David Green said: “We have a strong franchise in the Philippines where local corporate and financial institutions are increasingly looking for business opportunities across ANZ’s network in Australia, New Zealand and Asia. “Anna’s country leadership experience and strong connections across the ASEAN region make her the ideal candidate to lead the team here. Her skills and experience will be extremely valuable in driving our business in the Philippines,” said Mr Green. Subject to regulatory approval, Ms Green will commence in the role on 1 August 2017. 

Standard Chartered announced that Deniz Güven will join their Retail Banking team taking on the role of Global Head, Design and Client Experience effective 8 May 2017.

According to a release, Mr Patrick K W Chan will resign as Executive Director of Hang Seng Bank and will cease to be Head of Greater China of the Bank with effect from 1 May 2017 in order to pursue other new interests. Mr Chan has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Bank.

Commerzbank has made two new appointments to serve its global financial institutions network and international corporates franchise.

Adam Proctor will take over the role of Head of Managed Investments and Advisory for Asia Pacific, reporting to Roger Bacon, Head of Investments for Asia Pacific and David Bailin, Global Head of Managed Investments. He will relocate to Singapore in the coming months.

Citi Private Bank has appointed Roger Bacon as Head of Investments for Asia Pacific.