Departing SGAM CEO building wealth advisory

Mahendran Nathan, the outgoing regional head of SG Asset Management in Singapore, will launch a consultancy called Wealth Management Asia that intends to assist regional financial institutions in building ways to advise affluent customers. Nathan was hired in 1997 as managing director and regional head of SGAM's business, covering Asia ex-Japan and Australia, and was promoted to regional CEO in 2004. SGAM remains a small player in the region's traditional funds space, but has built…