HSBC ASSET MANAGEMENT APPOINTS ASIA WHOLESALE HEAD
HSBC Asset Management (HSBC AM) has appointed Charles Li as head of wholesale business for Asia, effective September 1 and subject to regulatory approval, said a company statement on July 19.
Based in Hong Kong, he will be reporting to Thorsten Michalik, global head of wholesale and Daisy Ho, chief executive for Asia-Pacific and Hong Kong.
In this newly created role, Li will be responsible for covering all wholesale clients in mainland China, Hong Kong, Taiwan, India, Japan and Southeast Asia. In addition to leading the wholesale sales and client servicing teams in the region, he will also be responsible for setting and delivering the firm’s wholesale strategy.
Li has over 20 years of asset management experience and joins from UBS Asset Management where he was head of global wealth management client coverage for Asia Pacific, and deputy head of asset management (Hong Kong).
He was responsible for formulating the business development and product strategies while leading the client coverage teams across Apac. Prior to this, he held senior roles at Fortis Investment Management Asia, PCI Investment Management and Allianz Global Investors.
Eastspring Investments has appointed George Ferraz as regional head of intermediary sales, according to a company statement on Thursday (July 21).
Ferraz joined Eastspring in early June and reports to Wendy Lim, regional chief executive for Asia and global head of distribution, marketing and products.
He replaces Glen Lee who has joined T Rowe Price as its first head of intermediary for Asia ex-Japan as of July 12.
Based in Singapore, Ferraz will be responsible for developing Eastspring’s regional intermediary sales strategy and partnering with local retail sales teams to ensure strategic alignment. He will also strengthen and build on the firm’s partnerships with key regional distributors and global private banks.
Ferraz has over 26 years of industry experience and was most recently director of new business development and relationship management at BNY Mellon in Boston, where he was responsible for Asia Pacific distribution channels. Prior to that, he spent 18 years at Fidelity Investments holding global and channel relationship management roles.
AWARE SUPER REDESIGNATES NEW ASSOCIATE PORTFOLIO MANAGER
Aware Super has appointed Davinthra Thillainathan as an associate portfolio manager with effect from July, according to his LinkedIn post.
Thillainathan was formerly a senior investment analyst for direct equities at the firm, which he joined in August 2020.
Based in Sydney, he will be jointly responsible in his new role for portfolio management of the firm’s Australian small cap fund as well as research coverage for the healthcare and technology sectors.
Prior to Aware, he was a healthcare research analyst at Evans & Partners in Sydney for about 4 years, where he was responsible for covering listed ASX healthcare stocks such as Integral Diagnostics, Polynovo, CSL, and Ramsay Healthcare.
He has also worked as a commercial analyst at Caltex, transaction services senior consultant at EY and senior accountant at KPMG.
Aware Super’s spokesperson said the firm does not release specific details about internal movements such as this when contacted by AsianInvestor.
FRANKLIN TEMPLETON ANNOUNCES APAC LEADERSHIP CHANGES
Franklin Templeton on Tuesday (July 19) announced leadership changes in Asia Pacific, with former BNP Paribas Asset Management Singapore CEO Christian Bucaro appointed as head of retail for Asia, and Felicity Walsh promoted to managing director and head of Australia and New Zealand.
Bucaro started in the new role this month, and Walsh’s promotion will be effective from August 1, 2022. In their new roles, both will be part of the Asia Pacific leadership team, supporting Tariq Ahmad and Matt Harrison, co-heads of Asia Pacific.
Bucaro will continue to be based in Singapore. In this newly created role, he will be responsible for driving the growth of the firm’s retail business in Asia (ex-Japan and India). He will have oversight of existing regional and country teams to develop and implement client solutions across Asia.
Clement Lee, head of retail sales, Southeast Asia, and Simon Wong, head of retail sales, Greater China, will both report to Bucaro.
Bucaro joins from BNP Paribas Asset Management, where he spent over 16 years in different senior roles. He was most recently the Singapore CEO and managing director, head of strategic distributors relationships, Asia Pacific, until June 2022.
His role as Singapore CEO has been succeeded by Angelia Chin-Sharpe, whose promotion was announced on July 6. The other role as head of strategic distributors relationships, Asia Pacific, was replaced by Guenter Tschiderer, who was promoted to head of intermediary sales, Hong Kong and South East Asia in May. He reports to Chin-Sharpe.
Separately, Walsh, currently head of sales at Franklin Templeton Australia and New Zealand, will take on an expanded role as managing director and head of Australia and New Zealand. She is based in Sydney.
In her new role, she will provide executive oversight of sales, marketing, client services and product strategy. She will also continue to assume direct client responsibilities in the Australia and New Zealand markets and continue to act as a key conduit to local and global investment teams.
Walsh has been with Franklin Templeton since 2015, initially as managing director at K2 Advisors, a hedge fund specialist investment management team within Franklin Templeton before being given the broader responsibility of head of sales for Franklin Templeton Australia and New Zealand.
FIDELITY NAMES MARTY DROPKIN AS APAC HEAD OF EQUITIES
Fidelity International has appointed Marty Dropkin as head of equities, Asia Pacific with immediate effect, where he will grow Fidelity’s equities capability and drive investment performance across the region, the firm announced on Tuesday (July 19).
In the newly created role, Dropkin will lead the Asia-based equities team and ensure global strategic connectivity across regions. He will also ensure sustainability principles continue to be integrated into the equity investment process, in close collaboration with Fidelity’s global investment research team.
Dropkin will continue to be based in Hong Kong whilst spending additional time in Singapore, and across the region, with equity portfolio managers and analyst teams, and for other investment management business-linked activity.
He will report to Andrew McCaffery, global chief investment officer at Fidelity International.
Having spent the past 12 years at Fidelity in several leadership roles, Dropkin was most recently head of Asian fixed income, with management and oversight of $25 billion of Asia fixed income client assets.
His responsibilities as head of Asian fixed income will move directly to Steve Ellis, Global CIO, fixed income, in the interim, as the process of appointing a replacement for Dropkin is completed, the firm told AsianInvestor.
HKEX NAMES CHIEF STRATEGY OFFICER AMONG NEW SENIOR APPOINTMENTS
Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Daniel Sonder as chief strategy officer and head of data business, markets according to an announcement on July 19.
Sonder will be based in Hong Kong and will report to HKEX chief executive officer, Nicolas Aguzin.
Sonder joined HKEX this year from Brazilian stock exchange B3, where he was most recently chief financial officer. Before that, he was at Credit Suisse for seven years, where he was a managing director in their asset management division.
In addition to the appointment of Sonder, HKEX announced the expansion of its emerging business development team with the hiring of Andrew Walton and Ken Chiu.
Walton joins HKEX this week as managing director and head of digital assets, markets. He joins from Hong Kong-based digital asset platform OSL Digital Securities, where over the past year he was managing director and head of exchanges and custody. He has also previously held senior roles in companies that include software firm Block.one, as well as Australia-based exchange, Chi-X and UBS AG.
Chiu has been promoted to head of carbon and ESG products, markets. He joined HKEX in 2018, and was senior vice president in the group’s fixed income and currency development team, before moving to the emerging business development team in 2021.
The latest announcement from HKEX came less than one week after AsianInvestor reported that two senior executives — head of group strategy Till Rosar and co-head of emerging business development Julien Martin — had left the company.
All three executives in their new roles will report to HKEX co-heads of markets Glenda So and Wilfred Yiu.
NATIXIS IM APPOINT HELEN YANG AS CHINA HEAD
Asset manager Natixis Investment Managers (Natixis IM) has appointed Helen Yang as chief representative and head of China, with effect from July 19.
She will be based in Beijing, where she will be responsible for leading the asset manager’s business in mainland China, Hong Kong, and Macau. Yang will report to the head of Asia Pacific Fabrice Chemouny.
Yang has over 15 years of investment experience in both China and the US, most recently at Fosun International Ltd where she served as managing director. Before that she worked at China Ping An Insurance Overseas and the State Administration of Foreign Exchange (SAFE).
“Helen is a perfect fit for Natixis IM, bringing over six years of experience at one of the world’s leading insurance companies, a key focus for us, combined with her deep China market expertise,” said Fabrice Chemouny in an official statement.
Fosun International did not respond to AsianInvestors’ request for comment on Yang’s replacement.
CBRE HIRES CROSS-BORDER INVESTMENT SPECIALIST
CBRE has hired industry veteran Callum Young as executive director, capital markets, Asia Pacific, with immediate effect. He will be based in Hong Kong, with a focus on cross-border investment across the region, the firm announced on Monday (July 18).
In the newly created role, Young reports to Greg Hyland, head of capital markets, Asia Pacific, the firm told AsianInvestor.
Young has more than 15 years of experience in commercial real estate and has been involved in more than $16 billion in capital markets transactions globally during his career.
He joins CBRE from Savills, where he was a senior member of the firm’s capital markets, having worked in Singapore, Seoul and London for 15 years.