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Edelweiss Mutual Fund has announced change in the fund management responsibility.

Edelweiss Mutual Fund announced changes in the fund management responsibility.

Tata Mutual Fund announced changes in key personnel, with effect from 21st January 2012.

Nina Aguas has left her posts as managing director of ANZ's Asia-Pacific private banking arm to pursue other opportunities. Aguas, who was based in Singapore and was responsible for the private banking franchise in the region, has left after three years at the bank. She joined ANZ in 2009 as managing director of the retail bank in Asia. Prior to joining ANZ, Aguas spent 25 years at Citigroup in various senior positions including managing director and head of corporate centre compliance in New York and country business manager of the global consumer group in the Philippines, as well as regional head of audit and risk for Asia-Pacific. "I can confirm Nina Aguas has resigned, and that her successor will be announced shortly," a spokesperson for ANZ said. The news comes in the same week as Australia’s third largest bank confirmed 130 redundancies in its retail and commercial back-office, mainly in Melbourne. These are expected to be the first wave of more cuts to be made in the coming months, with a total of as many as 900 reported in local media. However, the Asia-Pacific business is unlikely to be affected.

Brooks Entwistle will move to Singapore as Goldman Sachs Southeast Asia chairman and head of investment banking.

Credit Suisse appointed Francesco de Ferrari as market area head to oversee private banking in Singapore, Malaysia and Indonesia.

Amanah Islamic Investment Bank of the Philippines designated Enrique D. Bautista, Jr. as its new Chairman and Chief Executive Officer. He will replace  Armando O. Samia who has rejoined the marketing group of state-owned Development Bank of the Philippines.

DBS Private Bank today announced the appointment of two senior private bankers to its Indonesia team based in Singapore. Stanley Puah Soon Kwang and Tan See Wee will help to drive the bank’s private banking business and deliver growth for the Indonesia market. Stanley Puah, 46, joined DBS in January as senior vice president and team leader for the Indonesia market. In his new role, Puah will manage a team of up to 10 private bankers. He has been tasked to further grow DBS Private Bank’s market share in Indonesia, with a special focus on cities like Jakarta, Medan, Bandung and Pekanbaru. Most recently, Puah was with HSBC Private Bank Singapore as a senior director managing ultra high net worth clients in Indonesia and other regional markets. With some 22 years of experience growing relationships and assets from Indonesian clients, Puah’s in-depth knowledge of the market will help DBS accelerate the pace of growth of its private banking business in the USD 80 billion Indonesia HNWI market. Puah had also previously worked at Merrill Lynch, Citi Private Bank, Coutts Bank Singapore and UBS.      Tan See Wee, 43, rejoined DBS in January as senior vice president and deputy team leader. Tan brings to DBS 20 years of investment management, asset allocation and risk analysis expertise in various asset classes including stocks, bonds, private equity and hedge funds. He started his banking career with DBS in the early 90s, focusing on asset management and investment banking. Tan joined DBS from Great Eastern Life Assurance where he was most recently its head investment strategist for the regional investment division. Previously, Tan also worked at UBS, Citi Private Bank, Invesco Asia in Hong Kong and Merrill Lynch Investment Managers in London. He was also a founding partner of VinChi Capital, a private equity firm that focused on real estate and infrastructure opportunities in Vietnam. Tan Su Shan, Group Head of Wealth Management at DBS, said, "As we work towards becoming the leading private bank in Asia, one of our priorities over the last year has been to focus on training and grooming talent from within. To support our growth ambitions, we have supplemented this with a number of strategic hires. Our ability to attract highly experienced, high-calibre people to DBS Private Bank is testament to the strength of the DBS brand and our Asia franchise. With the rise of Asia, increasingly, we are seeing private bankers gravitate towards opportunities presented by being part of an Asian bank, offering Asian portfolio solutions." DBS Private Bank has been named the "Best Local Private Bank in Singapore" for four consecutive years (2007-2010) by the Euromoney Private Banking Poll. It was also voted as the "Best Domestic Private Bank in Singapore" in the Asiamoney Private Banking Poll in July 2010. In October 2010, DBS Private Bank was named "Best Private Bank in Singapore" by The Banker and Professional Wealth Management, which are part of the Financial Times Group.  

HSBC Global Asset Management has relocated its global chief investment officer for wealth from London to Hong Kong.

 

Threadneedle appointed Raymundo Yu to the newly created position of Asia Pacific Chairman. Mr Yu’s appointment will expand relationships and build on the established presence of Ameriprise’s asset management businesses in Asia, leveraging the considerable investment capabilities of Threadneedle and its sister company Columbia.

Bank Sarasin named Michael Coglin as a Managing Director and Chief Investment Officer Asia, based in Hong Kong. Coglin reports directly to Enid Yip, Chief Executive Officer Asia, on a regional basis, and to Burkhard P. Varnholt, Head of the Asset Management, Products and Sales Division, Chief Investment Officer and a member of the Executive Committee, on a functional basis. Michael Coglin has more than 20 years’ experience in senior private banking, asset management and capital market roles. He joins Sarasin from Deutsche Bank Private Wealth Management, where he had worked since 2001. While with Deutsche Bank Private Wealth Management, Coglin has focused on investment solutions, heading International Global Investment Solutions and Product Management and Investment Solutions. He has a strong track record in identifying compelling investment opportunities.

The lender announced replacements of heads of North Asia, South East Asia, and EMEA regions.

Tan joins DBS as Managing Director and Head of Private Banking, succeeding DBS Hong Kong CEO Amy Yip.

Company says Edmund’s experience will help meet expected business growth in the year ahead.

Company expects Soh's extensive work experience in different Asian countries could enhance its regional network.