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Caproasia Online Logo 1 Square 400 by 400Top Headlines in the Last 7 Days 

(9th – 15th Jan 2017)

No. 1 UBS Appoints Co-Head of Global Ultra High Net Worth

UBS announced the hiring of ex-Deutsche Bank AG Asia Pacific Wealth Management Head Ravi Raju as co-Head of its global ultra high net worth Asia Pacific business.

Ravi Raju joined Deutsche Bank in 2007 and played an important role in building its Asia wealth management business in Asia. He will work with Amy Lo, Head of Wealth Management in Greater China and Co-Head of Global Ultra High Net Worth business in Asia Pacific. Learn More …


No. 2 Morgan Stanley’s International Wealth Management Head Exits


James Jesse, Morgan Stanley’s International Wealth Management Head exits the firm. Jesse joined the firm in 2000 in the fixed income unit and went to the wealth management department in 2006.

Colbert Narcisse who is in charge of product strategy and development in the investment solutions division will replace Jesse in the new role. Learn More …


No. 3 J Safra Sarasin Hires New Managing Director, Client Advisory 

J Safra Sarasin has appointed Masaki Sugawara as Managing Director, Client Advisory as of 9th January.

Prior to this, he was a Hong Kong based director for Japan market at Deutsche Bank Private Wealth Management. He will be responsible for advising in Asia as a Private Banker. Learn More …


No. 4 Swiss Banker is First Foreigner Jailed in Singapore for 1MDB Scandal

Jens Fred Sturzenegger who was in charge of the Singapore branch of Falcon Private Bank was jailed seven months in Singapore for money laundering and other offences related to 1MDB.

He was also fined US$89,000 after pleading guilty. He is the first foreigner linked to the 1MDB scandal in Singapore. Learn More …


No. 5 Vontobel Asset Management Appoints New Head of Intermediary Sales

Vontobel Asset Management has appointed Suzanna Wong as Head of Intermediary Sales Asia. She will be in charge of managing relationships with intermediary channels in Singapore and Hong Kong.

She was previously from SYZ Asset Management where she was the Head of Sales Asia. Learn More …


No. 6 Banque SYZ Closes Asset Management Unit in Hong Kong

Switzerland’s Banque SYZ has closed its asset management unit in Hong Kong to concentrate on European markets. SYZ Asset Management (Asia)’s licenses to conduct asset management, dealing and advising on securities activities have been removed on 22nd December 2016.

The firm first received its asset management license in Hong Kong in 2004. Learn More …


No. 7 Quaero Capital Expands Family Enterprise Fund in Asia

Quaero Capital is expanding to Asia with licensed local fund distributor Peak Capital to promote Quaero’s Family Enterprise Fund and other high conviction investment strategies to professional investors in the region.

Quaero will also be offering their Yield Opportunities Fund which has a 5 star Morning star rating, a global emerging markets fund and an Infrastructure fund through Peak Capital. Learn More …


No. 8 Standard Chartered Makes Senior Hires for Private Bank and Wealth Management Team

Standard Chartered has made recent hires for its Greater China and North Asia (GCNA) Private Bank. Harry Lai, who was previously at Barclays has been made Market Head of GCNA. Two other Market Heads for GNCA were hired earlier in August 2016.

The Market Heads report to Vivian Chan who was appointed as Regional Head of Private Banking for GNCA last July. Her role officially starts on 6th January this year. Learn More …


No. 9 SFC Bans Financial Planning Manager for Nine Months

The Securities and Futures Commission (SFC) has banned Mr Choi Siu Ki, a former financial planning manager of Dah Sing Bank Limited from re entering the industry for nine months from 7 January 2017 to 6 October 2017 for forging client signatures.

The SFC found that in August 2015, Choi forged a customer’s signatures on two insurance application documents in order to submit the documents in time before deadline. Learn More …

No. 10 Tokio Marine Life Insurance Singapore Launches First Plan for Early Stage Disability Protection Gap

Tokio Marine Life Insurance Singapore Ltd. launched TM Protect 1, the first disability income plan in Singapore to offer support during the critical early stages of disability.

TM Protect 1 fills a vital protection gap for Singaporeans looking to insure themselves against the heightened risk of disability that comes with longer life expectancy. Learn More …


Credits: SFC Press ReleaseReuters, Fund Selector Asia, Vontobel Press Release, South China Morning Post, Fortuna Asset Management Press Release

January 2016 Headlines


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