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Top Headlines in the Last 7 Days 

(4th – 10th Sept 2017)

No. 1 Goldman Sachs Appoints Jason Moo as CEO in Singapore

Goldman Sachs has appointed Jason Moo as CEO in Singapore, taking over from Frederick Towfigh.  Frederick will become a retired partner and advisory director.
Jason continues to hold the appointment of the regional manager for Southeast Asia and Australia for Private Wealth Management.  He had been with the bank since 1998, starting as a financial analyst and become Managing Director in 2007. Learn More …

No. 2 Lenovo Founder Buys 89.936% of Banque Internationale à Luxembourg (BIL)

Legends Holdings Corp, has acquired Precision Capital’s 89.936% stake in Banque Internationale à Luxembourg (BIL), a leading universal banking group headquartered in Luxembourg.  The Grand Duchy of Luxembourg will retain its 9.993% shareholding in BIL.
Legend Holdings Corp is a Hong Kong- listed diversified investment group founded in 1984 by Liu Chuanzhi.  It has assets of €43.92 billion, annual revenues in excess of €40 billion and close to 70,000 employees worldwide. Lenovo Group, one of its portfolio companies, was founded by Legend Holdings in 1984 and is now one of the world’s leading vendors of personal computers.  Lenovo successfully acquired IBM’s global PC business in 2004, subsequently investing and growing the brand into a global leader.  Learn More …

No. 3 BNP Paribas Asset Management Appoints COO Rakesh Vengayil as Deputy CEO Asia-Pacific

BNP Paribas Asset Management has appointed existing COO, Rakesh Vengayil as the newly created role of deputy CEO for Asia-Pacific.
He took over the role from Tino Moorrees, who had left the firm and will report to Asia-Pacific CEO Ligia Torres.  Learn more …

No. 4 Pictet Appoints David Gaud as Chief Investment Officer for Asia

Pictet Wealth Management has appointed David Gaud as Chief Investment Officer for Asia.  He will report to Cesar Perez Ruiz, Chief Investment Officer (Global).
He joins from Edmond de Rothschild Asset Management, where he joined in 2006.  Prior, he was with HSBC Bank, Deutsche Bank and Fimat Bank.  Learn More …

No. 5 CEO Vincent Duhamel Departs from Lombard Odier, Joins Fiera Capital as Global President

Lombard Odier CEO Asia, Vincent Duhamel had left to join Fiera Capital as the new Global President and Chief Operating Officer, an asset management firm with more than $125 billion AUM.

He last held the role of of capital partner and chief executive Asia at Lombard Odier.  Prior, from 1997 to 2011, he was the CEO of Sail Advisors, a hedge fund.

His illustrious career includes being the Managing Director at Goldman Sachs in Hong Kong, and CEO of State Street Global Advisors. Learn More …

No. 6 Crossinvest Appoints Former Standard Chartered Senior Executive Gary Tiernan as Head of Investments

Crossinvest has hired Gary Tiernan as Head of Investments in Singapore. He will be responsible for the suite of investment services and work towards further  strengthening Crossinvest’s core investment proposition.

Gary Tiernan joins from Standard Chartered Private Bank, holding senior leadership roles including Global Head of the Investment Advisory, Fiduciary & Sales Management functions and was also a member of the Global Management and Investment Committees.

From 2000 to 2008, he was with Deutsche Bank Private Wealth Management in Switzerland and in Asia, where he was the Asia Regional Head of Global Investments & Sales and a member of the Asia Management Committee.  He started his career in financial markets in London where he led teams in derivatives and proprietary trading.  Learn More …

No. 7 Bank of Singapore Hires Angel Wu as Head of Product Management Group in Hong Kong

Bank of Singapore has hired Angel Wu as Head of Product Management Group in Hong Kong.
She joins from ABN AMRO where she held the role of Regional Head of Products and Solutions.  Prior, she was with Dah Sing Bank, Citibank, Bank of East Asia and Mees Pierson.  Learn More …


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