Summary of Leadership Movements in Wealth Management in Asia-Pacific


Here’s a rundown of all the major moves and senior wealth management executive appointments in Asia in September, typically a busy month after the holiday season, though heavily disrupted by the pandemic.

Global Multi-Family Office Alvarium Investments has appointed Peter Golovsky as Managing Director and Head of Family Office Services for Asia Pacific. He is based in Hong Kong. The Australian-born and chartered accountant left private banking positions in Australia at Macquarie and Westpac for Hong Kong in 2011 to advise some of Asia’s largest families and family offices. Golovsky has held senior positions in wealth management, risk management, corporate governance and audit in Australia and the United States. Until recently, he was Managing Director and Head of Private Wealth, Asia, for IQ-EQ, based in Hong Kong.

The Autorité des Marchés Financiers, the New Zealand regulator, has appointed Karen Chang as interim general counsel until the arrival of the new FMA chief executive – Samantha Barrass – in 2022. Chang is responsible for enforcing the rules. laws. Chang’s appointment follows the appointment of Liam Mason, the current general counsel, as interim managing director. Mason took on the role of interim CEO after Rob Everett left the FMA in late October.

Previously a Senior Crown Attorney at Meredith Connell, Chang joined the FMA as Chief Enforcement Officer in 2017.

State Street Global Advisors, part of State Street, has appointed four people for its exchange-traded fund business in the Asia-Pacific region. Kathleen Gallagher has been appointed Head of SPDR ETFs Australia, in addition to her role as Head of Asia-Pacific and EMEA ETF Model Portfolios.

Marie Tsang joined SPDR as a bond strategist for Asia-Pacific. Jean Gan joined SPDR as Fixed Income Sales Specialist for Singapore, Hong Kong and Australia, and Robin Tsui expanded his role to include Asia Pacific Gold Strategist and Gold Sales Specialist for Hong Kong. (SPDR is the company’s ETF brand.)

Gallagher, Tsang, Gan and Tsui are respectively based in Sydney, Singapore and Hong Kong. The four people report to Meaghan Victor, head of Asia-Pacific distribution of SPDR ETFs at Sydney-based State Street Global Advisors.

Stephenson Harwood law firm has appointed partner Suzanne Johnson to join its Singapore office. It has added to its international capabilities in private wealth management. Johnston specializes in international tax and wealth planning, with a focus on advising high net worth individuals, professional trustees, family offices and private banks based in the UK and Asia. Previously at UBS, Johnston worked in different practice areas within private banking and in several jurisdictions in the Asia Pacific region. Her experience was reinforced by the fact that she lived and worked in the area for almost a decade.

AMP Capital has appointed Bopha Ly as Managing Director, Energy, for its infrastructure private equity business. In this role, Ly is responsible for the energy infrastructure investments of AMP Capital, including Endeavor Energy, Macarthur Wind Farm and Powerco in New Zealand. Ly, who has nearly 24 years of industry experience, was previously at AGL Energy, where she held several management positions, most recently as Head of Corporate Development; She also led a large part of AGL Energy’s merger and acquisition activity in the energy division.

Thunes, the Singapore-based fintech company specializing in areas such as global cross-border payments, has appointed Irina Chuchkina as Chief Marketing Officer and Babul Balakrishnan as Head of Customer Service. Both people are based in Singapore.

Prior to joining Thunes, Chuchkina led global brand, communications and social media marketing for Rapyd. She was also a part of Southeast Asian super-app giant Grab, where she helped launch GrabPay, Grab’s mobile wallet, and GrabRewards, its loyalty platform. She spent several years at Visa, where she worked as part of the Visa Innovation Center team and led its marketing and communications efforts across Asia. Balakrishnan has over two decades of experience in various industries, with a focus on customer service and customer experience. Most recently, he was Associate Vice President of Customer Experience Operations at StarHub, the Singaporean telecommunications company.

Investment firm T Rowe Price has appointed Craig Hurt as the new institutional head for Australia and New Zealand. Based in Sydney, Hurt reports to Darren Hall, head of distribution for Australia and New Zealand. Previously, Hurt spent 16 years with AXA Investment Managers, where since 2007 he was responsible for Australia and New Zealand.

Nuveen has appointed Gracee Teo vice president and head of Southeast Asia, institutional, in its Asia-Pacific franchise. Based in Singapore, she reports to Hong Kong-based Senior Managing Director responsible for Asia-Pacific and Middle East, Simon England-Brammer. Most recently, Teo was senior vice president of business development for institutions at Fullerton Asset Management, where she covered public and private sector names in the ASEAN region. She has also held similar positions at Lion Global Investors, HSBC Global Asset Management and ABN AMRO Asset Management.

Citigroup has appointed Rapheal Mun to the new role of Head of Sustainability and Business Transitions for the Banking Group, Capital Markets and the Group Advisory Group based in the United States in Asia Pacific. She moved to Singapore from London. Mun, who is a senior banker in project and infrastructure finance for Europe, Middle East and Africa, reports to Jan Metzger, head of APAC BCMA with matrix reporting lines to Keith Tuffley and Amol Gupte, Country Manager of Citi in Singapore.

After six years as a senior banker for DBS in the region, Shankar Jha joined Deutsche Bank Wealth Management’s Global South Asia (GSA) team as Managing Director and Group Head in Singapore. He reports to Global South Asia chief Amrit Singh. The South Asian markets veteran has also served as a private banker and team leader at UBS and Citibank, where he spent 13 years covering clients in Southeast Asia, the Middle East, India and UK.

Deutsche has hired a second regional veteran, Sachin Thussu in Singapore, as director and senior investment advisor. Thussu is part of the Investment Management team and reports to Global South Asia Investment Management Manager Ritesh Goenka. Thussu has two decades of experience in forex, precious metals and asset advice. Previously, he worked at Credit Suisse, Standard Chartered Private Bank and Citibank in London, Zurich and Singapore, advising private clients and institutions.

Bank Asia’s vice president has appointed Alexander Tsikouras, former senior executive at Pictet, CFO and COO for Asia, and Will Wang director of client solutions and strategic partnerships for Asia in two newly created roles.

Tsikouras is responsible for driving the bank’s financial and strategic operational efficiency in Asia.

Tsikouras reports regionally to Pamela Hsu Phua (CEO Asia), and functionally to Roger Barmettler (Group CFO) and Urs Monstein (Group COO). He has over 20 years of experience with expertise in business development, change and risk management, finance and strategy. Coming from Pictet where he was Chief of Staff for Asia, he holds a PhD in Finance from the University of Piraeus in Greece and a Masters in International Accounting and Finance from the London School of Economics.

Wang, who is based in Hong Kong, reports functionally to Pamela Hsu Phua (CEO Asia) and Thomas von Hohenhau (Head of Group Customer Solutions). Prior to VP Bank, Wang was the Managing Director and Head of the Investment Committee of an SFC-regulated asset manager in Hong Kong. He has over 20 years of experience in private banking, front office, investment to management supervision in international locations spanning Hong Kong, Singapore and Switzerland.

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