Gunther and Takahashi to co-head Apac equities at UBS
CJ Beshke, head of equities for Asia Pacific will step down from the bank after 24 years, effective mid-May, according to an internal memo seen by Asiamoney PLUS.
He will be replaced by Shane Gunther and Taichi Takahashi, who will become co-heads of equities for the region, with immediate effect. They will report to Chi-Won Yoon, Asia-Pacific chief executive officer, and Mike Stewart, head of global equities.
Gunther is currently head of cash sales for Asia Pacific. He joined the bank in 1999 and has previously headed the research team in Thailand and Japan. He has also held the position of head of Japan equity sales. Before working for UBS he was an analyst at HSBC Securities Asia in Hong Kong and Bangkok.
Takahashi is currently the co-head of equities trading for Asia Pacific and joined UBS in 1994 in Tokyo. Takahashi has headed the Japan Trading team and also held the position of co-head of Japan equities because taking over as sole head in 2008.
Beshke joined O’Connor & Associates in Chicago as a trading assistant in 1989. He then worked in London before relocating to Hong Kong in 1996, where he has been ever since. He has taken on various roles at UBS including head of equity trading for Asia Pacific before he was named head of equities.
Credit Suisse in Southeast Asia reshuffle
Credit Suisse has made some changes to its Southeast Asia investment banking (IB) division with Rizal Gozali and Edwin Low named co-heads of the bank’s Southeast Asia IB department.
Gozali moves to the role from his position as head of Indonesia coverage. Low was previously the head of Singapore and Malaysia coverage. In their new role they will cover Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Gozali is based in Jakarta and Low in Singapore.
Gozali joined Credit Suisse in June 1999 as a relationship banker in the Indonesia investment banking team. Before this he worked at Bankers Trust Indonesia for five years in the corporate finance division. Low joined Credit Suisse in Singapore in 1996 after leaving Schroders in Sydney where he worked as an M&A banker.
They will both report to Vikram Malhotra, head of IB department for Asia Pacific on a functional basis, and to Helman Sitohang, head of the investment bank for Asia Pacific on a regional basis.
In addition, Robby Winarta, a managing director in the Indonesia coverage team has been named head of Indonesia coverage. He will report to Gozali and Low. He is also based in Jakarta.
Barings hires Tang from JPMAM
Marco Tang has joined Baring Asset Management in the newly created role of head of sales, client service and business development for mutual fund distribution, across Hong Kong, China and Singapore.
He will be based in Hong Kong and report to Gerry Ng, chief executive officer for Asia ex-Japan. He joins the firm from J.P. Morgan Asset Management where he was executive director and head of intermediary business.
Before this he worked in sales positions at Allianz Global Investors, HSBC Asset Management and Jardine Fleming Unit Trusts.
RBC WM hires three to Indonesia sales
Royal Bank of Canada (RBC) Wealth Management has made three hires to its Indonesia-focused sales team. Samuel Witjaksono will become executive director, reporting to Febby Avianto, managing director and market manager. He will be based in Singapore.
Reto Caviezel and Kusnadi Sudikarman will become directors for RBC Wealth Management. They will also be based in Singapore and report to Avianto.
Louis to head Indonesia investment advisory at Carlyle
Rajiv Louis will head up investment advisory in Indonesia and take on the role of managing director in the Carlyle Asia buyout team, at alternative asset manager the Carlyle Group.
He moves to the firm from UBS where he worked for almost ten years, most recently as managing director, country head and head of investment banking in Indonesia.
Seven-strong team joins Bingham in Tokyo
Bingham McCutchen has hired a seven-person investment funds team in Tokyo. Christopher Wells and Tomoko Fuminaga have joined as partners of the company’s investment management group, along with five other lawyers, including Carol Tsuchida and Koji Yamamoto.
Wells and Fuminaga co-headed the investment funds and regulatory team at White & Case.
Fuminaga specialises in financial regulation and corporate law with a focus on banking, securities and asset management companies. Wells also focuses on financial services as well as cross-border M&A and regulatory matters.