Head of Asia credit sales exits Deutsche
Singapore-based head of credit sales for Asia at Deutsche Bank, Paul Gamble, a managing director, has left the bank as part of a restructure of Deutsche’s institutional client group (ICG) products division, effective immediately.
Gamble’s duties are taken over by Matthew Blackwell, head of interest rate and commodities sales Asia, and David Beale, head of global finance and foreign exchange (FX) sales.
Singapore-based Blackwell and Beale will co-head the integrated ICG products division, which combines the credit, rates, FX and commodities products sales teams into a single ICG Asia Fixed income, currency and commodities (FICC) sales team.
The co-heads will continue to report to Marzio Keiling, Asia Pacific head of Deutsche Bank’s institutional client group. Keiling elevated to that role in June of last year after the co-chief executive officers Alan Cloete and Gunit Chadha restructured Deutsche’s corporate and investment bank into the corporate banking and securities and global transaction banking groups.
Asiamoney PLUS was unable to reach Gamble for comment.
DBS names Batra head of GTS sales
Vivek Batra has taken on the role of head of sales for global transaction services (GTS) at Singaporean bank DBS, effective February 1.
He joined the bank in 2005 and was most recently head of the institutional banking group in India. Before this he worked for both HSBC and Kotak Group.
He replaces Ken Stratton who plans to go into semi-retirement after 32 years in banking and will move back to Australia.
Stratton has managed transaction banking businesses in Hong Kong, New York, Singapore, Sydney and Tokyo, working for Citibank, DBS, J.P. Morgan and Standard Chartered. He will continue to work for DBS this year in product, sales and working capital management.
UBS relocates Japan equity derivates to HK
The equity derivatives trading team at UBS will relocate from Tokyo to Hong Kong. Three traders have already moved, though it is unknown how many more will follow. A spokesperson from UBS in Hong Kong declined to comment on the moves.
Temasek announces management reshuffle
The Singapore-backed investment house rotated its senior management positions on February 1. According to Temasek’s website, Chia Song Hwee has taken over as head of the firm’s investment group. He will also co-head the China division, headed by Wei Ding.
Tan Chong Lee, former chief investment officer, will now be responsible for the portfolio and strategy group as well as for portfolio management. He will also co-head Singapore and the Americas.
In Asia, Nagi Hamiyeh will head up Temasek’s Australia and New Zealand investments and David Heng will lead Southeast Asia. Rohit Sipahimalani will take control of the India investments team.
Poon to head up institutional biz at OMAM
Miranda Poon will lead the institutional business team in Asia ex-Japan at Old Mutual Asset Management (OMAM).
She joins the asset management firm from American Century Investments, where she worked in Hong Kong as the director of the institutional advisory group for North Asia.
Before this she was the vice president of business development for Asia ex-Japan at Pictet, Asia, and investment director of business development at Standard Life Investments, Asia.
Saigal joins Unigestion Asia as non-executive director
Aje Saigal has joined the board of directors at Unigestion Asia as a non-executive director. He joins Bill Foo, Unigestion Asia Chairman, as the second senior local appointment to the asset manager’s regional board. He joined the company in December and is based in Singapore.
Saigal is a former managing director and head of strategy at the Government of Singapore Investment Corporation (GIC) and has more than 30 years experience in investment management in Asia.
He joined GIC when it first started in 1981, as an equities portfolio manager and became chief investment officer of global equities in 1990.
Unigestion Asia now has a team of seven in its Singapore office, led by Bernard Sabrier, Unigestion Group Chairman and Nicholas Hulme, executive director. Robert Collan also transferred to Singapore in November 2012.
Tse takes on business development at CCAM
Cathay Conning Asset Management (CCAM) has appointed Koonnang Tse business development director at the firm. He will be responsible for Hong Kong, Taiwan and China and will report to Mark Konyn, chief executive of CCAM.
He joins from Amundi where he also focused on institutional business development for clients in Hong Kong and Taiwan. Between 2006 and 2009 he was vice president at Pimco covering Scandinavian central banks and large pension funds. He started his career at Hewitt Associates.
Pictet equity traders relocate to HK
David Clark, equity trader at Pictet Asset Management relocated from Singapore to Hong Kong in early January and will be joined shortly by Jeremy Kirkman. It follows the move of the firm’s Greater China equities investment management from Europe to Hong Kong, in 2012.
In Europe, the team was managed by Lan Wang Simond, but is now led by Pauline Dan, head of greater China. David Chen is now the senior investment manager. Both joined the company in the second half of last year. Dan joined Pictet from Samsung Investment Management HK, where she was CIO. Chen joined from Amundi Asset Management, HK.
Clifford Chance’s Newick relocates to HK
The firm’s head of banking litigation in London, Matthew Newick, will relocate to Clifford Chance’s Hong Kong office. He will join the litigation and dispute resolution team.
Newick has 25 years experience specilaising in commercial dispute resolution, with a focus on financial disputes and regulatory investigations. He will spend time in Hong Kong over the next few months and relocate permanently in the summer. The firm’s Asia Pacific litigation team comprises 70, with 13 partners.