HSBC names Australia and Philippine CEOs and Asia FIG head
The bank has appointed new chief executive officers for its operations in Australia and the Philippines. Tony Cripps will take over the role of CEO for Australia from Paulo Maia, who is moving to Canada to take over the bank’s Canada operations, following the retirement of Canada CEO Lindsay Gordon.
The change is effective from December 24.
Cripps began his career with HSBC as head of derivatives trading in Australia in 1986. After that he worked in Hong Kong and London before returning to Australia in 2006 where he was most recently appointed head of global banking and markets in 2009. In 2010 he moved to the Philippines as CEO.
He will be replaced in the Philippines by Wick Veloso, who moves to the role from his position as head of global banking and markets for HSBC Philippines. Veloso is the first Filipino to be appointed CEO for the country at HSBC. He has worked for HSBC for 18 years, in Hong Kong, London, New York, Tokyo and Singapore.
In other news, the bank has hired two bankers from J.P. Morgan to join its financial institutions group. Olivier de Grivel is the new head of financial institutions group (FIG) in Asia Pacific, and vice-chairman for global FIG. At J.P. Morgan he was most recently head of FIG in Asia and had worked at the bank for 30 years.
Simon Derrick has also joined from J.P. Morgan as head of asset managers, hedge funds and reserve managers for Asia Pacific, part of FIG Asia Pacific. In his previous role he worked with de Grivel to head up the sovereign fund coverage in Asia.
Sopori to head HY capital markets at BNP Paribas
Sameer Sopori has joined BNP Paribas as head of high yield capital markets for the Asia Pacific region. The role was effective from November 6.
He is based in Singapore and reports directly to Frank Kwong, head of syndicate for Asia, as well as Chanant Charnchainarong, head of fixed income for Southeast Asia.
He has worked in corporate finance, leverage finance and high yield transactions for over 20 years, based both in Asia and Europe. Before joining BNP Paribas he was global head of the high yield product group at Standard Chartered. He has also worked at Credit Suisse, UBS and Morgan Stanley, in London and Hong Kong.
StanChart hires Sun to cover North Asia
Steven Sun has joined Standard Chartered as head of North Asia financial institutions (FI) strategic coverage. He will be based in Hong Kong and report jointly to James Pearson, global head of FI strategic coverage and Darcy Lai, head of North Asia origination and client coverage. The role was effective from October 8.
He joins Standard Chartered from Barclays where he built out the Asia Financial Institutions Group (FIG) team. He has also worked for Merrill Lynch and UBS where he was co-head of the financial institutions group in Asia.
Desbarres exits Barclays after outburst
The bank has fired Singapore-based head of FX strategy for Asia Pacific ex-Japan, Olivier Desbarres, after a video appeared on the internet showing him shouting a series of expletives at a building site in the city state.
A spokesperson from the bank confirmed the departure but declined to comment on whether Desbarres has been replaced.
NAB appoints two to Asia in expansion efforts
Dean Cleland has joined National Australia Bank (NAB) as head of private financial services for Asia, and Mark Borton has been appointed head of product management Asia, for the bank’s global transaction banking business. The roles are effective November 8.
The appointments follow the relocation of David Thorn, global head of consumer sectors, to Asia, as well as the appointment of the bank’s Asia CEO, Spiro Pappas, at the end of October. Cleland will be based in Singapore. Before joining NAB he worked at ANZ, as head of retail for South and Southeast Asia in 2008, and most recently as the bank’s China programme director and Asian core engine programme director.
Borton joined NAB in Australia in 2010 as head of trade finance product. In his new role he will also be based in Singapore, with an initial focus on trade finance, payments and cash management, including technology platforms for these products. Before joining the bank, Borton worked for Standard Chartered, both in Hong Kong and in London.
Macquarie poaches Morgan Stanley’s van Dijk
Arthur van Dijk has joined Macquarie in Hong Kong as a director in its equity capital markets (ECM) team in Asia. He will move to Hong Kong from Singapore, where he has been a vice president in the equity origination team at Morgan Stanley since early 2009.
The new role is effective from December 1 and he will cover the entire Asia Pacific region. Van Dijk left Morgan Stanley in February this year.
BNY Mellon names business development head
Wendy Lim has been appointed regional head of business development for Asia Pacific investment management at BNY Mellon. Based in Singapore, Lim will report to Jane Caire, head of strategy, development, product and marketing.
She joins from ANZ where she was the managing director for retail banking and wealth management for Asia Pacific, as well as the general manager for marketing for the ANZ franchise in Asia Pacific, Europe and America. She joined ANZ after the bank acquired several of the Royal Bank of Scotland’s (RBS) businesses in Asia.
Lucocq to head Apac technology and operations at BoA-Merrill
Simon Lucocq will take on the role of head of technology and operations across the Asia Pacific region at Bank of America Merrill Lynch. He will report to Bill Pappas, chief information officer for global wholesale banking, as well as to Matthew Koder, president of Asia Pacific. He will be based in Hong Kong.
He joins the bank from Nomura where for the past four years he has been global chief information officer. Prior to this he was the chief information officer in Asia Pacific at Lehman Brothers, based in Tokyo. In his new role he is taking over from Dennis Arnum, who is retiring from the bank after working for the company for 37 years.
Jefferies employs five to Apac team
Jefferies group has added five members to its Asia investment banking business, all of which will be based in Hong Kong.
Sherry Liu is the firm’s new chairman for Asia and vice chairman for global investment banking, joining from RBS where she was chairman and CEO of RBS China. Before this she worked at J.P. Morgan for seven years as a vice chairman as J.P. Morgan in China, as well as at Lehman Brothers and CLSA as head of China investment banking.
Danny Wong joins as managing director and head of Asia equity capital markets (ECM) from Macquarie Capital Securities, where he was most recently managing director and head of ECM for greater China. Before this he worked at Credit Suisse and Merrill Lynch.
Charles Zhou will take on the role of managing director and senior China coverage officer in investment banking. He also joins from RBS where he was a managing director for China investment banking. Before this he worked at Nomura and Lehman Brothers. Another ex-RBS banker, Qing Zhu has been appointed managing director and head of Asia power and utilities investment banking. In his former position he was head of China energy and resources investment banking.
Richard Yang joins the firm from ICBC International, where he was head of consumer and retail investment banking. In his new capacity he is managing director and joint head of Asia consumer and healthcare investment banking.
Newedge names China chief representative
Daniel McGowan has been appointed China chief representative at brokerage, execution and clearing firm Newedge. He will be based in Shanghai, reporting to Laurent Cunin, CEO for Asia Pacific at the firm.
He joins the company from Sino Ventures in Philadelphia, where he was the managing member of the firm. Newedge holds a 42% stake in a joint venture with CITIC Futures in Shanghai.
Pioneer Investments makes three Asia hires
The investment house has hired three senior sales executives to its Asia team. Martin Park has been appointed sales director for Korea, Hiromi Wada joins as Japan representative and Matthew Marks is the new sales director for institutional Asia. All three will report to Jack Lin, head of Asia and the Middle East.
Park joins from HSBC Global Asset Management, where he was team head of the Korean institutional business from 2007. Before this he worked at Citi and HSBC in Korea. He will now be based out of Singapore. Wada joins from Itau Japan Asset Management. He has also worked as head of financial institutions at Pimco Japan, as well as at Cititrust Japan.
Marks will also be based in Singapore, responsible for institutions across Asia ex-Japan and Korea. He joins from Prudential Asset Management where he was a director of institutional business. Prior to that, he has worked at the Macquarie Group, Merrill Lynch and Citibank based in New York and Australia.
Davis to lead Asia investments at Vanguard
Gregory Davis will take on the role of chief investment officer for Asia Pacific at Vanguard Investments, effective during the first half of next year. His current role at the company is principal and head of bond indexing in the fixed income group.
He has been with the firm for 13 years, when he moved from Merrill Lynch. He will now be based in the Australia head office in Melbourne. He is taking over from Joe Brennan who will move to Vanguard’s Pennsylvania to take up a senior role in the investment team.
Davis will head up a team of 45 in Australia, responsible for managing equity and fixed income portfolios both for Asian and Australian investors.