Jonsson takes over from Cracknell at StanChart
Cristian Jonsson will take over as the new global head of loan syndications at Standard Chartered, effective January 1 next year. He will be based in Singapore and report to Carsten Stoehr, global head of capital markets.
He joined the bank as global head of bond syndicate in August 2009, and is also currently the regional head of capital markets for Southeast Asia. He takes over from Philip Cracknell, who will leave the bank at the end of March 2013.
Aaron Russell-Davison will be appointed head of global bond syndicate. He joined the bank in 2009 and is currently the head of Asian debt syndicate. He will continue to be based in Singapore.
Head of Asia rates sales leaves Credit Suisse
Managing director and Apac head of rates sales, Alister Moss, left the bank last Friday (November 23). He had been head of DCM sales since 2006, when he moved roles from his position as head of syndicate for Asia at the bank.
He moved to Hong Kong with Credit Suisse to head up debt syndicate in 2002, and has been working for the bank since 1995.
The news followed swiftly after a big shake-up at the bank that saw the departures of Fawzi Kyriakos-Saad and Osama Abbasi, its EMEA and Asia Pacific CEO’s. Eric Varvel, who joined the bank in 1990, will become CEO of Asia Pacific and Gael de Boissard will take on the role of CEO of EMEA. Varvel has worked in Asia for 15 years, based out of Tokyo, Jakarta and Singapore.
His roles have included head of investment banking and emerging markets coverage as well as head of fixed income sales and corporate derivative sales. Also in Asia, Vik Malhotra was named head of the investment banking department for Apac on November 20. He has been co-head of the business since 2009.
In other news, Justin Crane, head of loan syndicate for Asia ex-Japan, has resigned from the bank. He was based in Singapore, and had worked for the Swiss bank for two and a half years. He will take gardening leave for three months.
He headed up a three-person loan syndicate team also comprising Joe Cheung and Saurabh Banglani, and reported to Ali Abbas Alam and Riddhi Shah, co-heads of the emerging markets financing group.
Solway leads Apac equity finance at BNY Mellon
BNY Mellon has hired Paul Solway as managing director and regional head of equity finance for Asia Pacific. He will be based in Hong Kong and report to Robert Chiuch, managing director and global head of equity finance, based out of New York.
Solway has worked in financial services for more than 20 years. Before he joined BNY Mellon he worked for Macquarie Bank, HSBC Securities and Nomura International.
Kirkby to head extended Hong Kong IB operations at CIMB
Matthew Kirkby, CEO for Hong Kong and co-head of investment banking at CIMB, will head up a 192-person team in Hong Kong, following its acquisition of some of the Royal Bank of Scotland’s (RBS) investment banking business.
Kirkby has worked for more than 15 years in investment banking in Europe and Asia. He was previously head of global banking for Asia Pacific at RBS, overseeing debt and equity capital markets as well as corporate finance.
Citi moves Lo to CEO role
Weber Lo has been appointed as the new Citi country officer (CCO) and chief executive officer (CEO) for Citi Hong Kong and Macau, effective January 1, 2013. He will succeed Shengman Zhang, who will continue in his position as co-chairman for Citi Asia Pacific.
In his new capacity, Lo will be responsible for all of Citi’s businesses in Hong Kong and Macau. He will also join the bank’s Apac executive committee, reporting to Citi Asia Pacific CEO, Stephen Bird.
Lo joined the bank in 2000 and is currently head of consumer banking at Citi in Hong Kong and Macau. Before this he worked at Coca-Cola China and Procter & Gamble.
Coutts poaches Lam from Merrill Lynch
Coutts has appointed Joseph Lam as managing director and head of the private office in North Asia. He will be based in Hong Kong and will focus on expanding the ultra-high-net-worth (UHNW) business. He reports both to Duncan MacIntyre, head of Coutts private office, and Ignatius Chong, head of Hong Kong for the private bank.
He joins from Merrill Lynch where he was a managing director responsible for the private investment banking group (PIBG) in Hong Kong. Before this he worked at Goldman Sachs, covering the UHNW sector in New York, as well as working on building up the US bank’s Hong Kong office.
PRUPIM opens offices, hires four
The property investment management arm of Prudential, PRUPIM, has opened new offices in Tokyo and Seoul and made four senior appointments.
Katsuhiro Ishikawa has been appointed managing director to lead PRUPIM’s business in Japan. He has over 20 years of real estate experience in the Japanese market, and has worked for Daiwa Securities, UBS and Goldman Sachs. He joins PRUPIM from Mori Building.
James MacKinnon is the new head of asset management for the firm in Singapore, in charge of managing the company’s assets in the Asia Pacific region. He is based in Singapore, reporting to PRUPIM Singapore CEO Scott Girard. He also has more than 20 years experience in real estate, and joins from AIG Global Real Estate Asia.
Lyndon Lim will join the Singapore team as an associate director in the asset management team, joining the firm from Lend Lease Retail. In Seoul, Sanghyuk Lee has been named associate director of the new office of PPIM Korea, a subsidiary of PRUPIM Singapore. He will be in charge of managing the firm’s assets in Seoul. He joins from Savills where he was a director.
Fidelity cuts Apac CEO
Arne Lindman has left Fidelity Worldwide Investment as the firm decided to cut the role of Apac CEO. Leading the company in Asia, as of November 26, are Mark Talbot, managing director for Asia Pacific ex-Japan and Judy Marlinski, president of Japan. Both are part of the firm’s global operating committee.
Lindman was appointed Asia Pacific CEO at the asset manager at the end of 2009, reporting to Barry Bateman, vice-chairman of Fidelity International. Before this he was chief executive of Prudential’s Asian asset management business, after moving from his position as head of ABN Amro’s asset management business in the region.
Talbot has worked in the asset management business for 20 years, in Japan, London, San Francisco and Hong Kong. Before joining Fidelity Worldwide Investment in 2011, he was CEO of Asia ex-Japan for Barclays Global Investors, based in Hong Kong. He has also been head of international bonds at State Street Global Advisors.
Marlinski has worked at Fidelity since 2003, when she moved to Japan to take on the role of chief operating officer for investments. In 2006 she became head of product management and she took on her current role in June last year.
Alter Domus appoints Singapore head
Tervinder Chal has joined Alter Domus as country leader of the Singapore office. The firm, which specialises in corporate management and fund administration services, also has offices in Beijing and Hong Kong.
Before joining the company, Chal worked for PricewaterhouseCoopers and KPMG. He then worked for four years for Vastardis Capital Services, also based in Singapore.
Cordea Savills appoints Asia business development director
Reynold Chan has been named business development director for Asia at Cordea Savills. He will be based in Hong Kong and report to Justin O’Connor, chief executive officer of Cordea Savills.
Chan will be responsible for institutions, family offices and high-net-worth-individuals (HNWIs) in Asia. He joins from Calista Consultants, where he was a principal focusing on real estate and financing solutions for operating businesses involved in real estate and M&A in the region.