StanChart’s Kumar takes over from Stoehr in capital markets
Standard Chartered has promoted Anand Kumar to global head of capital markets as part of a strategy of fostering greater collaboration between different groups within the bank.
Kumar, who started in his new role on October 1, was most recently the bank’s regional head of client coverage, southeast Asia where he was responsible the bank’s key corporate and institutional clients across southeast Asia and Australia.
He replaces Carsten Stoehr who has moved up to become global head of financial markets sales having joined the bank in April 2012 to run capital markets.
Kumar joined Standard Chartered in 2004 and has held a number of senior positions with the bank including building its M&A and leverage finance business in southeast Asia.
Feldman takes on yen rates at Nomura
Nomura has moved to boost its Japan global markets team, hiring Barrie Feldman as co-head of yen rates trading to work alongside Naoya Murata, according to an internal memo seen by Asiamoney PLUS.
He will mainly focus on the yen derivatives business and also develop the US and European flow rates products franchise in Asia.
Feldman joins from BNP Paribas where he was head of fixed income trading. Based in Tokyo, he will report to Yutaka Nakajima and Matt Reader.
HSBC promotes Bevan to SWF chief
HSBC’s Michael Bevan has become the bank’s new head of sovereign wealth funds for Asia Pacific, from his current role as head of equity capital markets for Middle East and Africa. The appointment is effective immediately and Bevan has relocated to Hong Kong.
In his new role, Bevan will work closely with the SWF team in London and the Middle East, as well as with the asset managers coverage team in the financial institutions group.
He joined HSBC in 2000 and spent the last six years as member of the Middle East ECM team. Before that Bevan worked in both the M&A and ECM teams in London and has over 15 years of investment banking experience with a focus on emerging markets.
Bevan will report regionally to Russell Julius, head of banking Asia Pacific, and functionally to Evans Haji-Touma, global head of sovereign wealth fund banking.
BAML’s Wood takes reins on Oz IB
Bank of America Merrill Lynch has promoted David Wood to head of Australia investment banking.
Wood joined the firm in 2010. He was most recently head of the natural resources team in Australia and since March of this year also served as deputy head of Australia investment banking.
A qualified lawyer, Wood has more than 15 years experience in the banking industry advising natural resources clients in Australia and beyond.
He reports to jointly to Jayanti Bajpai and Jiro Seguchi, co-heads of Asia Pacific global corporate and investment banking, and Kevin Skelton, CEO and country executive for Australia.
Threadneedle buffs up Asian equities unit with five hires
Threadneedle Investments has announced five new hires for its Asian equities unit in Singapore. Soo Nam Ng leads the list, joining as the company’s head of Asian equities. In his new role, he reports to head of equities Leigh Harrison.
Before joining Threadneedle Ng was chief investment officer for Nikko Asset Management, which he joined in 2007. The 18 year industry veteran started his career at Schroders Investment Management and has also worked for Mirae Asset Global Investments.
Bernard Lim becomes senior fund manager for Asia Pacific ex-Japan. He joins from Fullerton Fund Management, where he was senior vice president, equities.
In addition, Christine Seng, Weixiong Liang and Wee Jia Low are now also part of Threadneedle’s Asian equities team. Seng joins as a fund manager covering Singapore and Australia, Liang as an analyst and Low as a senior associate. All three came from Nikko Asset Management.
Chia joins State Street in SG
Elizabeth Sok-Gek Chia has joined State Street as its new head of global services for Southeast Asia and Singapore branch manager.
Based in Singapore, Chia became a member of State Street’s Global Services (SSGS) team on 27 September. She is responsible for expanding State Street’s business with new and existing clients across Singapore, Malaysia, Thailand and Brunei. As branch manager Chia will have overall responsibility for ensuring effective governance for the Singapore office.
Chia joins State Street from BNP Paribas Securities Services where she was a managing director and head of client development, asset owners and asset managers, Asia for over four years. Prior to that, she worked at DBS Bank where she was head of global transaction services - securities services.