Russell Investments names Asia Pacific investment chief
Russell Investments has appointed Andrew Pease as head of investments for Asia Pacific.
Pease has worked at the firm since 2006, most recently as chief global investment strategist. He will relocate from London to Sydney in July for his new role, the US asset manager says in a statement on May 29.
He will report to Jon Eggins, head of portfolio management.
According to Eggins, Pease’s “ability to connect macro insights to portfolio outcomes will directly benefit clients, especially as they navigate an increasingly complex investment landscape”.
Aberdeen Investments appoints new Asia Pacific equities head
Aberdeen Investments has promoted Pruksa Iamthongthong to head of equities in Asia Pacific to succeed Flavia Cheong, who is retiring in December after 30 years at the firm.
Iamthongthong, who is currently deputy head of Asia Pacific equities, has worked at the UK asset manager for almost two decades. The company announced her appointment in a statement on May 29.
According to Devan Kaloo, Aberdeen’s global head of equities, Iamthongthong has been “a key face of the franchise and is well-positioned to lead the team into its next chapter”. He also paid tribute to Cheong for helping to put “Aberdeen on the map in Asia”.
Julius Baer promotes duo to Southeast Asia market heads
Swiss private bank Julius Baer has promoted Shu Wei Ho and Vi Sun Yang to market heads for Southeast Asia, based in Singapore.
Their appointments are effective July 1 and they will report to Jimmy Lee, region head for Asia, the bank says in a statement on May 30.
They succeed Chin Lit Yee who is retiring after a four-decade career in banking, including the last ten at Julius Baer.
Ho is currently market head of Thailand, Japan and Asia Switzerland, and Yang is group head of Southeast Asia. Both have worked at Julius Baer since 2022.
According to Lee, the duo, with their experience and market insight, will be “instrumental” to the bank’s expansion in Asia. He also commended Yee for steering the business through “a period of strategic transformation”.
RBC Wealth Management beefs up Hong Kong private banking team
RBC Wealth Management, the private banking and wealth management arm of Royal Bank of Canada, has hired six private bankers in Hong Kong to bolster its business in China, Hong Kong and Taiwan, and its presence in Asian regional markets.
Becky Chu, Grace Yu, Ingrid Lau were tapped from Credit Suisse, UBS and Credit Suisse Private Bank, respectively.
The trio were named as managing directors of RBC Wealth Management while Angie Chow, Erica Cheung and Roger Kiu were appointed as executive directors.
RBC Wealth Management announced their appointments in a statement on June 3.
Chow joins the company from HSBC Global Private Banking. Cheung has had stints at BNP Paribas Wealth Management and Bank of Singapore, while Kiu was most recently senior director at J. Safra Sarasin Group, according to his LinkedIn account.
Wellington Management names Southeast Asia head
US asset manager Wellington Management has hired Chia Chia Chng as head of Southeast Asia for global wealth, based in Singapore.
She joins the company from J. P. Morgan Asset Management, where she was the private bank distribution chief for Asia.
She started at Wellington on May 26 and reports to Roy Smale, partner of global wealth management, a company spokesperson says in an email to Asia Asset Management confirming news reports of her hiring.
