HKEX APPOINTED CO-HEAD OF EMERGING BUSINESS DEVELOPMENT

Hong Kong Exchanges and Clearing has appointed Daniel Sonder as co-head of emerging business development, the regulator announced on Wednesday (March 9).

Along with co-director Julien Martin, Sonder will be responsible for leading and growing HKEX’s emerging business opportunities in data, ESG, carbon and digital assets. In the newly expanded joint role, they will also have responsibility for overseeing and enhancing HKEX’s fixed income, foreign exchange, derivatives and post-trade services offering.

Sonder, who is currently CFO of Latin America’s largest exchange group, Brazil’s B3, will relocate from São Paulo to Hong Kong and join HKEX in May 2022. He will report to HKEX Co-Head of Markets Glenda So and Wilfred Yiu. .

Sonder joined B3 as Chief Financial Officer and Head of Investor Relations in 2013. At B3, in addition to his role as Chief Financial Officer, Sonder was responsible for overseeing its corporate philanthropy efforts. Previously, he worked for seven years at Credit Suisse, where he was Managing Director of their asset management division.

Chaoni Huang

BNP PARIBAS PROMOTES SUSTAINABLE EXPERT APAC

BNP Paribas has promoted its head of sustainable capital markets, global markets for Asia-Pacific Chaoni Huang, from executive director to managing director, according to her LinkedIn.

Huang took up his new post on March 1. She is still based in Hong Kong and reports to Liang Si, Head of Debt Capital Markets and Syndicate, Global Markets, Asia Pacific, Asian investor has learned.

Huang joined BNP Paribas in July 2019 as Executive Director, Head of Sustainable Capital Markets, Global Markets for Asia-Pacific, responsible for driving and managing the company’s sustainable finance solutions for corporates. , financial institutions and investors, with a focus on primary financing, asset financing and securitization. .

Now as general manager, Huang’s capacity will also be expanded, which is expected to be finalized in the coming weeks. Asian investor learned.

Choo Oi San

WTW APPOINTS SENIOR DIRECTORS IN SINGAPORE

Willis Towers Watson (WTW) recently appointed Choo Oi San as head of Singapore and Ludan Wang as head of corporate risk and brokerage (CRB) for Singapore, it announced on March 1.

They are both based in Singapore and report to Vivek Nath, Head of South Asia and South Asia Enterprise Risk and Brokerage at WTW. Choo began her role as country chief on March 1, while Wang began her new role on January 1, the company said. Asian investor.

Choo will serve in a dual role, combining his new role with his current position as division head for South Asia and Emerging Markets, Insurance Advisory and Technology Affairs. As Singapore Country Manager, she will work closely with WTW’s business leaders to strengthen the company’s position and provide services and solutions in the areas of people, risk and capital to support the customers in the country. Choo joined WTW 13 years ago.

Ludan Wang

Wang, who was appointed to head WTW’s CRB business in Singapore, has worked at WTW for nearly two decades and was most recently responsible for Asia sales and client management in the CRB business.

SFC BAN EX-HSBC BANKER FOR LIFE

The Securities and Futures Commission (SFC) has banned former HSBC vice-chairman Leung Siu Lun from re-entering the industry for life after his bribery convictions, the Hong Kong regulator announced on March 1.

The West Kowloon City Magistrate’s Court found that between 2014 and 2016, Leung, who was responsible for handling commercial banking matters for HSBC’s corporate clients, accepted several gifts and benefits from a commercial client. These were inducements or rewards for Leung’s processing of credit facility applications and/or maintaining the credit facilities of the two companies controlled by the client company.

Since August 2013, the two companies had received credit facilities from HSBC totaling approximately $48 million. The SFC considers that Leung is not a fit and proper person to be licensed or registered to engage in regulated activities due to his criminal convictions.

He was sentenced to nine months in prison on October 5, 2018.

MANULIFE INVESTMENT MANAGEMENT SINGAPORE APPOINTS NEW CEO

Hui Jian Koh

Manulife Investment Management has promoted Hui-Jian Koh to Singapore’s chief executive, according to an official statement on March 7.

Based in Singapore, Hui-Jian now reports to Michael Dommermuth, Head of Wealth and Asset Management, Asia for Manulife IM. Regulatory approval has been obtained for the appointment of the CEO.

Hui-Jian will also retain his role as Head of Retail Distribution and Partnerships for Southeast Asia.

She joined Manulife Investment Management in 2019 as Head of Retail Distribution and Partnerships, Singapore. In his new role, Hui-Jian assumes executive responsibility for the development and execution of Manulife Singapore’s corporate strategy and will oversee all of the company’s wealth and asset management activities in the global market. Singapore.

Prior to joining Manulife, Hui-Jian was a product manager at Prudential where she led the development of protection, endowment, investment-related, and medical and group products. Previously, she was Head of Retail Distribution at Eastspring Investments, where she was responsible for formulating and driving retail distribution strategy across various distribution channels.

MSIG ASIA APPOINTS NEW CHIEF EXECUTIVE OFFICER

Clement Philippe

MSIG Asia has appointed Clemens Philippi, currently its chief operating officer, as managing director to succeed Alan Wilson, who will retire on April 1, 2022, according to a statement.

Based in Singapore, Philippi, who joined the company in April 2021 and was appointed as a director of MSIG Asia in May 2021, will serve on several boards as a non-executive director in MSIG entities in Asia, subject to completion of regulatory requirements and corporate approvals.

With over 20 years of experience in the insurance industry as a risk consultant, broker and insurer, Philippi worked in Luxembourg, London and Tokyo before moving to Singapore in 2015 where he was first led regional business development for Allianz Global Corporate and Specialty; and took the post of CEO in 2017 for ASEAN at Euler Hermes, a subsidiary of the Allianz Group.

Over the past 11 months, Philippi, as Chief Operating Officer, led the Business Development & Digitalization, Technology Solutions, Risk Management & Actuarial Services, and Technical Services departments which contributed to the profitable and sustainable growth of MSIG in Asia. .

Wilson said, “Clemens has a deep understanding and experience of our business, the industry and the markets in which we operate. He is a strong, dynamic and values-driven leader with an impressive track record of consistent high quality performance. On behalf of the company and the Group, I warmly welcome Clemens to his duties and wish him every success.

ACTIS LLP PROMOTES SCOTT CHOI AND SUMIT SEN AS PARTNERS

Scott Choi

Private equity firm Actis LLP has promoted its Seoul-based managing director Scott Choi and Mumbai-based Sumit Sen as partners, the firm announced on Monday (March 7).

They were the two Asia-based executives among the company’s six senior executives who were promoted in the recent fiscal year.

Choi is the British investment company’s first Korean partner. He has 18 years of experience investing in various property types and risk strategies, with a particular focus on managing development opportunities in Korea. He joined the Actis Asia Real Estate team in 2018 following the acquisition of the Principal Finance Real Estate (PFRE) group from Standard Chartered Bank.

He started his career as an analyst at KPMG FAS Korea where he conducted valuation and feasibility studies on different types of asset classes for three years. He then joined Mirae Asset Global Investments, the largest asset management company in Korea, where he was responsible for the acquisition, development and disposition of commercial real estate for four years.

He also worked for the Standard Chartered Principal Finance team in 2010 where he made successful investments and operated various property asset classes including office, logistics, hospitality and retail.

Since joining Actis, Choi and his team have focused on data center development and established a strong position as a leading investor in the Korean market.

Sumit Sen

Sumit Sen joined Actis’ Long Life Infrastructure (“ALLIF”) in 2017 and is responsible for Actis’ infrastructure business in India and South East Asia.

Based in Mumbai, he has over 20 years of experience in accounting, investment banking and investing in energy, infrastructure and other sectors. Prior to joining Actis, he worked for over a decade at Goldman Sachs, most recently as an Executive Director in the Principal Investment Area (PIA) of GS, where he was responsible for investments across all sectors, with a particular focus on energy, infrastructure, TMT and Healthcare.

While at PIA, he was a key member of the team that led the investment in Renew Power, one of India’s largest renewable energy companies.

Prior to joining PIA in 2011, he spent 7 years with GS’s Investment Banking division in India, including 2 years in Bangalore, where he helped grow GS’s investment banking business in the region. Sumit started his career in the insurance division of PricewaterhouseCoopers in India.

NORTHERN TRUST APPOINTS NEW APAC QUANTITATIVE TEAM LEADER

Scott Bennett

Northern Trust Asset Management has appointed Scott Bennet to lead its new team which focuses on quantitative investing in Asia-Pacific.

Chicago-based Northern Trust Asset Management – ​​which had $1.3 trillion in assets under management as of December 2021 – created the new Quantitative Strategies team to meet the unique needs of its investors in the Apac region.

In the new role, Bennet will split his time between Hong Kong and Melbourne, Australia.

Bennett was previously responsible for quantitative research and client solutions for Australia and New Zealand. He joined Northern Trust in 2018 from Russell Investments, where he was Director of Strategy and Equity Research.