Securities and Future Commission
The Hong Kong Securities and Futures Commission (SFC) has announced executive director, investment products Julia Leung will take over as executive director, intermediaries division, when James Shipton leaves the business in June.
During his time with the SFC, Shipton developed a new intermediaries division, bringing together the existing licensing and supervision teams and reorganising the division with a greater focus on specialisation. He was also praised for improving relationships with overseas regulators supervising cross-border activity with firms operating in Hong Kong.
The SFC will soon begin actively recruiting for Leung’s position.
Shipton’s three-year contract comes to an end on 18 June. Leung will take up her new role on 19 June.
BNP Paribas Investment Partners
Bryan Carter has been appointed head of emerging market fixed income at BNP Paribas Investment Partners. Based in London, he will report to chief investment officer of institutional fixed income, Dominick DeAlto.
Carter joins from Acadian Asset Management in Boston, where he was lead portfolio manager for benchmark relative and absolute return fixed income strategies and was a member of the macro strategy and investment policy committees. He joined in 2007 to launch its EM fixed income offering.
Prior to Acadian he was an international economist, first at the US Treasury and then T. Rowe Price.
Credit Suisse
David Tait, Credit Suisse’s global head of macro products, is leaving the bank this month to pursue other interests, according to a Bloomberg report.
The news service cites an internal memo sent by Tim O’Hara, who oversees global markets at the Zurich-based asset management and investment group suggesting the departure is due to Credit Suisse paring back business interests linked reliant on currency trading and interest rates.
Roughly 80 traders and sales staff in the European markets divisions have been told their positions are at risk, Bloomberg reported, citing an anonymous source familiar with the matter.
Tait joined Credit Suisse in 2012 having held previous roles at UBS and BlueCrest Capital Management.
hbfs
Hertfordshire-based wealth management firm hbfs has appointed Sam Deboo as head of investment, pensions and trusts.
The firm, which specialises in offshore tax wrappers, trusts, pensions and investments for individuals, international corporate and charity clients, hired the former Old Mutual wealth management consultant to advise on hbfs’s future strategy.
He brings more than 20 years’ financial services experience, including more than 13 years with Old Mutual and Skandia.
J Safra Sarasin
Swiss Private Bank J Safra Sarasin has hired Feroze Sukh as managing director, client advisory.
Joining from ABN Amro Private Wealth Management in Hong Kong, where he launched the international client segment and developed its ultra-high-net-worth client base in North Asia, he will manage a team of six – three of whom have already joined the bank – together covering the non-resident Indian and international markets.
Based in Hong Kong, he reports to deputy chief executive Asia, Yelandur Nagendra.
Before ABN Amro he worked at Deutsche Asset and Wealth Management, APAC, and was based in Sydney from 2011 to early 2014. Prior to this he was at Standard Chartered Private Bank from 2006 to 2011 and held several positions at National Australia Bank from 1991 to 2005.
Defaqto
Former Ignis Asset Management chief executive Chris Samuel has joined ratings agency Defaqto as non-executive chairman with immediate effect.
With more than 35 years of financial services experience, Samuel left Ignis following its acquisition by Standard Life, and has held board positions at Gartmore, Hill Samuel Asset Management, and Cambridge Place Investment Management.
Prior to this, he spent a decade with Prudential-Bache Securities and qualified as a chartered accountant with KPMG. He is currently a non-executive director at Alliance Trust, JPMorgan Japanese Investment Trust, UIL and several early stage companies.
ClearlySo
Former Societe Generale global head of structured finance Matthew Vickerstaff has joined impact investment intermediary ClearlySo as head of investment banking.
ClearlySo offers financial advisory services to high-impact businesses, charities and funds including introductions to institutional investors who share its clients’ socially responsible investment objectives.
Vickerstaff will take on responsibility for its investment banking and capital raising activities, including equity and debt placement and corporate finance. At SocGen he was responsible for managing its global structured finance teams, looking after infrastructure, real estate, aircraft, shipping and export finance.
City Noble
Independent financial advice firm City Noble has hired John Nestor as an associate.
Bringing experience from the public and private sectors across defined benefit and defined contribution pension schemes, he as previously a director at Law Debenture where he was a trustee and adviser. Prior to that he was managing director, head of UK and Ireland at UBS Global Asset Management and previously held roles including principal, head of distribution at Hewitt Associates and as a managing director at Citi Group.
He is currently a member of Prudential UK’s independent governance committee and a non-executive director at Prudential Corporate Pension Trustee. He is also chairman of trustees at Marylebone Cricket Club staff pension scheme and a trustee of the RAC staff pension scheme.
