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Wealth management merry-go-round: Asia update

Date: 08 Mar 2010

Hiring activity has been rampant in Asia’s wealth management markets over the past six months. Asiamoney.com sums up the key industry moves.

Keywords (click to search): [Vinay Gandhi] [Srinivas Siripurapu] [Vikram Malhotra] [Reto Marx] [Yeong Phick Fui] [Kurt Kumschick] [Peter Kok] [Tom Kalaris] [Jagdish Kale]

Leigh Powell

Turnover timeUBS Wealth Management has endured a high turnover of staff over the past six months, notably in Singapore. In January it brought in Vinay Gandhi from J.P. Morgan Private Bank to grow its non-resident Indian business. It filled a hole after Srinivas Siripurapu quit to join Barclays Wealth as head for south-east Asia and south Asia along with a nine-strong UBS team. In response to Asiamoney enquiries, the Swiss bank said it had installed a new south Asia-focused team sourced internally and headed by Vikram Malhotra. However, Malhotra subsequently also left to join Barclays. But in January, UBS appointed Reto Marx as country team head for south Asia ultra-high-net-worth business. He is set to start in May, having parted company with Bank Sarasin last October. His appointment comes after an internal reshuffle at UBS to focus on the ultra-high-net-worth segment. In September, it named Daniel Harel as head of...

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