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People Moves: AXA appoints senior fund manager; HSBC Global AM names new Singapore CEO
HSBC Global AM names new Singapore CEO. Puneet Chaddha, a 20-year HSBC veteran, has been named CEO of HSBC Global Asset Management Singapore. Pedro Bastos, Asia-Pacific CEO of HSBC Global AM, had this to say regarding Chaddha’s appointment:
“Puneet has been with the HSBC Group for over two decades and has worked in several of our global businesses. He has successfully transformed the business in India in line with HSBC’s commercial and governance strategy. We are determined to expand our presence in Asia-Pacific and capitalise on our leading expertise and capabilities as a global asset manager to provide innovative products and bespoke solutions to meet our clients’ long-term investment goals.”
Chaddha has held several key roles within HSBC, and prior to his current appointment, was CEO of HSBC Asset Management India. He will report to Pedro Bastos, Asia-Pacific CEO of HSBC Global AM, and to Matthew Colebrook, HSBC’s head of retail banking and wealth management in Singapore. Asia Asset Management
AXA appoints senior equity fund manager. Simon Weston, an old hand in the Asia-Pacific investment arena, has been appointed senior equity fund manager by AXA Investment Managers. Mark Tinker, head of Framlington equities Asia, had this comment regarding Weston’s hiring:
“With tremendous experience and a strong performance track record, we are excited to have Simon join us and are certain that he will bolster AXA IM’s positive momentum in the Asia Pacific.”
Weston was previously with Semeru CLSA Capital Partners in Singapore, where he was managing director and portfolio manager of the firm’s Semeru Asian Equity High Yield fund. Prior to that, he worked at Old Mutual Asset Managers, Perpetual Investment Management, and Hill Samuel Asset Management. He will be based in Hong Kong and will report to Mark Tinker. Citywire Global
M&G Investments strengthens Asia team. M&G Investments, in part of an initiative meant to bolster its Asia-Pacific intermediary team, has appointed Anthony Yeung as associate director and Sophia Shi as relationship manager.
Yeung, who apparently holds more than 15 years’ experience in business development, client management and operations, will be joining the British firm from GAM, where he handled fund distribution sales as well as client management. Shi meanwhile joins M&G from BNY Mellon, where she focused on private banks in Singapore and Malaysia. They will both report to Ben Cherrington, Director of Intermediary Channels, Asia Pacific. M&G Investments (pdf)
Robeco Asia CEO resigns. Tony Edwards, in a surprise move, recently resigned from his post as Asia-Pacific CEO of Robeco. He is reportedly leaving due to family reasons.
Edwards’ was Robeco Asia’s CEO for over four years, and drove all of the Dutch firm’s businesses in the region during his tenure. Prior to that, he held several senior roles in various firms, including Head of Asia ex-Japan for Neuberger Berman. Asian Investor
Photo: Luke Ma