Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
People Moves
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HSBC names Desmond Kuang as CIO Asia
Kuang is currently the chief investment officer, China, and the interim head of wealth and premier solutions, China.
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Klay Group names client adviser MD
Former Nomura executive Gaurav Gupta will be based in Singapore.
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Muzinich hires client relations VP
Sarah Ng joins Muzinich in Singapore from Wellington Management.
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RBC BlueBay AM names new head of Australia & New Zealand
Camilla Love has been appointed as head of Australia & New Zealand to lead the firm’s distribution across the region.
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Bank of Singapore taps Julius Baer for Asean head
Vi Sun Yang joins Bank of Singapore as its head of private banking, Asean.
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Aberdeen Investments reshuffles Apac distribution leadership
Vivian Tang will now oversee both wholesale and institutional distribution in Apac.
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People Moves – March 2026
Here is a digest of significant wealth and asset management appointments, promotions and departures during the previous month.
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Schroders Wealth hires Barclays private banking head Evonne Tan
Evonne Tan has been hired as CEO, Asia Wealth Management at Schroders.
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Former BlackRock managing director joins Goldman Sachs AM
Brett Olson joins as head of international ETFs.
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HSBC names two new China wealth heads
HSBC has reshuffled its wealth management and private banking leadership in China.
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DWS names CEO of Korea
DWS has appointed Lee Tae-Young as CEO of Korea to strengthen the firm’s presence in the region.
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Muzinich promotes three to global roles
The corporate credit specialist aims to sharpen its global focus.
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Hoops appointed to Deutsche Bank board
Stefan Hoops, CEO of DWS, will also be responsible for the asset management segment on the board.
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Yvonne Leung exits JP Morgan PB
Leung was head of managed solutions Asia at the private bank.
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JAR Capital names new vice chairman
Francois Farjallah joins the board of the independent wealth management group from EFG.
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UBS AM adds to China equities team
Raymond Ma joins UBS Asset Management from Invesco.