People moves: UBS hires new Apac investment bank vice-chair

Also: Commerzbank’s trade finance Asia head; Blackstone nabs JPM Japan chief; and others

UBS has hired Catherine Cai as executive vice-chairman in its Asia-Pacific investment bank. Cai, who starts at the bank in December, will move from Citigroup to take up the newly created role.

Based in Hong Kong, Cai will report to president of UBS investment bank, Andrea Orcel, and will sit on the global and Asia-Pacific client corporate solutions committees.

At Citi, Cai was most recently chairman and head of China investment banking. Prior to joining Citi she was at Merrill Lynch for 17 years, ultimately holding the position of chairman and co-head of China investment banking.

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Commerzbank has appointed Deepan Dagur as head of trade finance and cash management, Asia. Dagur will focus on the development of cash management solutions for Commerzbank’s corporate clients in Asia, as well supporting the growth of its trade finance offering in the region.

Succeeding Brigitte Volz in the role, Dagur is based in Singapore and reports to Nick Johnston, regional board member for Asia, and Marc Kirchhoff, global head of trade finance and cash management.

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Private equity firm Blackstone has hired JP Morgan’s chairman of banking for Japan, Katsuyuki Kuki, as chairman and representative director for Japan. Kuki will be responsible for advising and supporting Blackstone’s investing and capital raising efforts in Japan as the firm continues to expand its presence in the country.

Kuki joined JP Morgan Securities Japan in 2008, becoming head of investment banking for the country in 2012. Prior to joining JP Morgan, Kuki worked at Japan Development Bank and at Shearson Lehman Hutton in New York. He has held senior leadership positions at UBS Securities and Lehman Brothers in Japan.

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Citibank has appointed Sebastien Mailleux as the head of prime finance for Asia-Pacific. Based in Hong Kong, Mailleux will be responsible for prime services, equity finance, agency securities lending and delta one across the Asia-Pacific region, including Japan.

Citi hired Mailleux from BNP Paribas where he was responsible for building the French bank’s emerging markets delta one business in Europe, before relocating to Asia in 2009. During his time in Asia, Mailleux has worked across different areas of prime finance, delta one and equity derivatives, most recently as head of prime trading. He is an engineering graduate from the Ecole Centrale in Paris.

Mailleux will start at the bank in November and report to Hong Kong head of markets and securities David Russell and Adam Herrmann, Citi’s global head of prime finance.

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MUFG Securities Asia has hired Hardik Dalal as executive director in Singapore. Dalal will report to the bank’s head of capital markets for Asia, Augusto King, who is based in Hong Kong. In his role Dalal is responsible for South and South-east Asia with a special focus on India.

He joins MUFG Securities from Barclays investment bank, where he was a director responsible for arranging debt for Indian companies, including onshore and cross-border loans and bonds, structured trades, credit risk mitigation, and leverage and acquisition financing. Prior to that, he held various positions at Deutsche Bank and ING Investment Management from 2007 to 2010 and 2005 to 2006 respectively.

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Standard Chartered has appointed a regional vice-chair for its corporate and institutional banking business across Greater China and North Asia.

Yang Chang-Po will be based in Hong Kong and focus on developing Standard Chartered’s client relationship strategy across various industry sectors.

Chang-Po has 31 years’ experience in financial markets and has worked in several international institutions including the World Bank and China International Capital Corporation. Most recently Chang-Po was at Goldman Sachs, joining as managing director in 2006 and becoming partner in 2010. He was also a member of the China investment banking division executive committee and the leadership group on investment banking services. He holds an economics doctorate from the University of Texas.

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ANZ has hired Hodaka Shoji as head of specialised finance for Japan. Shoji will be responsible for the specialised finance business in Tokyo and driving Japan-based origination for the broader ANZ loans and specialised finance business regionally. He will report to ANZ’s Japan chief executive, Grant Knuckey, and head of loan syndications and specialised finance for North Asia, Chris Raciti.

Shoji was previously chief investment officer at infrastructure fund manager Mizuho AsiaInfra Capital in Singapore.

Prior to that he held roles at Nippon Export and Investment Insurance, Fuji Bank and Mizuho Bank. During his 25 years in commercial and investment banking he has worked in Singapore, New York and Tokyo.

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Institutional trading network provider Liquidnet has promoted Tristan Baldwin to head of sales for Liquidnet Asia-Pacific. Based in Hong Kong, Baldwin is responsible for managing sales teams across Hong Kong, Japan, Australia and Singapore. He will report to head of Asia-Pacific, Lee Porter.

Baldwin has 17 years of experience on the sell side including in equity trading and client management. Prior to joining Liquidnet, he was an equity trader at agency broker Instinet in Sydney.

He joined Liquidnet in 2013 as a sales and relationship manager, but was promoted to head up Liquidnet Australia in 2014.

His career started at Deutsche Bank, also in Sydney, where he spent seven years in the bank’s equities middle office, before a one-year stint at UBS in a similar role.

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Toby Michelmore, the current head of corporate foreign exchange sales for Europe, Middle East and Africa at trading platform EBS, is moving to Singapore to become head of buy-side sales for Asia-Pacific.

In his new position, he will continue to report to Patrik Nagel, global head of buy-side sales at the platform.

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US fund manager T Rowe Price has appointed Thomas Poullaouec as the head of multi-asset solutions for Asia-Pacific. Poullaouec is based in Hong Kong and will report to Peter Austin, global head of multi-asset solutions.

Poullaouec has 20 years of experience in targeted and research-based asset allocation solutions for clients in Asia and Europe. He previously served as managing director and head of strategy and research for Asia-Pacific at State Street Global Advisors’ investment solutions group.

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LMAX Exchange has announced the appointment of Scott Moffat as managing director for Asia-Pacific, based in Singapore. Moffat, who is part of the LMAX Exchange founding team, is currently serving as chief operating officer.

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Yoon Myun-shik has been appointed senior deputy governor at the Bank of Korea. The former deputy governor takes over from Jang Byung-wha who retired earlier this year after his three-year term came to an end.

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The chief economist of the People’s Bank of China has stepped down and will now take up a position at the National Finance Research Institute of Tsinghua University.

Ma Jun’s contract at the central bank has come to an end and he is currently in a transition period, according to state news agency Xinhua. A successor is yet to be announced.

Ma joined the PBoC as chief economist in 2014, having previously been Deutsche Bank’s top China economist.