Asia moves: New CEO for BNP Paribas Cardif, GIC gets new COO, plus more

Latest job changes across industry

BNP Paribas Cardif, the insurance arm of the French banking group, has promoted See See Ooi to chief executive officer for Asia, effective from April 15. Ooi has been deputy CEO for Asia since 2014, and has additionally served as Taiwan country manager since 2016. 

Ooi has worked in the insurance industry for nearly 30 years, and held a range of management positions in China, Hong Kong, Malaysia and Taiwan. She will report to Jean-Bertrand Laroche, deputy CEO of BNP Paribas Cardif for international markets. Ooi takes over from Vincent Sussfeld, who will become chief actuary at the firm.

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State Street has appointed Citigroup’s head of Asia, Francisco Aristeguieta, for the newly-created role of executive officer of its international business. Initially based in Hong Kong, Aristeguieta will report to State Street president and CEO Ron O’Hanley. He will also become a member of the company’s management committee. This new position will sit on top of the regional heads that are already in existence, and will help drive growth across Europe, the Middle East, Latin America and Asia-Pacific. 

Aristeguieta held a number of positions at Citigroup, most recently serving as chief executive of its Asia business. He also previously served as head of Citigroup’s business in Latin America. 

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Singapore’s sovereign wealth fund GIC has announced the appointment of Tay Lim Hock as the firm’s new chief operating officer, following the retirement of Goh Kok Huat from the role. Huat will remain at the firm until 2020 in an advisory capacity. Tay will retain his existing position of chief investment officer at the firm. However, his other role – as president of European operations – will be taken over by Arjun Gupta, head of portfolio in the private equity group. Tay has worked within GIC’s private equity team since 1995. 

He has also served as head of private equity Europe, head of private equity US, global head of the funds and co-investment group and deputy president of private equity and infrastructure.

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Two Sigma has appointed Kenny Lam as head of Asia-Pacific and CEO of the company’s Hong Kong entity, pending regulatory approval. This is a new position within the firm. Lam was previously group president for Chinese asset manager Noah Holdings, where he oversaw all operations and strategic initiatives at the firm. Lam has also worked as a partner at law firms McKinsey & Company and Shearman & Sterling.

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Hong Kong insurer FWD has promoted Tan Boon-Kee to the position of group chief business officer, a new role that seeks to expand the firm’s mergers and acquisitions and strategic investment activities. Boon-Kee was previously senior adviser for M&A at the firm. She previously worked at Deutsche Bank, where she was head of the financial institutions group for Asia.

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Credit Suisse has launched the creation of a new Asia-Pacific trading solutions unit, in order to drive growth in the area, and appointed Yves-Alain Sommerhalder to lead the business. Sommerhalder will retain his existing position as co-head of the bank’s International Trading Solutions business, under which the new unit sits. 

He will also oversee both the Asia-Pacific markets’ business and Asia’s financing group activities. Sommerhalder, who will divide his time between Zurich and Asia, will report to two managers: Helman Sitohang, CEO for Asia-Pacific; and Brian Chin, CEO for global markets. 

Sommerhalder joined Credit Suisse in 2002 and has held a number of senior positions across the sales and trading businesses.

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The International Swaps and Derivatives Association has appointed two new board members from Asia: Andrew Ng (pictured), head of treasury and markets for DBS Bank based in Singapore; and Shigeru Nonomura, co-head of rates trading for global markets Japan at Nomura, based in Tokyo. 

Isda has also appointed Erik Tim Mueller, CEO of Eurex Clearing, to the board. All three people retain their current positions in
the industry.

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Mayer Brown has added a new partner, Sheng Wu, to its corporate and securities practice in Hong Kong. Wu was previously a partner at DLA Piper, where he focused on China-related mergers and acquisitions. Wu will be based in Hong Kong.

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Global management consultancy Bain & Company has announced two senior appointments in the region. Jean-Pierre Felenbok will become managing partner for South-east Asia, while Peter Stumbles will become managing partner for the firm’s Australia and New Zealand business. 

Felenbok has been with the firm nearly 40 years and was most recently head of the Jakarta office. In his new position he will be based in the Singapore office. He takes over the role from Satish Shankar, who has been promoted to managing partner for Bain & Company’s Asia-Pacific region. 

Stumbles was most recently head of Bain & Company’s financial services practice for Asia-Pacific. Stumbles takes over from David Zehner, who will assume the role of head of consumer products practice for Asia-Pacific.

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HSBC Private Banking has appointed Chan Eng Chien as head of ultra-high net worth solutions, for South-east Asia, a newly-created role. He will report to Kenneth Yeo, head of investment services and product solutions for South-east Asia. 

Chien joins from Credit Suisse, where he was most recently head of cross-assets solutions for South-east Asia and India. Chien has 21 years’ experience in financial markets.