Former country head of Schroders Hong Kong, Lieven Debruyne has been promoted to the position of chief executive for Asia Pacific. With his appointment effective from 11 May, Debruyne will also join the firm’s group management committee.
He replaces Richard Mountford, who had been Asia Pacific chief executive since September 2012.
Shigesuke Kashiwagi has been appointed president and country head of Japan, effective 1 July. He joins from Nomura Holdings where he was executive managing director, chief financial officer since April 2013.
Chris Durack succeeds Debruyne as country head of Hong Kong and also takes on the role of the firm’s Asia Pacific head of institutional business from Sydney-based Greg Cooper.
Singapore-based Showbhik Kalra, head of product for Asia Pacific, has assumed the additional responsibility of head of intermediary business Asia Pacific, a role previously held by Debruyne.
Gunit Chadha, chief executive of Deutsche Bank Asia Pacific, is to leave the bank, effective 17 July. He joined in 2003 as chief executive for India, Chadha was appointed co-chief executive of Asia Pacific in 2012, before taking on the full role in 2015.
His successor will be announced in due course.
Old Mutual Wealth
Darren Smith has been appointed head of OMW’s Financial Adviser School (FAS). Reporting to chief distribution officer Richard Freeman, Smith will help deliver the company’s ambition to support the next generation of financial advisers.
His new role follows a 23-year career in financial services, during which time Smith has worked as a self-employed financial consultant and held sales, compliance, and business development roles for a number of different networks.
Acquired by OMW in February 2016, FAS operates on a not-for-profit basis. It can support over 100 students a year, with small cohorts joining each month.
Old Mutual Global Investors
As a consequence of a difference in opinion regarding future strategic direction of the business, OMGI’s absolute return manager Russ Oxley will leave the business with immediate effect.
As a consequence, Adam Purzitsky and Paul Shanta have been appointed co-heads of the Absolute Return Government Bond team (ARGB), reporting to Paul Simpson, Investment Director. Both Purzitsky and Shanta joined OMGI in early 2015.
The ARGB portfolio management team has also appointed Mark Greenwood and Peter Meiklejohn. These appointments bring the total number of portfolio management professionals working on the ARGB strategy to six.
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