Mirae Asset Life Insurance
The chief executive of Mirae Asset Life, Ha Man-Duk, has resigned, according to a statement on the South Korean stock exchange. Ha joined Mirae in 2005 and was vice chairman, chief executive and representative executive officer.
No reason was given for his departure.
His replacement has been named as Kim Jae-Sik who has been vice president of the company since 2012. Kim has held other roles at Mirae Asset Life and Mirae Asset Securities.
HSBC
HSBC in the Channel Islands and Isle of Man has created a new role within its compliance function and named Bradley Bismark as its head of Financial Crime Compliance (FCC).
In this Jersey-based role, Bismark has taken on responsibility for the financial crime risk function, helping the bank detect and deter such crime.
He has almost two decades of experience in risk and financial crime analytics in a banking environment and has worked in six different countries for HSBC.
A certified anti-money laundering specialist, this is Biskmark’s third role as a country head of FCC. Most recently, he was based in HSBC Bangladesh.
Schroders
Jason Yu has been named as Schroders’ head of multi-asset product, north Asia. Based in Hong Kong, Yu will focus on supporting the growth of the firm’s multi-asset business in the region.
He joins Schroders in June 2017, reporting to Garth Taljard, head of multi-asset management. Yu’s responsibilities include Hong Kong, China, Taiwan, Korea and Japan markets, working with both institutional and intermediary clients.
Yu joins Schroders from Standard Life Investments, Hong Kong, where he was investment director in multi-asset for Asia Pacific. He brings with him over 13 years’ experience in finance, including roles at Wellington Management, Wells Fargo and Barclays Capital and has worked across Asia and the US.
Willis Towers Watson
Willis Towers Watson has appointed Taro Ogai as head of investments for Asia Pacific and Jayne Bok as head of investments for Asia. Both will assume their new roles on 1 July with Ogai based in Tokyo and Bok in Hong Kong.
Ogai replaces Naomi Denning who is leaving Willis Towers Watson to relocate to Canada with her family after 23 years with the firm. He previously led efforts to build the firm’s investment solutions in Japan, while serving clients as an adviser. He was a managing consultant for three years, having been leader of the Tokyo investment team for six years.
Bok, who will report to Ogai, will be responsible for the firm’s investment activities in Asia Pacific, outside of Japan and Australia. She was previously Willis Towers Watson’s head of sovereign advisory for Asia and built up the firm’s investment practice in Korea.
Gresham House
Specialist alternative asset manager Gresham House has lured Amundi’s former global head of business development, Michael Hart, to be its head of distribution.
Hart will start immediately and report to managing director Rupert Robinson.
He will look after distribution across the firm’s alternative products, spanning the strategic public equity, private equity and real asset divisions. Prior to Amundi, Hart held a similar role at Aberdeen Asset Management and spent over 10 years at investment consultancy Bfinance.
Liontrust
Specialist fund management group Liontrust has recruited two regional salesmen to broaden its distribution across the wholesale and retail markets in the UK.
Andrew Taylor is joining Liontrust from Neptune Investment Management to cover sales for the north of England and Scotland, while Mark Wright is moving from Jupiter Asset Management to cover the Midlands. Both will both report to Ian Chimes, who is head of global distribution.
Jupiter
Jupiter has appointed two analysts to its fixed income team with a specific focus on emerging markets.
Nachu Chockalingam joined Jupiter on 5 June 2017 from the Ontario Teachers’ Pension Plan where she was an emerging markets corporates portfolio manager. Prior to this, she spent 12 years at JP Morgan, starting in corporate finance before becoming an analyst covering European investment grade and high yield credit and then emerging markets credit.
Reza Karim joined Jupiter in early May from Henderson Global Investors where he was an emerging market research analyst for two years covering corporate and sovereign credit in the Central Eastern Europe Middle East & Africa region. He previously spent four years at HSBC as a credit research associate covering emerging markets.
Chockalingam and Karim will work closely with EM debt strategy leader Alejandro Arevalo and existing EM debt specialist Vikram Aggarwal to build out Jupiter’s emerging market presence.
Hilbert Investment Solutions
London and Paris based specialist structured product firm Hilbert Investment Solutions has appointed David McFadyen as its UK business development manager. He has been tasked with managing FCA regulated Intermediary client accounts and market its discretionary portfolio management service that will launch later in the year.
McFadyen started his career in the City of London at Datastream International (now part of Thomson Reuters) in the mid-80s, followed by positions as an investment trust analyst at Credit Suisse and ABN Amro.
