People Moves APAC: BlackRock, Temasek and Microsoft Asia
While we at Business Chief await news on who will succeed Tony Cripps as HSBC’s Singapore-based CEO (Cripps has left to join Saudi British Bank), we round up some of the biggest business movements within and to the Asia Pacific region, including BlackRock’s move of one of its strongest leaders from EMEA to APAC, Schroders' creation of a new CEO role in Australia, and Microsoft Asia’s new communications director.
Rachel Lord switches from leading BlackRock EMEA to BlackRock APAC
Known to be one of BlackRock’s strongest leaders, having been with the company since 2013, Rachel Lord is moving from her role as head of BlackRock in EMEA, where she’s been driving regional business transformation for the past three years, to lead the company’s fast-growing APAC division. With this move, Lord returns to her business roots in Asia Pacific where previously she held roles with Morgan Stanley in Hong Kong and with Citigroup, overseeing the latter’s launch in Asia in 2020. In fact, it’s Lord’s track record in Asia, coupled with her strong regional leadership in EMEA and expertise in piloting “growth in assets and revenue in a complex EMEA region undergoing economic and regulatory shifts” that makes her the perfect person to head up the diverse and dynamic APAC region, according to Mark Wiedman, BlackRock’s Head of International and Corporate Strategy.
Alex Bursak leaves Euler Hermes to lead LiquidX’s expansion across Asia
Following a 15-year career in corporate banking and trade credit insurance, including more than a decade in Asia Pacific at NordLB and Euler Hermes, Alex Bursak is now set to head up insurance across Asia Pacific for LiquidX, a leading global firm operating in working capital, trade finance and insurance. Charged with accelerating the company’s strategic expansion across Asia, as Director and Regional Head of Insurance for APAC, Bursak has been brought in to build on the company’s “tremendous 2020 insurance growth” and to position LiquidZ for “market leadership in 2021 and beyond” across Asia Pacific, says LiquidX CEO Jim Toffey.
Dilhan Pillary Sandrasegara to take Temasek Holdings reins as CEO
Known as one of Asia Pacific’s leading corporate lawyers, Dilihan Pillary Sandrasegara has been internally promoted at Singapore-based Temasek where he is currently CEO of Temasek International (TI), the firm’s commercial arm, to the top job of Executive Director and CEO of Temasek Holdings. Sandrasegara will take up this position on October 1 when current CEO Ho Ching retires. He will also continue as CEO of TI. Armed with a decade of experience at Temasek, Sandrasegara brings a “rich network across the region, a keen sense of markets and commercial disciplines and a commitment to build and transform people and organisations for the longer term”, Temasek Holdings Chairman Lim Boon Heng said.
Sam Hallinan moves his assets from Nikko to Schroders
With more than 25 years’ experience under his financial services belt, Sam Hallinan is set to move from Nikko Asset Management, where he’s been MD Australia since 2015, to British multinational asset management firm Schroders as CEO Australia. Due to rapid growth within Australia, where Schroders is managing A$34.1 billion on behalf of Australia-based clients as of January 31, this is a newly created position within Schroders APAC which Hallinan will take up in April.
HP’s Emma Richards takes charge of communications at Microsoft Asia
Emma Richards has joined tech giant Microsoft to oversee the company’s Asia communications community. Following a decade of comms experience at WE Communications and over two years at Hewlett Packard, Emma will is well-placed to become Microsoft Asia's regional communications director and will regionally on communications strategy, thought leadership and employee communications.
People Moves APAC: Lenovo, HSBC AM, Morgan Stanley, Zafin
In a week where Lenovo makes a raft of new APAC leadership appointments to support its goal of expanding its offerings in the region, we round up the latest executive moves across Asia Pacific.
Eddie Ang appointed head of relationship segment at Lenovo APAC
Former Lenovo Singapore general manager Eddie Ang has been promoted to head of the relationship segment to oversee key business relationships and further lead the original equipment manufacturer, profit manager, and workstation teams. With more than two decades of experience in the IT industry, including 14 years at Lenovo where he has worked in executive positions covering APAC, Ang has strong regional knowledge and a track record of crafting and implementing strategies to deliver incremental growth in market share, revenue and operating income. Prior to Lenovo, Ang spent nearly a decade with Dell Technologies in both Japan and Malaysia.
Seok Poh Yeoh to head up credit research for HSBC in Asia
Seasoned finance exec Seok Poh Yeoh is set to take the reins for credit research across Asia for HSBC Asset Management, where she will strengthen the integration within the firm’s global investment platform and support sustainable investment efforts. With 16 years of industry experience, including at Credit Suisse and more than a decade at HSBC AM, which she joined as a financial analyst in 2012, Yeoh has been instrumental in strengthening credit research processes in Asia, according to HSBC. According to Elizabeth Allen, head of Asian fixed income at HSBC AM, Yeoh’s “analytical and research background, combined with her sustained involvement in the global fund offerings, make her the ideal candidate to lead the Asian research platform”.
Bilal Al-Ali to join Morgan Stanley as head of structured sales
Former UBS head of structured sales Bilal Al-Ali is set to join Morgan Stanley as head of structured sales for APAC. With 14 years of experience in quantitative research spanning both London and Hong Kong and across banks including ABN AMRO, RBS, BNP Paribas and UBS, Al-Ali has been with UBS in Asia for more than a decade most recently serving as Head of APAC Structured Sales.
Nicholle Linder appointed SVP, APAC at fintech Zafin
With the aim of spearheading growth across APAC, Nicholle Lindner has been appointed as Senior Vice President for global fintech leader Zafin. Bringing more than two decades of experience in the Asia Pacific financial services industry to the fintech table, Linder’s “extensive industry experience, innovative thinking and deep understanding of the industry’s digital transformation needs make her the perfect leader to deliver Zafin’s value proposition in the region”, says Jay Ryan, Chief Revenue Officer at Zafin. Lindner has held strategic leadership roles with leading Australian financial institutions including Commonwealth Bank of Australia and Westpac Group. Most recently, Lindner served as senior director at Capgemini Financial Services where she developed strategy and new business initiatives for the firm’s financial services practice in APAC.
Neil Macdonald to head up APAC’s asset managers for State Street
Former KPMG head Neil Macdonald has been appointed by State Street to the firm’s newly created role of APAC head of asset managers, where he will be responsible for leading the company’s engagement strategy for asset manager clients across Asia Pacific, from strategic direction to solutions structuring. Macdonald has a prestigious past, having served as chief operating officer for BlackRock’s institutional clients across EMEA, and more recently serving as COO of global investments solutions at JP Morgan Asset Management. According to Mostapha Tahiri, State Street’s APAC CEO, “Neil’s experience and deep understanding of asset managers’ needs will strengthen our positioning to be an essential partner and trusted advisor for asset managers in the region”.
Priscilla Sims Brown named Amalgamated Financial’s next president and CEO
Joining from the Commonwealth Bank in Australia, Priscilla Sims Brown has been named the next president and CEO of Amalgamated Financial. Brown has more than three decades of experience in the financial services industry, having held leadership roles in firms spanning banking, wealth management, retirement and insurance.
Joining from the Commonwealth Bank in Australia, where she served as group executive of marketing and corporate affairs, overseeing end-to-end marketing, branding, public affairs and social policy, Brown’s previous experience includes senior positions at ACA Financial, Sun Life Financial as well as serving as CMO at Amerihealth/Caritas and as CEO of a digital health insurance brokerage startup, Emerge.me. According to Lynne Fox, interim president and CEO of Amalgamated, “Priscilla is exactly what we need to take Amalgamated to its next stage: a highly experienced and inspiration leader whose vision aligns perfectly with ours, and we are thrilled that she has agreed to serve as our next CEO”.