People Moves APAC: ByteDance, Vymo, Natixis, Cummins India
In a week where TikTok owner ByteDance hires its first Chief Financial Officer, signalling a possible IPO on the horizon, Business Chief APAC rounds up the key executive moves in the Asia Pacific region in the last week, March 19-25.
Shou Zi Chew is appointed Chief Financial Officer for Bytedance
In a Twitter announcement on March 24, Shou Zi Chew, who recently left Chinese electronic company Xiaomi, said he would be joining Tik Tok’s parent company Bytedance as Chief Financial Officer in his home country of Singapore. An Harvard Business School alumni, Shou Zi Chew served as financial chief at Xiaomi for the last six years, overseeing the company’s Hong Kong IPO in 2018, the first-ever IPO in Hong Kong stock exchange to realise dual-class shares. This is the first time ByteDance has had a CFO, signalling the company is moving towards an IPO. Chew has also worked at Goldman Sachs.
Dr Peng Wenlie appointed VP of China Natural Resources
Pharma industry executive veteran Dr Peng Wenlie has been appointed Vice President of China Natural Resources. Dr Wenlie boasts two decades of experience in the development of natural medicines and investment consulting and joins China Natural Resources from the Biomedicine Investment Department of Feishang Enterprise Group Company where he was director, where he led the selection of target companies for investment in the biomedical space. Bringing Wenlie on board as VP, where he will evaluate the company’s investment opportunities in the healthcare, biomedicine and related markets, “will immediately bolster our capacity and deep knowledge base” as the company further refines its strategy and prioritises potential opportunities to accelerate growth.
Shigeru Harasawa joins Vymo as Japan President
Veteran IT industry leader Shigeru Harasawa has been appointed as Japan President for sales acceleration platform Vymo. In a career spanning two decades, Harasawa has held leadership positions in startups such as Netezza, DataStax and most recently DataRobot, where he helped build the business in Japan from the ground up, as well as in large IT companies including IBM, Microsoft and Oracle. With Japan a key strategic region for Vymo, Harasawa’s experience “will help us serve customers better and grow our presence in the region”, says Yamini Bhat, co-founder and CEO.
Sanjeev Kumar joins Natixis as head of S Asia corporate investment banking
Finance industry veteran Sanjeev Kumar is set to head up corporate investment banking South East and South Asia for Australia’s financial regulator Natixis. Kumar has 25 years in banking and finance across New York, Hong Kong and Singapore, and has worked for various foirms including Barclays Capital, Citigroup and RBS, with his most recent position with MUFG in Singapore as Asia Pacific ex-Japan head of sector coverage and acquisition finance. According to Bruno Le Saint, CEO, Asia Pacific, Corporate & Investment Banking, Kumar’s “experience from first class investment banks around the world, and wide-reaching client network position him well to lead our Singapore and South East Asia business and help us to strategically bring our franchise to the next level”.
Annapurna Vishwanathan joins Cummins India as CIO
Digital leadership expert Annapurna Vishwanathan has been appointed Chief Information Officer for Fortune 500 American multinational company Cummins India. She has 15 years of experience in managing technology, software development and digital transformation, with her most recent role heading digital function at Hindustan Coca Cola Beverages,and having spent a decade heading up digital business at GE. Passionate about exploring new-age technologies, digital capabilities, and mentoring young talent, in this new role, Vishwanathan will be responsible for IT and technologies which are supporting the business operations and other important functions.
Vinod Bhat appointed as CIO at Vistara
Operations veteran Vinod Bhat has been appointed as CIO of Indian airline Vistara. Bhat moves to the airline following a 28-year career at Tata Consultancy Services (TCS), most recently as business head for UK and Europe operations, responsible for strategizing and driving business growth. Bringing to the table a wealth of knowledge in several areas that are critical for digital and business transformations, Bhat is being brought on to “enable advancements in our IT infrastructure” and also to “drive innovations that further elevate Vistara Experience for our customers and staff”, says Leslie Thng, CEO.
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”.