People Moves APAC: Chubb, Salesforce, AIG, EY
In a week where multiple executives at UBS leave to join investment banking startup Barrenjoey, Julius Baer adds six senior bankers in India, and the Monetary Authority of Singapore undergoes a reshuffle of its top-ranking roles, Business Chief APAC rounds up the key executive moves made in the Asia Pacific region in the last week, March 11-18.
Ramzi Toubassy named CEO of AIG Korea
Formerly the chief executive of AmMetLife Insurance Berhad in Malaysia, Ramzi Toubassy has been appointed CEO of AIG Korea, which he will start on April 1. Having begun his 24-year insurance career with AIG in New York, Toubassy has since had leadership roles at AmMetLife, Swiss Re, and General Reinsurance. Set to drive the strategic direction of the business in Korea, Toubassy brings “deep industry expertise” combined with a “proven track record of developing strong distribution channels and partnerships”, says Steven Barnett, AIG’s Asia-Pacific CEO.
David Larocca announced as CEO for EY Oceania
Sydney-based David Larocca has been appointed as EY Oceania’s new CEO. Currently managing partner of the EY Oceania’s Strategy and Transactions business, Larocca will become CEO at the beginning of July. With more than 20 yeas of experience as a leader advisor in the infrastructure sector, Larocca has been with EY since 2006, serving as a partner in the firm’s infrastructure advisory business, as head of business from 2013, and as head of strategy and transactions business from 2016. His experience spans roles in banking, project finance and corporate development.
Sanket Atal named Senior VP and MD of Salesforce
With India home to the second highest Salesforce workforce outside of the US, the company has demonstrated a commitment to India with the appointment of Sanket Atal as its Senior VP and Managing Director to help drive the next phase of growth in India and make the country a global hub for innovation and talent. A business strategist and tech veteran, with previous roles including Managing Director of Intuit India and Group VP of Oracle, Atal brings a wealth of experience leading and growing global development centres and delivering future-ready solutions. Atal will be based in Bengaluru.
Sanjay Goel appointed President American Tower APAC
With three decades of diverse business leadership experience in Asia and Europe under his belt, Sanjay Goel has been appointed Executive VP and President for Asia-Pacific for American Tower. Joining from Nokia, where he most recently served as President of the Global Services business group and Nokia Operations, responsible for strategy, P&L management and operations across 100 countries, Goel has extensive expertise in telecommunications and IT. With an extensive track record of strong leadership and global business experience, Goel will “lead our Asia-Pacific business into the future as we continue to drive value for our stockholders”, says Tom Bartlett, President and CEO, American Tower Corporation.
Peter Kalaher named Chubb President for Australia/New Zealand
Having been with Chubb since 2008, Peter Kalaher has been promoted to President for Australia and New Zealand. In this new role, Kalaher will have executive operating responsibility for the company’s general insurance business and will oversee all facets of the business including strategy, product and business development, underwriting and service operations, and profit and loss performance. Kalaher has 20 years of insurance experience, most recently as P&C business lead for Australia and New Zealand.
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”.