People Moves APAC: HSBC, Deutsche Bank, Deloitte, Twitter
Yu Sasamoto appointed Vice President for Twitter JAPAC
Effective May 1, Yu Sasamoto will take on the role of Vice president for Twitter JAPAC (Japan, South Korea and Asia Pacific) relocating to Twitter’s APAC headquarters in Singapore. An expanded regional role for Sasamoto, who has spent the last seven years leading Twitter Japan and South Korea, he will continue to serve as the GM of Twitter Japan. Prior to joining Twitter, Yu was CEO of MTV Japan and Managing Executive Officer of Microsoft’s Greater Asia Pacific region for two years, as well as founding restaurant search engine and review site ASKU.
Adam Powick named CEO for Deloitte Australia
Veteran consultant Adam Powick has been named the new CEO of Deloitte Australia and will lead a 13-strong national executive team. With more than 25 years at Deloitte, having served as Australia’s managing partner of clients and industries between 2015-2018 and most recently as Asia-Pacific’s consulting leader, Powick is a “deeply experienced and respected leader within Deloitte Australia as well as at the regional and global level”, according to Deloitte Australia chairman Tom Imbesi.
Rob Hillard named new leader of Deloitte Consulting APAC
Following the appointment of Adam Powick as CEO for Deloitte Australia (above), Rob Hillard has named named the new leader of Deloitte’s Consulting division in Asia Pacific. With two decades of consulting experience, Hillard has a proven track record, having successfully lead Deloitte Consulting’s division in Australia from 2015-2018, more than doubling the size of the business to over 3,000 consultants, and has further served as Chief Strategy & Innovation Officer of Deloitte Australia and most recently as Chief Transformation Officer of Deloitte Asia Pacific. Prior to Deloitte, Hillard spent a decade at KPMG.
Nicolas Moreau to relocate to Hong Kong as HSBC asset management head
Following three of his colleagues, Greg Guyett, co-head of global banking; Nuno Matos, chief executive of wealth and personal banking; and Barry O’Bryne, chief executive of global commercial banking, Nicolas Moreau is set to relocate from London to Hong Kong later this year, to take up the role of head of asset management. Currently CEO of HSBC Asset Management at HSBC in London, Moreau says that “with our global network, strong Asian expertise and commitment to sustainable investing, we are uniquely positioned to connect our clients to new opportunities and meet their changing investment needs”.
Samir Dhamankar appointed Deutsche Bank’s head of securities in Indonesia
With 14 years of Deutsche Bank experience under his belt, Samir Dhamankar has been named the new head of its securities business in Indonesia, a key market within its APAC strategy, and will be responsible for spearheading the bank’s fund administration and custody business in the country. During his 14 years with Deutsche Bank, Dhamankar has held various leadership roles spanning product management, sales and market advocacy, prior to which he served at various financial institutions in India. “We are delighted to see exceptional talent like Samir embrace new career opportunities across border within our bank,” says Anand Rengarajan, head of securities services, APAC, Deutsche Bank, adding that Indonesia “is one of the fastest growing markets and his product and market expertise will be invaluable in his new role”.
K Madhavan named President, the Walt Disney Company India
Taking over from Uday Shankar, K. Madhavan has been appointed President, the Walt Disney Company India and Star India, and will be responsible for driving the strategy and growth of the company in India, including overseeing channel distribution, advertising sales and the local content production business. Having joined Star India in 2009 as its south head, and most recently serving as country manager of Star and Disney India since 2019, Madhavan is a “skilled leader with an extensive background in media” and is expected to take “our Star networks and local content production businesses to new heights”, says Rebecca Campbell, chairman, international operations and direct-to-consumer at the Walt Disney Company.
Could HR technology solve Hong Kong’s culture of overworking
It has long been common practice for employees across the world to work beyond their contracted hours, with staff feeling pressured to put the company’s needs before their own. But this can have a consequential impact on employees’ health, as long working hours create a poor work-life balance and demotivational working environment. This is particularly evident in workforces across Hong Kong, where employees are working an additional 24 hours during the week due to the rising issue of presenteeism. As a result, productivity in the region has dropped, and the health and wellbeing of workers have suffered.
Technological advancements have created a culture where staff feel obliged to be ‘always on’, and respond to calls and e-mails when they’re out of the office. The demand for increased working hours means that businesses are losing capacity through burnt-out staff who are struggling to care for their health while meeting the requirements of their work. Companies in Hong Kong that were once able to retain their staff through an attractive salary package must now consider expanding the perks they offer their workforce that can help support them in achieving a better work-life balance.
Although the UK still has progress to make, workplaces in Hong Kong can learn from businesses in the UK which have made considerable efforts to identify causes of stress at work and taken the steps to reduce these. UK employers are prioritising the wellbeing of their employees and through adopting policies such as flexible working, working from home and offering access to health and wellness tools, they are able to provide enhanced support to their team.
By incorporating a health engagement platform into a human resources strategy, HR leaders in Hong Kong can create a positive working environment and improve morale within their team, as well as encourage and incentivise staff to take action and introduce healthy habits into their daily routines. This will also assist in tackling a disengaged workforce, reducing absenteeism and boosting motivation – all factors that have been a problem in Hong Kong’s working culture.
Employees both in the UK and Asia should also take the steps to look after their own health so they don’t fall victim to burnout. Employers should encourage their staff to take regular breaks throughout their day, whether it’s to practise mindfulness techniques or simply take a walk. Stepping away from their desk and spending time outside will help to reduce stress and clear their mind.
Transforming attitudes to work in Asia is not a straightforward task and it will take time for age-old cultural and business practices to change. However, there are steps businesses can take to aid employees in living a happier, healthier lifestyle. Through implementing a wellness plan, businesses can support their employees in pursuing a healthy work-life balance and encourage them to improve their lifestyle both in and out of work. Not only will this create happier employees, but it will also lead to running a more profitable business as staff take control of their health.