People briefs

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• HSBC has bolstered its structured products business in Asia, with the addition of new appointees from three of its regional rivals, Citigroup, Deutsche Bank and JP Morgan Chase. Miles Henderson (pictured below), formerly a vice-president in JP Morgan Chase’s structuring and solutions group, will be responsible for developing the delivery of structured asset products in the region. Based in Hong Kong, he reports to Ivan Wong, HSBC’s head of risk management advisory. Joining Henderson will be Harjive Oberoi, formerly of Deutsche Bank, who joins HSBC as head of structured credit trading, responsible for developing the bank’s structured credit platform. Meanwhile, Derek Awyoung will join the bank in mid-September from Citigroup in Singapore as a trader in the regional derivatives team. Both Oberoi and Awyoung will report to John Flint, head of regional fixed-income and derivatives trading.

• Following the reshuffle at HSBC, which saw Paul Hand and Anita Fung appointed co-heads of global markets for Asia-Pacific in July, Tarun Kataria has moved from Singapore to Hong Kong to take over Hand’s regional head of sales role. Kataria was formerly head of sales for Singapore.

Albert Goh (pictured above right), JP Morgan Chase’s head of equity derivatives origination in the equity capital and derivatives markets group, Asia ex-Japan, has left the bank to join rival Goldman Sachs as an executive director. Goh, who spent eight years at JP Morgan Chase, will focus on corporate equity derivatives business at Goldman in Hong Kong, reporting to David Voon, the bank’s head of equity derivatives.

• Meanwhile, Adam Cowperthwaite, a vice-president in JP Morgan Chase’s equity capital and derivatives markets division, has joined Credit Suisse First Boston, where he will be responsible for structuring equity derivatives-related investment products. He reports to Kurt Ersoy, director at the bank’s convertible securities and equity derivatives department in Hong Kong.

• Merrill Lynch has made a string of new appointments in its Pacific Rim debt markets team. Sibo Feng joins the US investment bank from Banc of America, as a director in the global credit products group. Based in Tokyo, he will focus on correlation trading. Hiroshi Kimura, Ko Nishimura and Ryota Suzuki all join as vice-presidents in the Japan investor client group. Kimura joins from Daiwa SMBC and will focus on providing asset and liability structures for Japanese corporates. Nishimura, formerly of Goldman Sachs, will focus on Japanese regional institutions; while Suzuki, previously with JP Morgan Chase, will have responsibility for origination, securitisation and liability management for Japanese financial institutions. Meanwhile, Nobuaki Ueta joins from Mizuho Securities as vice-president in the global rates group, focusing on repo on short-end trades.

Oon Kum Loon, chief financial officer at DBS in Singapore and one of AsiaRisk’s risk managers of the year for 2002, will retire on September 30 after nearly 30 years at the bank. She will be replaced by Jeanette Wong, currently the bank’s chief administrative officer. Wong, who joined DBS in February, was formerly senior country officer for Singapore at JP Morgan Chase.

Masa Ishido has joined Bear Stearns in Tokyo as an associate director in the bank’s Japan credit trading team. Ishido previously traded credit derivatives at Deutsche Bank in Tokyo. He will report to Ralph Orciuoli, head of credit derivatives trading, Asia, for Bear Stearns.

• SG Asset Management (SGAM) has hired Doris Wong as head of fund distribution in Hong Kong. She will be responsible for building the firm’s presence in Hong Kong, Taiwan and China, and will report to Mahendran Nathan, SGAM’s managing director and regional head of business and marketing for Asia ex-Japan. Wong has previously worked for Fidelity Investments and Allianz Dresdner.

• SG Private Banking has hired Pierre Baer as executive director in Singapore. Baer will be part of the bank’s Asia executive committee and will report to Daniel Truchi, chief executive of SG Private Banking Asia-Pacific, chairman and chief executive of SG Trust Asia and chairman of SG Private Banking (Japan). Prior to joining the bank, he was head of Credit Suisse Private Banking for South-east Asia.

• The Hong Kong Monetary Authority has appointed William Ryback as deputy chief executive in charge of banking policy, development and supervision. He replaces David Carse. Ryback was previously a senior associate director of the board of governors of the Federal Reserve System, where he has worked since 1986 under various roles. His responsibilities at the board included managing the Federal Reserve’s Technical Assistance programme in bank supervision, and co-ordinating training with multilateral institutions, including the World Bank, the International Monetary Fund and the Financial Stability Institute of the Bank of International Settlements. Ryback was also the board of governors’ representative on the Basel Committee of Banking Supervision from 1986 to 1994. Before his departure, he was chairman of the association of Supervisors of Banks of the North Americas, whose members include the heads of bank supervision for 35 countries. Previously, Ryback has held various positions at the US Office ofthe Comptroller of the Currency.

Correction: On page 6 of the June issue of Asia Risk, we incorrectly identified Merrill Lynch’s Ranodeb Roy as a director of the Asian credit tradinggroup. He is in fact managing director. Apologies

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