People: SGX’s new fixed-income origination head

Plus: ANZ Taiwan CEO; DBS Private Bank hires Ioannou; global risk head for ADS Securities

SGX Centre 2
SGX Centre 2

Singapore Exchange (SGX) has appointed Michael Luk as the new head of fixed-income origination and sales, effective January 1, 2017. Luk will report to SGX head of equities and fixed income, Chew Sutat.

Luk has more than 18 years' experience in debt capital markets covering all fixed-income debt financing products including public bonds, high yield, leveraged finance, syndicated loans, private placements and structured debt products. Prior to SGX, he served as the global head of debt capital markets with ANZ Banking Group in Hong Kong and before that, the head of Asia-Pacific debt capital markets at Bank of America Merrill Lynch.


Peter Chan will succeed Terry King as Taiwan CEO of ANZ, following King's decision to retire after a 36-year career in banking. Chan will start his new role on January 2, 2017, subject to necessary ANZ Taiwan board and regulatory approvals.

Chan is currently CEO Philippines and has served different senior institutional roles with the bank in Australia, Hong Kong and the Greater China region. King will continue to support ANZ as a non-executive director of ANZ Taiwan's board.


Rob Ioannou has joined DBS Private Bank as the head of international, from HSBC Private Bank.

Ioannou will be in charge of global South Asia and non-resident Indian teams, the Europe, Middle East and Africa geographies, as well as the Japan international segment. He will report to Lawrence Lua, deputy head of DBS Private Bank.

Before joining DBS, he spent 13 years at HSBC Private Bank. His most recent job was co-head of HSBC's Private Bank for South-east Asia.


Karl Sees has joined ADS Securities as global head of risk from RBS, where he was head of risk oversight, advice and engagement in the corporate and institutional banking unit. Sees has relocated from London to Abu Dhabi for his new role. Sees joined RBS in 2012 as chief credit officer. Prior to RBS, he worked at Barclays for nine years in London.


Asian Development Bank (ADB) has made Yasuyuki Sawada chief economist. Currently a professor at the University of Tokyo's Graduate School of Economics, Sawada will assume office in the spring of 2017. He will act as ADB's spokesperson on economic issues and head its economic research and regional co-operation department.

Sawaka has worked at the ADB Institute in Tokyo and served as a consultant for various projects at the World Bank Group. He has also served as a visiting professor at Stanford University's Stanford Center for International Development, and adjunct professor of economics at Korea University.


The Reserve Bank of Australia has filled two assistant governor for economics roles with Luci Ellis and Lindsay Boulton.

Ellis, previously head of financial stability, will now act as assistant governor for economics. Since joining the bank in 1991, she has worked in economic analysis and research departments.

Boulton will join the bank's senior executive team, moving from his role as head of the banking department to assistant governor for business services. He joined the bank in 1983, serving in various roles before taking up his position as head of risk management in 2007.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here