The ultra-high net worth focused investor services firm is appointing several senior replacements for its growing Asia business.
Shanker Iyer, Sunil Iyer and Sanjay Iyer will be leaving IQ-EQ in August to pursue other interests, as the company brings in several senior replacements to work with its local executive team, the company announced on Thursday.
Shanker is currently the firm's executive chairman, Asia, while his sons Sunil and Sanjay hold the roles of managing director, Singapore, and managing director, Hong Kong, respectively.
Formerly known as SGG Group, the investor services firm based in Luxembourg acquired the Iyer Practice, which provided advisory and compliance solutions to companies and private clients in Singapore and Hong Kong, in May 2018.
New Appointments
Michael Marquardt will join IQ-EQ in September 2021 regional CEO, Asia. Marquardt has lived and worked in the region for the last 15 years, and will be based in Singapore. He is currently partner and chief operating officer (COO) at investment management and advisory company Zerobridge, and spent more than a decade in Asia with BlackRock, including as COO, Asia Pacific.
The firm also appointed Andrew Ho, as head of private wealth, Singapore, as of 8 July 2021. Ho brings over 20 years’ experience, working in the Channel Islands, Hong Kong and for the last five years in Singapore, covering private client services.
IQ-EQ has a 25-year presence in Asia with key offices in Singapore, Hong Kong, the Philippines and Japan. Its Singapore and Hong Kong unit administer a combined value of more than $44 billion of assets, as of January 2021.
