EFG has hired multiple private bankers for its Asia Pacific business, in line with its 2022 strategic plan to drive growth in the region.
EFG appoints Timothy Lo as North Asia vice chairman, according to a statement, reporting to APAC executive chairman Albert Chiu.
Lo will work closely with North Asia CEO Kees Stoute and North Asia head of private banking Richard Strauss to support the bank’s relationship managers and drive regional business growth.
Lo has 35 years of industry experience and he joins from Credit Agricole Indosuez in Hong Kong where he was deputy CEO and North Asia commercial head since 2017. Previously, he was a managing director and North Asia head for CIC Investor Services.
North Asia Hires
In Hong Kong, EFG has hired eight relationship managers – the bank calls them client relationship officers (CROs) – in including Michelle Wu as managing director and team head, reporting to Strauss.
She will be supported by managing director Ben Chu alongside directors Ashis Sengupta and Ernest Cheung.
Wu has 15 years of wealth management experience, joining most recently from Indosuez where she was a team head.
Southeast Asia Hires
The Zurich-headquartered private bank also hired three CROs for its Southeast Asia business including managing director Nobuhiro Sano alongside Michael Ting and Yichen Shen.
Nobuhiro is an industry veteran and was most recently the head of wealth management and head of China business strategy at Nomura.
He, Ting and Shen report to head of private banking and deputy CEO of EFG Singapore Oliver Balmelli.
