By Quynh Nguyen
Singapore-based DBS Private Bank has appointed Lee Woon Shiu as its new regional head of wealth planning, family office and insurance solutions.
Darshan Patel, who sold Paras Pharma in 2006, has made a come back with Vini Cosmetics, while Crompton Greaves’s Gautam Thapar is looking to re-enter the consumer space.
The company has also rejigged its top team and named Sanjay Kukreja as its new chief investment officer.
Fashion omnichannel startup Pomelo has hired RedMart’s former CFO Jim Boland as its new CFO.
Fixel led the $13 billion PE unit through deals that made billions of dollars in profit for the New York-based firm. He may start his own investment firm.
Among those who left the bank in the past six months include Teddy Kwong, MD and market head for Hong Kong, and Peter Lam, MD and team leader for HK.
At companies with all-male founding teams, about 14 per cent of leadership positions are held by women.
Goldman Sachs, Citigroup and JPMorgan are among the private banks already catering to the richest wealth management customers in Asia.
Women comprise 49% of Asia’s population and 36% of the GDP but just 12% of board seats, according to BofAML.
Satish Shankar will be responsible for leading Bain’s business across the APAC region and overseeing strategy, operations, training and development.