Singapore- and US-based VC B Capital has appointed a new vice-chairman, while Indosuez Wealth Management in Asia (Indosuez) has announced four key appointments for Singapore and Hong Kong branches.
B Capital appoints new vice-chairman
Singapore- and US-based venture capital firm B Capital Group has announced the appointment of Sheila Patel, former chairman of Goldman Sachs Asset Management, as vice-chairman to its executive leadership team.
Patel joins B Capital, which was founded in 2015 by Facebook co-founder Eduardo Saverin and former Bain executive Raj Ganguly, as the firm continues to expand into Asia and China.
With assets under management of more than $3.5 billion, B Capital recently announced its formal launch in China and expanded investment activity in India and Indonesia.
Patel brings 30 years of experience in financial markets and investments. She served on Goldman Sachs’ Firmwide Management Committee, Partnership Committee, the Inclusion & Diversity Committee, and led ESG and Sustainability initiatives for the firm.
B Capital’s continued global expansion into China and Asia comes as the firm raised $415 million for a new fund that will provide follow-on capital to high-performing portfolio companies.
The VC firm, which has offices in San Francisco, New York, Los Angeles and Singapore, invests in companies in enterprise technology, fintech, healthtech, consumer enablement technology, and transportation and logistics. Some notable Asian startups within its portfolio include Ninja Van, Blackbuck, Synack, Khatabook, and CXA Group.
Indosuez makes key appointments
Indosuez Wealth Management in Asia (Indosuez), the global wealth management brand of Crédit Agricole Group, has announced four key appointments for Singapore and Hong Kong branches.
The appointments include Bernard Mueller as head of risk Asia and Indosuez’s Singapore branch, Kristin Chung as head of risk for Hong Kong SAR Branch, Eric Chan as senior director, investment advisory for Hong Kong SAR branch, and Anthony Cheng as senior director, investment advisory for Hong Kong SAR Branch.
Mueller and Chung have extensive expertise in the areas of credit and risk management in banking, while Chan and Cheng bring a deep understanding of private wealth management.
A highly experienced member of the bank, Mueller relocates from Geneva where he was head of credit & risk wealth management for Indosuez in Switzerland. He will continue to strengthen Indosuez’s credit & risk franchise in his new role in Asia.
Chung will report to Mueller. Prior to Indosuez, Kristin was the head of credit risk in HSBC Private Bank in Hong Kong SAR, where she led the credit & product risk team, covering the Hong Kong SAR booking centre while supporting the private banking centres in Singapore and Taiwan.
Chan has substantial expertise providing investment advisory and portfolio management advice to high-worth clients across multi-asset classes. Prior to joining Indosuez, Chan was Director, Investment Advisor at Julius Baer.
Cheng has strong experience in private banking, especially advisory in structured products to high net worth clients globally. Before Indosuez, he was with Deutsche Bank, Private Wealth, Hong Kong SAR, where he was responsible for driving the internal product launch of cross-asset structured products.
Indosuez Wealth Management is the global wealth management brand of Crédit Agricole group.