CDIB Capital International Corporation has appointed three former SMC Capital executives in Hong Kong and Shanghai, while Singapore-based wealth manager Lumen Capital Investors has hired a number of private bankers. Meanwhile, long-time Credit Suisse private banker Rajesh Manwani has left the bank to join Julius Baer in Singapore.
CDIB hires three former SMC Capital execs
CDIB Capital International Corporation has appointed three former SMC Capital executives to its team.
Hamilton Tang, former group CEO of Simon Murray & Company and managing partner of SMC Capital China, has joined as managing director and will be based in Hong Kong. Prior to that, he was co-CEO of Lark Entertainment, a regional entertainment company and vice president at Morgan Stanley investment banking division in New York and Hong Kong.
Also joining the firm are former SMC partner Yinghai Xie and former SMC principal Sandy Ng.
Xie joins CDIB as managing director and will operate from the firm’s Shanghai office. At SMC, he was responsible for private equity investments in China. Prior to joining SMC, he was managing director of Milestone Capital, vice president of The Carlyle Group, associate director of Standard Chartered Private Equity, investment manager at Olympus Capital and an analyst at Lehman Brothers.
Sandy Ng, who joins CDIB Capital as senior vice president, has previously held appointments including as investment manager at Xcelerate Ltd., a Shanghai-based investment firm focused on early-stage companies, and as project development manager in a Singapore-based private equity fund focusing on seed stage projects.
Wealth manager Lumen Capital hires private bankers in Asia
Singapore-based wealth manager Lumen Capital Investors has hired a number of top private bankers, according to a report from finews on Wednesday.
New additions to the team include Roger Fluri, a Julius Baer veteran in Asia and Europe who was managing director of private bank Pictet in Singapore before joining Lumen Capital last week.
Nirmal Singh has been appointed as the head of Advisory Services. Prior to joining Lumen, he was vice president for Asia Pacific & Japan at Oracle.
Former Credit Suisse banker to join Julius Baer in SG
Manwani steps down from his position as the head of Investment Solutions and Products for Credit Suisse in Asia with effect from June this year. In this role, he was responsible for oversight of investment strategy, research, discretionary and advisory mandates, investment products (Funds. ETFs & Alternatives), wealth planning, family office, impact investing, philanthropy advisory and trust management for the Asia Pacific region.
He was appointed to the role in 2015. Prior to Credit Suisse, he has worked with UBS and Standard Chartered.