People Digest: EQT promotes Chang to partner; Allianz, J. Safra Sarasin, Deloitte appoint top execs

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Marina Bay Sands, Singapore. Photo by Chen Hu on Unsplash

Private equity firm EQT Partners has promoted Brian Chang to partner, while Allianz Asia Pacific has a new regional chief financial officer and Swiss-based J. Safra Sarasin has named Angie Ma as its new managing director and vice chair of client advisory. Also Deloitte Southeast Asia Ltd has appointed Aye Cho and Cheung Pui Yuen as country managing partners for Myanmar and Singapore, respectively.

EQT announces partner promotions

Swedish PE firm EQT has promoted Singapore-based Brian Chang to partner, effective January 1, 2019. Chang, who was earlier a director at the firm, will be responsible for mid-market deals in Asia.

The PE firm has also promoted another five directors from Stockholm, New York, Oslo and Munich to partners.

“I am thrilled about the Partner promotions, these individuals play a key role in EQT’s vision to become the most reputable investor and owner and they are truly passionate about developing companies,” said Thomas von Koch, deputy managing partner of EQT.

Chang joined EQT Partners in October 2015. Prior to joining EQT, he was with Headland Capital Partners in Singapore, responsible for a number of investments in Southeast Asia across the consumer, F&B, education and offshore oil & gas sectors.

EQT Partners recently closed its Asia mid-market fund, EQT Mid Market Asia III, at $800 million. The fund invests in mid-market companies in Greater China and Southeast Asia.

Allianz Asia Pacific names new CFO

Allianz Asia Pacific has named Aaron Fryer as its new regional chief financial officer, effective January 1, 2019, according to Finews.Asia.

Fryer will be based in the Singapore regional office and report to Allianz Asia Pacific regional chief executive George Sartorel. Previously, he held the positions of deputy regional CFO and country CFO at Allianz after joining the firm in 2018.

Fryer is responsible for supporting Allianz’s growth strategy in Asia, driving long term performance and value creation, and managing all aspects for the finance division – including business reporting, actuarial, finance, risk management, and tax. Prior to Allianz, Fryer did stints in Prudential Vietnam and Prudential Indonesia.

J. Safra Sarasin appoints new MD

Swiss-based private bank J. Safra Sarasin has named Angie Ma as its new managing director and vice chair of client advisory, who will be based in Hong Kong and report to its Asia chief executive Enid Yip.

Formerly the managing director of Credit Suisse Private Bank in Hong Kong, Ma has more than two decades of experience in the private banking industry, focusing primarily on Hong Kong and China markets.

Prior to Credit Suisse, Ma spent eight years at UBS Hong Kong as managing director and head of China South country team.

“Angie Ma has successfully grown and managed large teams, while exceling at offering customised solutions to clients. We will continue to expand with highly regarded bankers as we enhance our coverage in the region,” said Yip.

Deloitte appoints managing partners for Myanmar, Singapore

Deloitte Southeast Asia Ltd, a member of Deloitte Touche Tohmatsu Limited (Deloitte Global), has appointed Aye Cho and Cheung Pui Yuen as country managing partners for Myanmar and Singapore, the company announced.

Aye Cho, former director of Deloitte Myanmar, has been appointed as country managing partner for Myanmar, taking over the position of Soe Win, who retired earlier this year. At Deloitte Myanmar, Cho led a team offering of financial advisory and tax services. He was responsible for supporting foreign corporations in setting up businesses in the country.

Meanwhile, Cheung Pui Yuen, formerly Singapore deputy managing partner for operations at Deloitte, will succeed Philip Yuen as country managing partner in Singapore. Philip Yuen will continue as Deloitte Southeast Asia CEO, and take on the role of chairman of Deloitte Singapore.

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