People Digest: Ostrum beefs up HK team; StanChart loses exec in SG

Standard Chartered
A sign hangs above the entrance to the headquarters of Standard Chartered Plc in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Natixis Investment Managers-affiliate Ostrum Asset Management has roped in two new senior executives in Hong Kong as it expands its real assets private debt management offering in the region, while StanChart managing director Lena Ho has reportedly left the lender’s private banking unit in Singapore.

Ostrum AM ropes in two new senior executives in Hong Kong

Ostrum Asset Management, an affiliate of the US- and France-based Natixis Investment Managers, has appointed Charles Regan as managing director and head of APAC Infrastructure Real Assets Private Debt and Alistair Ho as managing director and head of co-lending for Asia Pacific, according to a company announcement.

Both the roles will be based out of Hong Kong.

Ostrum recently incorporated a new subsidiary in Hong Kong to support its growth in the region. Regan was earlier the co-founder and managing director at Windward Capital Asia Inc. Ho, on the other hand, was the head of structured finance for Asia, ex-Japan.

Ostrum said it is expanding its business in the Asia-Pacific region by opening a subsidiary in Hong Kong to provide investors with opportunities to diversify into real asset private debt.

StanChart MD Lena Ho said to leave private banking division in Singapore

Lena Ho, a managing director at Standard Chartered Bank, has left the bank’s private banking division in Singapore, according to a Finews.asia report.

The reason behind the departure and Ho’s next role were not disclosed. The move comes as Standard Chartered continues to face challenges in its efforts to rebuild its private banking division.

Additionally, the lender is also facing mounting pressure from its largest shareholder, Temasek, after it failed to generate close to a double-digit ROE like its Asian rivals.

Since Bill Winters, former co-head of JP Morgan’s investment bank, took over the CEO position at StanChart in 2015, the bank has witnessed a 40 per cent decline in its stock price. In 2018, the London-based bank announced plans to reorganise its Asian hubs by moving units to two subsidiaries in Singapore and Hong Kong.

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