UBS Group has moved “King of Warrants” Johnny Yu to its wealth management unit while Jungle Ventures has appointed former HSBC executive Arvind Sankaran as venture partner. TH Real Estate has promoted Michael Neal as CIO for Europe and Asia Pacific.
UBS moves Johnny Yu to wealth management unit in Hong Kong
After more than 12 years of heading UBS Group AG’s public distributions unit in Asia, Johnny Yu, nicknamed “King of Warrants”, has been appointed desk head of the bank’s wealth management unit in Hong Kong.
Yu, who earned the nickname “King Of Warrants” after more than a decade of selling the financial derivatives at UBS in Hong Kong, took the position in February of this year, according to his social media page.
Yu said his team, which he plans to grow to between five and eight relationship managers, will focus on serving high net worth individuals, or those with more than $2 million of investable assets, in Hong Kong.
In an earlier interview with Bloomberg, Yu said he will use his strong network within the Hong Kong retail customer base, one that he has built selling warrants to the city’s professionals, to bring new clients for UBS Group’s wealth division.
He joined the Swiss bank in May 2004 as Asia head of corporate equity derivates, based in Hong Kong. Prior to UBS, Yu worked at Credit Suisse First Boston and PricewaterhouseCoopers in London.
Former HSBC exec Arvind Sankaran joins Jungle Ventures as partner
Singapore-based venture capital firm Jungle Ventures has announced the appointment of former HSBC executive Arvind Sankaran as Venture Partner, as part of the VC firm’s bigger push into the expanding Asia-Pacific fintech market.
In a statement, Jungle Ventures said Sankaran will focus on sourcing, evaluating, and managing portfolio companies in financial services. He will also serve as advisor to the VC firm’s current portfolio of more than 10 companies in the sector, including Tookitaki, Kredivo, PaySense, SmartKarma, Abra, and Vayana.
Prior to Jungle Ventures, Sankaran ran the Asia-focused international wealth business of HSBC. He also built Singapore’s retail investments platform at Citi and led the de novo build-out of retail banking in Indonesia while working at Barclays.
TH Real Estate names Michael Neal CIO for Europe and Asia Pacific
Global real estate investment management giant TH Real Estate has appointed Michael Neal, current head of the company’s UK Investments, as chief investment officer (CIO) for Europe and Asia Pacific, with the task of overseeing the delivery of the firm’s investment strategies in these regions.
The promotion of Neal, who has been with TH Real Estate for a decade, comes as the firm structures its business to most efficiently provide for the future needs of its clients, according to the firm’s head, Mike Sales.
During this 10-year tenure at the London-based firm, Neal held various positions, including fund manager for TH’s UK Retail Warehouse Fund and fund director for various UK and European balanced vehicles.
TH Real Estate, an investment affiliate of TIAA’s investment management arm Nuveen, is one of the largest real estate investment managers in the world with about $109 billion in global assets under management.