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People Moves: JPAM CIO relocates to HK; Manulife AM adds CFO, CMO
Carlyle names Southeast Asia chief. Sunil Kaul, a 30-year veteran of private equity and banking scene, has been appointed head of Southeast Asia of the Carlyle Asia buyout advisory team. Greg Zeluck, Managing Director and Co-Head of the Carlyle Asia buyout advisory team, had this to say:
“Sunil is a Carlyle veteran with a wealth of experience in the private equity and financial services industries. With his deep industry expertise and strong networks, Sunil has significantly contributed to the success of many of our investments in Asia over the last seven years. In this newly created role, Sunil will lead our investment advisory activities in Southeast Asia as we continue to see great opportunities in this fast-growing region.”
Before joining Carlyle in 2008, Kaul was president of Citibank Japan, a role he served concurrently with his chairmanship of Citi's credit card and consumer finance companies in Japan. He was also a member of the banking giant’s Global Management Committee and Global Consumer Planning Group. Carlyle
JP Morgan AM CIO returns to Hong Kong. Richard Titherington, JP Morgan Asset Management’s London-based CIO for emerging market equities, will be returning to Hong Kong to lead the U.S. investment firm’s newly-merged emerging markets and Asia Pacific equity team. Titherington, who previously spent 14 years in the region, seems to be pretty stoked on the move:
“For me, this move feels like coming home and I couldn’t be more pleased. The firm has a long and proud history in the region, backed by a very strong group of investment professionals. I am honoured to have been entrusted with this role and am very excited about the prospects for our team.”
Despite the move, he will remain as portfolio manager for his UK and Luxembourg-domiciled portfolios. AsiaAssetManagement
Manulife AM adds two key hires. Frederick Reidenbach, an old hand in the Japanese asset management space, has been named chief financial officer, wealth and asset management, Asia by Manulife Asset Management. Joining him at the firm will be Grace Ho, a ten-year veteran of the financial services marketing arena. She’ll be serving the firm as its chief marketing officer, wealth and asset management, Asia.
Prior to joining Manulife, Reidenbach spent 10 years at Nikko Asset Management in Japan, working in various capacities including a dual role of CFO and COO. Ho meanwhile was the previous head of marketing, Asia Pacific for Schroders. Before that, she spent two years at JP Morgan as a VP in marketing following a four-year stint at AIG in a similar role. They will both be based in Hong Kong. FundSelectorAsia
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Photo: Luke Ma