The new appointments include Tsukasa Miyachi, Erliena Yulianawati, Fumiko Omura and Eugene Huang. The move shows the growing importance of Singapore as a wealth management hub for the bank.
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Tsukasa Miyachi, who has been appointed on 3 April 2012 as the managing director, focusses on the Indonesia market. He is a veteran having 25 years of private and investment banking experience across Singapore, Hong Kong, Beijing and Tokyo.
Erliena Yulianawati from Clariden Leu has also been appointed on 2 April 2012 as the director focusing on the Indonesia market and she has more than 20 years of private and corporate banking experience with various financial institutions in Singapore and Indonesia.
Fumiko Omura, having 25 years of banking experience, has joined from Merrill Lynch as Director on 20 March 2012 and will focus on clients across key markets, primarily in Southeast Asia.
Barclays also appointed Eugene Huang to its Greater China team in February 2012 to focus on serving UHNW clients in Greater China. Mr. Huang, who is based in Singapore, has more than 20 years of wealth management experience with various financial institutions in Singapore and Taiwan.
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By GlobalDataCommenting on the recent developments, Srinivas Siripurapu, head of wealth management, South Asia and Southeast Asia, for Barclays, said "Singapore has established its reputation for high standards of regulation and supervision, as well as a robust legal and judicial framework. As the wealth management industry in Singapore continues to develop in tandem with the burgeoning pace of wealth creation, Barclays is focused on attracting the best private banking talent to tap on this growth."
"Barclays remains committed and focused on hiring senior bankers based out of Singapore to serve our clients in the region. Our recent appointments clearly reflect the strong momentum we have in terms of hiring. Collectively, these four bankers bring more than a century of banking experience with them, proof that the Barclays proposition is very attractive to senior private bankers in Asia," he further added.
Siripurapu had joined Barclays in 2009, and under his leadership, the Southeast Asia and South Asia private banking business in Singapore has grown its revenues by 50% every year, and more than doubled its assets under management.
