Swiss private bank J Safra Sarasin has named Andy Chai as its new Asia CEO, replacing Enid Yip.
Chai has spent over two decades working in the wealth management, private equity, corporate finance and consulting space.
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Andy Chai was most recently the co-CEO of wealth management for Asia Pacific at BNP Paribas.
In this role, Chai was in charge of the Greater China markets, which included mainland China, Hong Kong and Taiwan.
He shared this role with Arnaud Tellier, who managed Southeast Asia, India and international markets.
Chai stepped down from this position last year after only two months after his appointment.
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By GlobalDataMeanwhile, Yip has now become a member of the bank’s board of directors.
Additionally, J Safra Sarasin has appointed Vinay Gandhi as the deputy CEO for Asia, succeeding Yelandur Nagendra who is retiring.
Gandhi currently serves as the bank’s Singapore chief. He will retain this position in addition to the new responsibility.
Other management changes
In October 2019, Bank J. Safra Sarasin appointed Daniel Belfer as its new CEO.
Earlier last year, Bank J. Safra Sarasin named former UBS executive Jürg Haller as its new chairman.
In 2018, Bank J. Safra Sarasin hired Raphael Alder from Credit Suisse to serve as its new head of private banking for domestic clients in Zurich.
