Sheila Patel, Chairman of Goldman Sachs Asset Management, is set to retire. She joined the firm in 2003 as a managing director. Prior to becoming chair, she was co-head of equities distribution in Asia and head of US derivative sales and US synthetics sales at Goldman Sachs. She has been a partner at the firm since 2006. Patel will remain with the firm in an advisory capacity.
Euan Munro is leaving his CEO role at Aviva Investors after seven years. He was appointed to CEO in 2014 after joining from Standard Life Investments. Real assets CIO Mark Versey is taking over effective immediately.
Managing Director Michelle Ostermann has resigned from RPMI Railpen. She joined the firm in 2019 and led the investments business since then. CEO John Chilman will temporarily manage her responsibilities.
Chris Thorne was appointed as a Managing Director for private equity and real assets research at Aksia. Thorne was most recently a managing director responsible for European primary private equity funds and syndicated co-investments in London at Temasek.
Private Banking / Wealth Management
Hang Seng has named Irene Lee its new Chairman, succeeding Raymond Ch’ien. She holds multiple directorship positions including independent director at Hang Seng since 2014, director at parent group HSBC and independent director at Swiss Re. Lee is also a member of the Exchange Fund advisory committee at the city’s central bank, the Hong Kong Monetary Authority.
Sharon Chou was named CEO of Bank Pictet & Cie in Singapore. Chou joined the firm in 2011 after spending 14 years at BNP Paribas in Hong Kong. She was Pictet’s managing director of PWM North Asia and was most recently deputy CEO of PWM Asia and chief executive of its Hong Kong branch.
Zurich Malaysia has named Khoo Ai Lin as CEO of Zurich Life Insurance Malaysia Berhad. Khoo has more than 20 years’ experience in various strategic and senior management roles across both life and general insurance segments. Most recently, she was CEO of Tune Protect Group.