Indosuez Wealth Management said it is moving a prominent Geneva executive to Singapore to run its private banking activities in Asia.

Pierre Masclet has been appointed as Chief Executive Officer for wealth management activities in Asia, effective immediately, and as branch manager of Indosuez Wealth Management (IWM) in Singapore, subject to regulatory approval.

Masclet is a 25-year veteran of the bank, which rebranded last year from Crédit Agricole Private Banking to Indosuez Wealth Management.

Based in Singapore, Masclet will lead the group’s wealth management activities in Asia and will work closely with Antoine Candiotti, Chief Executive Officer in Hong Kong and Sen Sui, Commercial Head in Asia, the firm said in a statement.

Expanded Role For Sen Sui

Masclet, who has held marketing, relationship manager and management roles at the bank, was most recently Indosuez's head of markets and investment solutions, based in Geneva.

As of 1st January 2017, Sen Sui (pictured below) has been appointed as commercial head of IWM in Asia. 

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 In this role he will be responsible for driving and coordinating the firm's activities in Asia, partnering with team leaders in Hong Kong and Singapore, who will report directly to him. Sui will be based in the Singapore office.

Sui started his career in wealth management in Geneva in 2005. In 2007, he became head of markets and investment solutions in Asia, based in Hong Kong. More recently, he served as the chief executive of IWM in Singapore.