Clariden Leu announces more hires in Asia

Swiss private bank Clariden Leu has appointed Stephen Yan as head of legal and compliance Asia and Angeline Kiang as head of business and operational risk management Asia. Both executives have more than 10 years of experience in their respective fields.

"These latest in a series of important hires mark the start of the next stage of our growth strategy," said Erich Pfister, head of the Middle East & Asia division. "We now have the optimal setup to further grow in Asia -- one of the fastest developing emerging markets in private banking -- and we are keen to expand our footprint in the Asia-Pacific region."

Yan will oversee all regulatory, legal and reputational risk matters across the region. Prior to Clariden Leu, he spent five years as head of compliance Asia in the international wealth management business at Royal Bank of Canada in Singapore. He was in private practice for five years before joining the banking industry.

Kiang will be responsible for identifying and mitigating business and operational risks for Clariden Leu in Asia. Before joining Clariden Leu, she was senior vice-president in the group audit Singapore team at Royal Bank of Scotland and prior to that she spent seven years in the banking and capital markets industry group at PricewaterhouseCoopers, also in Singapore.

Clariden Leu has been on a massive hiring spree of front-line bankers. On November 2, the Swiss bank appointed Raymond Chung and David Louie as co-heads of North Asia. In October, Soon Gek Chew, Janice Lee and Chin Lit Yee all joined the private bank in key roles. And in September, Kenneth Toong became Clariden Leu's first chairman for Asia.