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- Vontobel Financial Products (Asia Pacific) Pte. Ltd. makes organizational changes aimed at further expanding its activities in the structured products business in Asia
Vontobel Financial Products (Asia Pacific) Pte. Ltd. makes organizational changes aimed at further expanding its activities in the structured products business in Asia
Publié le 16.09.2017 HAEC
Remigio Luongo will take over as CEO of Vontobel Financial Products in Asia as of 1 July 2015. Meanwhile, Gerhard Meier, Global Head of Vontobel’s multi-issuer platform deritrade® MIP, will also be responsible for coordinating and promoting the development of Vontobel Financial Products in the region.
Vontobel Financial Products (Asia Pacific) Pte. Ltd. in Singapore will be introducing various organizational changes as of 1 July 2015 as part of the further expansion of Vontobel’s activities in the structured products segment in Asia. Remigio Luongo, who is responsible for business structuring and development worldwide, will take over from Thomas Süssli as CEO of Vontobel Financial Products (Asia Pacific) Pte. Ltd. In addition to his duties as Global Head Multi Issuer Platform, Gerhard Meier will be responsible for coordinating and promoting the ongoing development of Vontobel Financial Products in the Asian market area. Switzerland’s Federal Council has appointed Thomas Süssli to a new role serving the Swiss Confederation, and he will be leaving Vontobel at the end of June 2015.
"With Remigio Luongo and Gerhard Meier, we are focusing on continuity, and on proven managers with extensive track records who combine a wealth of global experience with a keen awareness of the local circumstances," said Roger Studer, Head of Vontobel Investment Banking. With this extended organizational structure, Vontobel Financial Products is ideally positioned to push on with the development of its business in the region. "I would like to thank Thomas Süssli for the outstanding commitment he has shown in bolstering the development of Vontobel Financial Products in Asia," added Roger Studer.
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Please note that Vontobel Asia Pacific also carries on the business of dealing in securities, pursuant to the licensing exemption in paragraph 2(a) of the Second Schedule of the Securities (Licensing and Conduct of Business) Regulations, for its own account, or an account belonging to and maintained wholly for the benefit of a related corporation, but only with financial institutions which are either (a) the holder of a Capital Markets Services licence for dealing in securities or fund management issued by the Monetary Authority of Singapore ("MAS") or (b) a bank licensed by the MAS or (c) a merchant bank approved as a financial institution under the MAS Act or (d) a bank licensed, registered, approved or otherwise regulated under the laws of a jurisdiction outside Singapore to conduct banking business or (e) a corporation or firm licensed or registered to carry on business in dealing in securities under the laws of a jurisdiction outside Singapore. Accordingly, any independent asset manager that is not a financial institution as described above will not be able to deal in securities with Vontobel Asia Pacific but will need to do so through any of the financial institutions described above.
Publié le 16.09.2017 HAEC