Financial services movers and shakers: Asian monthly wrap



Philip Lee was appointed by Deutsche Bank as its Chief Country Officer for Singapore and Vice Chairman for South-east Asia effective from July 8, 2013. Previously the Singapore face of US investment bank JP Morgan, Lee will take on a much bigger role in his new job. Lee will work across all of its business divisions to develop client activities in South-east Asia, and takes over from Ronny Tan. Tan will continue as Vice Chairman, Deutsche Bank, Singapore. Lee will report to Gunit Chadha and Alan Cloete, Co-Chief Executive Officers, Asia Pacific, and members of the group executive committee.



Dianne Challenor has been appointed as Head of Transaction Services for Asia Pacific by J.P. Morgan Chase & Co.  Ms. Challenor previously served as Citigroup’s Hong Kong-based Chief Operating Officer for Asia Pacific. She replaces Hendra Lembong, who has moved into a new role at J.P. Morgan’s Asian-Pacific private bank.



Rajiv Louis has been hired by private-equity firm, Carlisle, as Managing Director to lead its investment advisory business in Indonesia. He was most recently Head of Investment Banking and Country Head for UBS in Indonesia



David Koh has joined Westpac Institutional Bank as its Head of Corporate and Institutional Banking for the region. The ex-JPMorgan banker will be based in Singapore, reporting to Bala Swaminathan and Andrew McDonald.



CIC The Chairman’s office at China Investment Corp (CIC) has been empty for about three months since former Chairman Lou Jiwei, who helped establish CIC in 2007, was promoted to become Finance Minister as part of the Communist Party’s once-a-decade leadership transition earlier this year. During that changeover, Beijing’s other top finance jobs – heading up the central bank, China Development Bank and the mainland’s "big four" state-owned lenders – were all filled. CIC was the notable exception.