Barclays has announced that it has appointed Rickie Chan as Market Head, Hong Kong, to its wealth and investment management division. Chan joins on 16th August 2012, and will report to Pakorn Boonya-kurkul, Head of Wealth Management, North Asia.
Chan joins Barclays from Goldman Sachs where he was Executive Director, managing a team of bankers responsible for serving Hong Kong ultra high net worth clients. With 16 years at Goldman Sachs, Chan brings with him a great depth of experience and expertise in managing ultra high net worth client relationships that require complex private and business wealth management needs.
Boonya-kurkul said: ‘Hong Kong is a key market for us, alongside China and Taiwan, in our North Asia growth plans. Rickie’s responsibilities are to continue building our Hong Kong business and team at an even more aggressive pace, and at the same time, work closely with the rest of the Barclays Group in delivering the full value of the firm to our Hong Kong clients’.
Under the leadership of Pakorn Boonya-kurkul who joined in May 2011, Barclays has grown its North Asia business considerably. In December 2011, Barclays hired Carol Chen and Januar Tjandra, as market heads for Greater China based in Singapore and Hong Kong respectively, responsible for building, managing and growing their team of bankers serving Chinese and Taiwanese clients. Between them, they have since hired eight bankers across the two locations.
These senior appointments further signal Barclays commitment to continued expansion in North Asia and follow the opening of its second Asian booking center in Hong Kong in 2010. This has enabled Barclays to provide greater proximity to its clients and also paved the way for continued broadening of its product capabilities to target wealthy Asian clients.
Boonya-kurkul added: ‘With China’s emergence as the world’s largest exporter, and with Renminbi (RMB) trade settlement continuing to gain traction and prominence, Hong Kong’s position as a RMB financial hub will further grow in importance and stature. Our recent expansion of RMB trading capabilities in both our Singapore and Hong Kong booking centres is a significant step in capturing the growth of wealth in the Greater China region, and further demonstrates our commitment to providing our clients best in class and market-leading services’.