People Moves: HSBC Asia, Fry Group, Indosuez Wealth Management
HSBC Asia Private Bank
HSBC Asia Private Bank appointed Edward Moon as Asia head of alternative investments group on 1 June.
Moon joins from Bank of Singapore, where he was an executive director overseeing hedge funds and liquid alternatives as well as managed investments for two years. At HSBC, the managing director is leading the regional alternative investments group, which includes hedge funds, private equity and real estate. He has relocated from Singapore to Hong Kong for the role.
Before joining Bank of Singapore in 2016, Moon was the CEO of Ataraxia Quant Strategy, a division of independent asset manager Lighthouse Canton. Moon has also worked as a vice president at Citigroup and a financial analyst at Credit Suisse.
The Fry Group
The Fry Group, a global financial advisory group that specialises in working with British expats in Singapore and around the world, is strengthening its global tax team with the appointment of Stephen Kelly as senior tax consultant in Singapore.
Kelly will head up Fry Group’s Asia tax offering, working with the wider team including local tax consultant Stephanie Chan, based in Hong Kong, Jasmine Ee, tax associate in Singapore. He and the team will also be working closely with Fry Group’s UK-based tax advisers, strengthening the firm’s ability to offer specialised knowledge and experience in UK tax planning to clients across Asia.
Kelly has over 19 years’ experience in personal tax, specialising in residency issues and international payroll. He was previously UK tax and payroll manager at Immedis, a global payroll and employment tax specialist firm based in Dublin, where he headed up the UK team responsible for delivering personal tax planning and tax returns, handling specific tax award schemes, and working with clients on residency issues globally. Prior to that, he worked for RSM Tenon (now part of Baker Tilly), working with private clients including Non-Domiciles, High Net Worth (HNW) individuals, company directors, partnerships and expats.
The appointment follows that of Gary Smithson at the start of 2018, who joined as Financial Planning Consultant in Singapore. The Fry Group has a team of financial advisers offering a range of different tax and financial planning services across offices in Singapore, Hong Kong, the UK and Belgium.
David Pugh, director at Fry Group, commented: “We constantly look to enhance the services we offer and Stephen brings precisely the kind of experience and understanding of the UK tax landscape that our clients need. With clients based around the world, it is hugely important that we can deliver a truly global offering. Stephen’s experience in specifically personal tax, payroll and residency issues will be a real asset to our business as we continue to grow our global tax team. We’re excited to have him joining our growing global business.”
“I’m thrilled to be joining Fry Group,” added Stephen Kelly. “Their holistic approach to financial and tax planning is precisely the kind of service that I’m used to delivering to clients. They have a globally reputable, award-winning business that has set a gold standard in this market, and is one that I’m looking forward to joining.”
Indosuez Wealth Management
Indosuez Wealth Management group has appointed Jacques Prost as chief executive with effect from 18 June.
He is a member of Indosuez parent Crédit Agricole’s management committee. Since 2013, he has supervised global markets and financing activities as deputy chief executive of Crédit Agricole corporate and investment bank.
He joined the Crédit Agricole group in 2000 as head of structured finance for corporate and investment banking in Italy from Banque Paribas.