Clariden Leu strengthens Hong Kong team

The Swiss private bank appoints Philip Penaloza as team head for its asset management office in Hong Kong.

Clariden Leu, Switzerland's third largest private bank, has appointed Philip Penaloza as team head for its asset management office in Hong Kong. This is a new position, which the bank says is a part of its expansion plans in Asia.

Penaloza brings 28 years of experience in portfolio management, private equity and asset management to Clariden Leu, having recently served as senior portfolio counsellor for Citi private banking in Hong Kong.

In his new role, Penaloza will oversee recruitment of...

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