clariden-leu-strengthens-hong-kong-team

Clariden Leu strengthens Hong Kong team

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

Lara Wozniak

August 28, 2008

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 bankers and relationship managers for clients in Hong Kong, China and the Philippines.

Clariden Leu in Hong Kong hopes to grow its banking staff significantly in the course of the next year.

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