Credit Agricole Suisse, the largest entity among Credit Agricole’s private banking businesses, has appointed Sen Sui as the new chief executive of its Singapore branch, according to a press release.
Sui, who is currently head of markets and investment solutions in Asia, will take over from Roland Feser, who will be retiring in March after 38 years with the Credit Agricole group.
Feser has been head of the Singapore office since July 2008 and has played a key role in the growth of this branch with regard to both assets under management and revenues, as well as the size of the team.
Sui, who has until now been based in Hong Kong, will be transitioning to Singapore at the end of this month to take on his new role and will initially be working alongside Feser to ensure the leadership transition goes smoothly. Like Feser, he will be reporting to Georges Zecchin, the CEO of Credit Agricole Suisse in Asia.
Sui’s current job as head of markets and investment solutions will be taken over by Victor Choi, who is currently head of FX and precious metals advisory for Asia. In his new role, Choi will be responsible for all the product teams across Asia, within both advisory and foreign exchange.
Sui previously also had a second role as head of Hong Kong advisory, but that has already been filled by Dong Sinh Ngo, who joined Credit Agricole Suisse in November, as earlier reported by our sister magazine AsianInvestor. Ngo was previously chief strategist for emerging markets and Asia at BNP Paribas Asset Management — a job that he left in October last year.
According to the release, Feser will be retiring both from the firm and from the industry. He has spent his entire career with Credit Agricole Group, first with Banque de l’Indochine, then Banque de l’Indochine et de Suez, Banque Indosuez and finally Credit Agricole Suisse.
Before taking over as CEO of the Singapore branch five-and-a-half years ago, he managed the capital markets activity of Credit Agricole Suisse in Switzerland.
Sui too has extensive leadership experience and industry knowledge and is one of the banks’ main leaders and spokespeople in Asia. Before he joined Credit Agricole Suisse in December 2005 he worked in the IT industry in areas such as software design and client servicing. His previous employers include IBM and Oracle.
Choi has more than 10 years of experience in private banking, treasury and financial products. In his previous role as head of FX and precious metals advisory, he managed a team of seven advisers throughout the region and was responsible for generating, distributing and executing profitable FX trades. He also developed yield enhancement ideas for the bank via in-depth fundamental and technical analysis.
Credit Agricole Suisse is a Geneva-headquartered private banking arm of French bank Credit Agricole. Its businesses in Asia, which operate under the Credit Agricole Private Banking brand, are carried out through its two branches in Singapore and Hong Kong.
