Global financial advisory and private bank Rothschild has hired a former Temasek Holdings managing director, Henry Ho, as new non-executive chairman for southeast Asia.
In his new role, Ho will work closely with the global financial advisory, wealth management and trust teams across southeast Asia to help identify and deliver business opportunities, develop client relationships and share his breadth and depth of experience in the financial services sector, the firm said.
At Singapore’s $185 million state investment vehicle Temasek he was managing director from 2009 to 2010, and was chief executive officer at one of its investee companies, Danamon Indonesia from 2010 to 2015.
Ho previously worked for Citibank in various roles in Singapore, Malaysia and Thailand. He has also held senior roles at PT Bank International Indonesia and at Saudi American Bank in Saudi Arabia.
At Rothschild Ho will work directly with corporates and wealthy Asian families in the region to enhance the growth of its businesses in southeast Asia.
The firm has offices in Singapore and Hong Kong, supported by more than 500 wealth management and trust professionals in Europe. It will progressively increase the headcount in these two offices as demand continues to increase, Rothschild said.
Robert Leitão, head of global financial advisory at Rothschild said: “Asia is important to the firm’s growth strategy globally. Henry’s appointment will amplify our growth strategy in Asia, which reflects the firm’s long-term commitment to the region.”
Rothschild’s wealth management and trust businesses in southeast Asia provide advice to family offices and wealthy Asian families on how to structure their financial affairs and to ensure that wealth is preserved for current and future generations.
“Rothschild’s core investment offering is increasingly finding favour with wealthy Asian families who wish to create a ‘nest egg’ of diversified assets across asset classes and international markets,” a spokesperson for the firm told Private Equity International.