Schroders WM strengthens leadership in Asia

Schroders Wealth Management (WM) has appointed Peter Flavel as chair and independent non-executive director of the board of Schroder & Co (Asia), subject to regulatory approval. He will work closely with Evonne Tan, recently appointed CEO of Schroders WM, Asia, as the business continues to invest in growth across one of its most strategically important markets, according to a statement released by the wealth manager yesterday. Flavel has more than three decades of international private banking and wealth management experience, having held senior leadership roles across Asia, Europe, the Middle East and the Americas. He set up Standard Chartered’s global private bank and was later chief executive officer of J.P. Morgan Private Wealth Management for Asia Pacific, based in Singapore. Most recently, he was chief executive of Coutts, until he resigned in the wake of the Nigel Farage “de-banking” row in 2023. Oliver Gregson, CEO of Schroders Wealth Management, said: “Asia remains one of the most attractive long-term wealth markets globally and is central to our growth ambitions. Peter is a highly respected industry leader with a deep understanding of private banking, wealth management and the opportunities across Asia.’ Tan added: “Peter’s experience leading some of the world’s most respected private banking businesses, particularly across Asia, will be a tremendous asset to our clients and colleagues.” The appointment also marks a planned transition in the governance of the Asia business, according to the statement. Jason Lai, who has contributed to Schroders WM’s development in Asia over many years, will step down from the board.