Key Takeaways
- • Schroders appointed Evonne Tan as CEO of Asia Wealth Management, based in Singapore, marking a key leadership move in the region's wealth operations.
- • Jason Lai assumed the role of Chair of Schroders Wealth Management in Asia, signaling organizational restructuring in the APAC region.
- • The UK asset manager's APAC head of wealth and Singapore/South Asia chief Lily Choh are exiting amid a cost-cutting drive, indicating broader leadership transitions.
- • Chee Long Chong was appointed head of institutional business for Southeast Asia, effective January 19, 2026, reflecting expanded institutional focus in the region.
- • At the global level, Schroders appointed a new Global Head of Wealth Management (former Cazenove Capital CEO) alongside Karine Szenberg as executive vice chair and Matt Oomen as global head of client group.
Summary
Schroders has undertaken significant leadership restructuring across its Asia wealth management operations and global client group functions. The UK asset manager appointed Evonne Tan as Chief Executive Officer of its Asia Wealth Management business, based in Singapore, positioning her to lead wealth management expansion across the region. Concurrently, Jason Lai took on the newly created role of Chair of Schroders Wealth Management in Asia, establishing dual leadership to oversee strategic direction and operational execution.
The reshuffle reflects both growth ambitions and cost optimization priorities. While new appointments were announced, the firm simultaneously executed departures, with the APAC head of wealth and Singapore/South Asia chief Lily Choh exiting the organization as part of a cost-cutting initiative. This combination of promotions and exits suggests Schroders is recalibrating its Asia footprint to align with profitability targets while maintaining strategic focus on the region's expanding wealth management opportunity.
At the institutional level, Chee Long Chong was appointed head of institutional business for Southeast Asia, effective January 19, 2026, underscoring the firm's commitment to deepening institutional client relationships across the region. The appointment signals recognition of Southeast Asia's institutional capital growth and Schroders' competitive positioning in that segment.
Schroders' changes extended beyond Asia to global structures. The firm named a new Global Head of Wealth Management (sourced from Cazenove Capital's CEO role) to drive wealth management operations outside the UK. Additionally, Karine Szenberg was appointed executive vice chair and Matt Oomen joined as global head of client group, together reshaping the client-facing architecture to support coordinated service delivery across geographies and client segments.
The reshuffle reflects both growth ambitions and cost optimization priorities. While new appointments were announced, the firm simultaneously executed departures, with the APAC head of wealth and Singapore/South Asia chief Lily Choh exiting the organization as part of a cost-cutting initiative. This combination of promotions and exits suggests Schroders is recalibrating its Asia footprint to align with profitability targets while maintaining strategic focus on the region's expanding wealth management opportunity.
At the institutional level, Chee Long Chong was appointed head of institutional business for Southeast Asia, effective January 19, 2026, underscoring the firm's commitment to deepening institutional client relationships across the region. The appointment signals recognition of Southeast Asia's institutional capital growth and Schroders' competitive positioning in that segment.
Schroders' changes extended beyond Asia to global structures. The firm named a new Global Head of Wealth Management (sourced from Cazenove Capital's CEO role) to drive wealth management operations outside the UK. Additionally, Karine Szenberg was appointed executive vice chair and Matt Oomen joined as global head of client group, together reshaping the client-facing architecture to support coordinated service delivery across geographies and client segments.
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