Philippe Metoudi, Member of the Executive Board of Clearstream International S.A. and the company's Head of Client Relations Asia-Pacific, Middle East and Africa, has decided, for personal reasons and at his own request, to leave the company which has been mutually agreed to be effective 31 July 2012.
Philippe Metoudi is departing after 20 years with Clearstream.
With effect from 1 August 2012, Clearstream is introducing a new organisational structure for its Asian business and dividing the growth region into a North and a South section. Responsibility for the North region, which includes Clearstream's Hong Kong and Tokyo offices, will be in the hands of Alton Chan, who has been responsible for the Clearstream accounts in the Asian-Pacific region for the last 15 years. Robert Tabet will be responsible for South Asia which includes Clearstream's Singapore and Dubai offices. Robert Tabet, who has been with Clearstream for 15 years, will remain the General Manager of the Clearstream branch in Singapore. In their new roles, Alton Chan and Robert Tabet will report directly to Clearstream CEO Jeffrey Tessler.
Jeffrey Tessler, Chief Executive Officer of Clearstream, said: "Philippe Metoudi has made a major contribution to the development and success of our business in Asia and I would like to thank him for his enduring commitment to Clearstream and wish him all the best for the future. Asia is a crucial growth region for Clearstream. The new organisational structure will put us in a position to provide clients in the region with even more comprehensive advice and support. I feel certain that Alton Chan and Robert Tabet will bring new impetus to our successful Asia business and continue to grow it."
Alton Chan joined Clearstream in 1997 and is based in Hong Kong where he is responsible for customer relations in China, Hong Kong, Japan and Korea. He also represents Clearstream in several Asian market forums and initiatives.
Robert Tabet joined Clearstream in 1997 and was then assigned to Head of Business Development for the Middle East and Africa. In November 2009, he was appointed as General Manager of Clearstream's Singapore branch, with responsibility for business development and strategy implementation in South Asia, Australasia, the Middle East and Africa.
Philippe Metoudi joined Clearstream on 1 June 1992 as Head of the Hong Kong office and has since held various management positions for Clearstream in Asia. Philippe Metoudi was named "Custodian Banker of the Year" by the renowned Hong Kong magazine The Asset in 2009. In 2011, he was honoured with the "Lifetime Achievement Award" by Global Custodian magazine.