Resignations and restructuring at Clearstream

Clearstream will undergo a significant shakeup this summer, as its head of client relations resigns, and its Asian business splits in half.

Philippe Metoudi, Clearstream’s head of client relations Asia-Pacific, Middle East and Africa, has decided, for what the company’s statement describes as: “personal reasons and at his own request”, to resign after 20 years with the company.

From 1 August 2012, one day after his resignation is made effective, Clearstream will also divide its Asian business into a North and a South section. Responsibility for the northern 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. 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.

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.