Monaco-based CFM Indosuez Wealth Management SA appointed Pierre Masclet as deputy CEO and Omar Shokur as CEO Asia, respectively, effective July 1.

Masclet, who will join the management committee of the company's wealth management line, was previously CEO Asia at Indosuez Wealth Management. Based in France, he will coordinate commercial activity between the commercial heads of France, Luxembourg, Monaco and Switzerland.

Shokur will succeed Masclet as CEO Asia and will also take over as the branch manager of the company in Singapore, as of July 1. He has been head of markets, investment and structuring teams for Indosuez in Switzerland and Asia, and will report to CA Indosuez (Switzerland) SA CEO Jean-François Deroche in his new role.