Yuki Terase, Who Built Sotheby's Hong Kong Auctions Into Major Moneymakers, Departs After 10 Years Amid Staff Shakeup

Sotheby's is undergoing a major regime change in one of its fastest-growing hubs. Yuki Terase, the current head of contemporary art in Asia and a major force in building the house's client base in the region, is leaving the company. To replace her, Sotheby's is bringing in executives from its New York and London contemporary teams. Alex Branczik, the head of contemporary art in Europe, will take on the newly created role of chairman, modern and contemporary art, Asia; Max Moore will become head of contemporary art sales, Asia. Moore (who recently spearheaded the sale of a series of Pak…