Clariden Leu has added two new private bankers to its Singapore office, adding to a round of hires the firm has made in the Asian region.

Stephen Yan, previously the Royal Bank of Canada-Singapore's head of compliance Asia, will be occupying a similar role at Clariden with the title head of legal & compliance Asia, according to a statement by the Swiss private bank today.

Angeline Kiang, who used to be the senior vice president of the Royal Bank of Scotland's group audit Singapore unit, has been named head of business & operational risk management Asia.

Mr Yan will be overseeing all legal, regulatory, and reputational risk concerns, while Ms Kiang will be responsible for identifying and mitigating business and operational risks across the region.

Their appointments come along with the hiring of several other senior relationship managers and investment advisors as part of Clariden Leu's expansion strategy in Hong Kong and Singapore.

"These latest in a series of important hires mark the start of the next stage of our growth strategy," said Erich Pfister, the head of the bank's Middle East and Asia unit, in a statement.

"We now have the optimal setup to further grow in Asia – one of the fastest developing emerging markets in private banking – and we are keen to expand our footprint in the Asia-Pacific region."

The Swiss bank has been actively hiring in Asia for the past few months in a bid to gain leverage in the fast-growing region.

In early November, the company brought in Raymond Chung and David Louie from Deutsche Bank Hong Kong for its North Asia unit; a week prior to this, the firm appointed three more executives from DB, Chin Yit Lee, Soon Gek Chew and Janice Lee, for its South East Asia office. Clariden's new chairman, Kenneth Tong, also from DB, joined the company in September.