Swiss private bank Union Bancaire Privee has appointed Shingo Tsuda, former vice president of Daiwa Asset Management (America), as the new president of its Japanese unit, UBP Japan Securities, in Tokyo. Geneva-based UBP employs over 1,250 people in 20 locations worldwide and provides a complete range of investment products and services. As global asset manager for private and institutional clients, the group had over SFr133 billion under management at 30 June 2007.