Strategy

UBS Rejigs Top Asian Wealth Leadership

Tom Burroughes and Andrew Deane 17 January 2020

UBS Rejigs Top Asian Wealth Leadership

This publication reports on changes to the structure of wealth management senior roles out of Singapore, with some appointments also set out for Hong Kong and other areas.

The world's largest wealth management house, UBS, is making a number of senior-level changes to its Asia-Pacific business, this publication can report. (An earlier version of this report appeared yesterday in WealthBriefingAsia, sister news service to this one.)

Anurag Mahesh and LH Koh are appointed as co-heads for GFO APAC under the new Global Family Office setup. The Global Family Office (GFO) is an integral part of the overall APAC business and will have a global reporting line into GFO and a regional reporting line into APAC.  

In Singapore, the Zurich-listed banking group is creating three markets:

-- Patricia Quek - sector head, Singapore & Malaysia;

-- Tian-Ong Foo - sector head, Thailand & Philippines; and

--  Raymond Ang - sector head of Indonesia, Greater China (Singapore) and Japan International.

In the Greater China region, UBS intends to maintain its existing structure of Hong Kong, China and Taiwan International businesses, this news service understands.

The senior positions are

-- Adeline Chien - sector head Hong Kong Domestic & SEA (HK);

-- Marina Lui - sector head for China (International and Domestic teams).

-- Francis Liu - sector head Taiwan International

It is understood that there are no changes to the Taiwan Domestic, Japan Domestic and APAC Switzerland setup, and they will remain under the leadership of Dennis Chen, Victor Chang and Frank Niedermann respectively.  

UBS has also named David Man as regional vice chairman for Wealth Management for Greater China region. Man joined the bank in 1996.  The change is effective from 1 February; reporting is to Amy Lo and August Hatecke, co-heads of WM APAC.

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