Coutts has confirmed its new managing director, market head for South East Asia, to be Jacqueline Chua, having resigned from UBS, as reported by WealthBriefingAsia earlier this month. (WBA is sister publication of this website.)

Chua assumes the role with immediate effect, based in Singapore. She will report to Ranjit Khanna, head of South East Asia and global NRI at Coutts.

In her new role, at Coutts, Chua leads teams of private bankers covering Singapore, Malaysia, Indonesia and Thailand. She is also responsible for developing and delivering distinct client propositions, while enhancing client satisfaction across these countries, the firm said in a statement.

“South East Asia is a key strategic priority for Coutts, and we are investing significantly as we expand in this key region,” Khanna said in the statement.

“There is tremendous opportunity and momentum in the business in South East Asia, and I am confident that Jacqueline’s breadth of expertise and knowledge will be a powerful cornerstone to further grow our client-servicing capabilities and deliver our growth agenda in this region,” he said.

Chua comes from UBS Singapore, where she was executive director and desk head of the Singapore team, leading a team of bankers in growing and managing a billion-dollar portfolio. Prior to this, Chua worked at ABN AMRO Singapore, Allianz Dresdner Asset Management and Citibank Singapore.

The appointment reaffirms the importance of the South East Asian region to Coutts, given its promise as one of the world’s fastest-growing regions of private wealth following recent strong economic and investment growth rates, and buoyant financial market developments amid a broader slowdown, Coutts said.