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UBS Names New Singapore Country Boss

Tom Burroughes, Group Editor , 21 February 2019

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The Swiss bank has named the country head of its Singapore business.

UBS’s co-head of wealth management for the Asia-Pacific region, August Hatecke, has also been named as country head of Singapore and head of the Singapore branch.

In this new role, Hatecke reports to Edmund Koh, UBS president for the Asia-Pacific region, according to a memo from UBS that has been seen by this publication. Koh was previously country head for Singapore.

Hatecke relocated to Singapore in 2016 as head of wealth management for Southeast Asia. He has held various leadership positions over the course of his 19-year career at UBS. Previously, he also served as head of ultra-high net worth business at the global family office for the Switzerland operation, based in Zurich. 

Earlier this month, UBS global wealth management appointed Desmond Kuek as divisional vice chairman, based in Singapore. Kuek reports to Joe Stadler, the head of ultra-high net worth wealth management at the firm, and to Koh. Over a career spanning more than 35 years, Kuek has held leadership positions in the corporate world, the public sector and the military; and most recently as president and group chief executive of Singapore Mass Rapid Transit Corporation.

To view another recent UBS appointment, see here. UBS issued its fourth-quarter 2018 and full-year financial results earlier in January.

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