The appointment represents a return to Citi Private Bank for the senior figure, who had spent a stint at Union Bancaire Privée in Singapore.
A former employee of Citi Private Bank has returned to the US bank to take on a senior Asian role, this publication can confirm.
Faye Ong has been named head of family office advisory – Asia, and is based in Singapore.
Ong has has worked in the private banking business for over 16 years with particular expertise and experience in servicing ultra-high net worth individuals and family offices across Asia-Pacific and the Middle East.
She started her wealth planning career at Citi Private Bank in 2005. Prior to returning to Citi, Ong was the head of wealth planning, South Asia at Union Bancaire Privée and its senior family office advisor in Singapore as part of the family office services Switzerland business, based in Zurich. In this role, Ong created Singapore family offices for clients in Asia using the Economic Development Board GIP Family Office option and the Monetary Authority of Singapore section 13X and R tax exemptions. She also initiated the Variable Capital Company structure for clients with a DPM portfolio on UBP’s platform.
Ong graduated with a bachelor of laws, LLB (Hons) from the University of London, Kings College, UK and from University of California, Berkeley with a post- graduate degree in international trade and commerce. She sits on the board for the Centre of Fathering in Singapore.