HONG KONG, June 12 (Reuters) – UBS (UBSG.S) Asia Pacific co-head of wealth administration, Amy Lo, has expanded her position to spend extra time on key purchasers after the Swiss financial institution accomplished its takeover of Credit score Suisse (CSGN.S) on Monday, in accordance with an inner memo seen by Reuters.
Lo retains major accountability for Hong Kong, North Asia and Higher China, together with onshore entities, however will now function chair of worldwide wealth administration Asia, specializing in key purchasers, strategic development alternatives and regulatory administration within the area, the memo mentioned.
Jin Yee Younger, who beforehand led the Asia Pacific wealth enterprise at Deutsche Financial institution (DBKGn.DE) and Credit score Suisse earlier than that, will be a part of UBS from June 29 as Lo’s co-head of the Asia Pacific enterprise.
Benjamin Cavalli shall be head of the Asia Pacific wealth administration staff on strategic purchasers from July 3.
August Hatecke, the previous co-head alongside Lo, will lead the financial institution’s international wealth administration enterprise in Switzerland, the memo mentioned.
UBS confirmed the memo particulars with Reuters.
Individually, the financial institution’s Asia Pacific asset administration (AM) head Raymond Yin will proceed to steer the enterprise, a UBS spokesperson confirmed.
Credit score Suisse’s Asia AM head Huang Min will develop into China shopper protection head for UBS AM, the spokesperson mentioned.
Reporting by Xie Yu
Enhancing by David Goodman
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