Swiss bank UBS is making several key changes to a team which caters to the ultra-wealthy in Hong Kong.
Jean-Claude Humair will take on the role of head investment platforms and solutions, or IPS, Asia-Pacific, according to a staff memo seen by finews.com. He will succeedMatthew Rule, who will run the unit's distribution in the region.
The unit's 2,500 employees worldwide, many of them former investment bankers, draw up individualized products for the Swiss bank's wealthiest clients. Humair will report to Christian Wiesendanger, who was recently named to run co-IPS, as well as UBS' private banking head in Asia, Edmund Koh.
New Product Head
The move has several effects: Adeline Chien will become a regional market manager of domestic Hong Kong, while LH Koh advances to regional market manager for domestic Hong Kong and international Japanese clients. The appointment of Humair, Chien, and Koh are effective in March.
In a separate move, Stefan Lecher becomes local product head for Hong Kong in January. Currently the head of IPS' client portfolio management in Asia, Lecher will add the product responsibilities from Bryan Crawford, who is being appointed to run investment funds and alternatives distribution globally.
