UBS has named a new head for its Hong Kong asset management unit, finews.asia has learned, succeeding Adolfo Oliete who will relocate to London.

Hayden Briscoe has been appointed as UBS Asset Management head for Hong Kong, according to an internal memo seen by finews.asia, reporting to APAC asset management head Raymond Yin.  

Briscoe started his career in Sydney before moving to Hong Kong in 2013 and joining the asset management unit in 2016. He will also retain his existing role as head of GEM and APAC for fixed income.

Briscoe succeeds Adolfo Oliete who will return to London over the summer and continue his role as hedge fund solutions (HFS) head of APAC investments and a member of the HFS global business’ senior leadership team. Oliete will relocate following a 14-month stint as asset management head of Hong Kong.

A spokesperson for the bank confirmed the contents of the memo.