By Xie Yu and Selena Li
HONG KONG (Reuters) – UBS Asia Pacific co-head of wealth management, Amy Lo, has expanded her role to spend more time on key clients after the Swiss bank completed its takeover of Credit Suisse on Monday, according to an internal memo seen by Reuters.
Lo retains primary responsibility for Hong Kong, North Asia and Greater China, including onshore entities, but will now serve as chair of global wealth management Asia, focusing on key clients, strategic growth opportunities and regulatory management in the region, the memo said.
Jin Yee Young, who previously led the Asia Pacific wealth business at Deutsche Bank and Credit Suisse before that, will join UBS from June 29 as Lo’s co-head of the Asia Pacific business.
Benjamin Cavalli will be head of strategic clients for UBS’ global wealth management team from July 3.
August Hatecke, the former co-head alongside Lo, will lead the bank’s global wealth management business in Switzerland, the memo said.
UBS confirmed the memo details with Reuters.
Separately, the bank’s Asia Pacific asset management (AM) head Raymond Yin will continue to lead the business, a UBS spokesperson confirmed.
Credit Suisse’s Asia AM head Huang Min will become China client coverage head for UBS AM, the spokesperson said.
(This story has been corrected to clarify that Benjamin Cavalli will be the head of strategic clients for UBS’ global wealth management team, not Asia Pacific wealth management team, in paragraph 4)
(Reporting by Xie Yu; Editing by David Goodman)
