With the announcement that UBS’s Iqbal Khan will be dispatched to Asia with the new title of president of Asia Pacific and co-head of GWM globally, all eyes are currently on the region’s biggest private bank. One of Khan’s major challenges will be retaining staff at the Swiss giant, which boasts an army of around 1,100 relationship managers (RMs) in […]

The post Movers & Shakers – May 2024: Which banks could gain from UBS’s pain? appeared first on Asian Private Banker.

Bank of Singapore’s recently-resigned vice-chair for Greater China is joining UBP to lead its business in North Asia, Asian Private Banker has learned. Teresa Lee will join the Swiss pure-play in August as regional head of North Asia and subject to regulatory and board approval, chief executive for Hong Kong, succeeding Ivan Wong, who will retire soon, according to an […]

The post UBP hires BoS Greater China vice-chair for North Asia job appeared first on Asian Private Banker.

The head of North Asia at UBP will retire from the bank soon, according to people familiar with the matter. Ivan Wong joined the Swiss pure-play in November 2022 as North Asia head and Hong Kong branch chief executive, replacing former North Asia head Eric Morin, who moved to Singapore to take up the role as head of South Asia […]

The post UBP’s North Asia head to retire from the bank appeared first on Asian Private Banker.

The beauty of working for a pure play is the core focus on wealth management, where the business is not subjected to the aggressive risk culture associated with investment banking nor exposed to the cyclical corporate lending of commercial banking. This is according to Ivan Wong, the regional head for North Asia and chief executive of Hong Kong branch at […]

The post From trading to pure play: UBP’s Ivan Wong shares the beauty of a boutique bank appeared first on Asian Private Banker.

UBP has made organisational structure changes to its investment services team in Asia following a senior departure, according to an internal memo seen by Asian Private Banker.  Edouard Hoepffner, senior managing director, Asia head of investment services at UBP, will be stepping down to pursue opportunities outside the bank. Hoepffner joined UBP in 2016 following the acquisition of Coutts’ international […]

The post UBP shuffles Asia investment services team after key departure appeared first on Asian Private Banker.

UBP has made leadership changes in Hong Kong and Singapore, including the appointment of a former HSBC Global Private Banking (HSBC GPB) executive as its North Asia head, according to an internal memo seen by Asian Private Banker.  After 12 years with UBP, Ranjit Khanna, head of South Asia and Singapore branch chief executive, will step down from the role. […]

The post UBP appoints former HSBC banker as North Asia head in leadership reshuffle appeared first on Asian Private Banker.

HSBC Global Private Banking has lost a North Asia co-head, multiple sources have confirmed with Asian Private Banker. Ivan W K Wong, managing director and co-head for North Asia has left HSBC GPB after having led the North Asia market for the past four years. Asian Private Banker understands that he is currently serving notice. Wong is a veteran with […]

The post HSBC GPB North Asia heavyweight resigns appeared first on Asian Private Banker.