head expands role

Credit Suisse AG

12/06/2023 12:07

(Adds detail on UBS asset management roles)
    By Xie Yu and Selena  Li
       HONG KONG, June 12 (Reuters) - UBS  UBSG.S  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  CSGN.S  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  DBKGn.DE  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 the Asia Pacific wealth
management team on strategic clients 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 leading the business, a source
with direct knowledge of the matter said.  
   Credit Suisse's Asia AM head Huang Min will become China
sales head for UBS AM, the source added.
    UBS did not respond immediately to a Reuters query on Yin
and Huang's positions. 




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UBS completes Credit Suisse takeover to become wealth management
behemoth     ID:nL8N3840F1 
UBS announces leadership changes at Credit Suisse    
 ID:nS8N35S03Q 
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 (Reporting by Xie Yu
Editing by David Goodman)
 ((Yu.Xie@thomsonreuters.com;))