Moves: UBS names Christian Wolf as new head of Southeast Asia M&A -memo

Credit Suisse AG

04/06/2023 13:33

SINGAPORE, June 4 (Reuters) - UBS Group AG  UBSG.S  has
appointed Christian Wolf as its Head of Southeast Asia M&A
(merger and acquisition), according to an internal memo seen by
Reuters on Sunday. 
    The move comes as UBS is aligning its resources in Southeast
Asia following its takeover of Credit Suisse  CSGN.S .
    Wolf will work closely with UBS' Head of North Asia M&A, Jun
Luo, and with country and sector bankers in Southeast Asia in
jointly developing the Swiss bank's strategy for Asia M&A,
according to the memo.
    A UBS spokesperson confirmed the content of the memo.
    UBS is acquiring Credit Suisse as part of a Swiss
government-orchestrated rescue backed by as much as 250 billion
Swiss francs ($275.15 billion) of state support after recent
banking sector turmoil brought the country's No. 2 lender to the
brink of collapse.
    Wolf, who has been based in UBS' Singapore office since
2009, replaces Axel Granger, who in March was appointed co-head
of UBS' Asia tech investment banking team.
    Wolf will continue to lead the bank's Southeast Asia Global
Industries Group (GIG) sector team until a permanent succession
arrangement is announced, according to the memo.
    Wolf previously was UBS' Head of Corporate Finance for
Southeast Asia, Co-Head of Asia for Infrastructure and Power
before heading the GIG sector since 2020 for Southeast Asia and
India, the memo showed. 

($1 = 0.9086 Swiss francs)

 (Reporting by Yantoultra Ngui in Singapore and Kane Wu in Hong
Kong; Editing by Susan Fenton)
 ((Yantoultra.Ngui@thomsonreuters.com;))