Chia appointed Vice Chairman of UBS in Asia

UBS announced today it has appointed Timothy Chia as Vice Chairman of UBS Investment Bank in Asia. Timothy Chia, Deputy Chairman and Group Chief Executive of SGX-listed Hup Soon Global Corp., has been appointed Vice Chairman of UBS Investment Bank. His primary focus will be overseeing significant client relationships, major transactions and important strategic initiatives in the Asian region.

“Tim’s appointment underlines our continued commitment to the growth of UBS’ investment banking business in Singapore and the region,” said Robert Rankin, Head of UBS Investment Banking, Asia Pacific.

Chia established his strong reputation in finance and investment while head of PAMA Group Inc. and leading the firm’s private equity investments. He was appointed President of the company in 1995 and remained in the role until his retirement in 2004.

“With his deep knowledge of business and finance, in addition to his unparalleled understanding of corporate Singapore, he will ensure UBS remains the marketleading investment banking franchise in the region,” noted Rankin.

Chia will be taking over from Robin Tomlin, who has held the position for eight years. Tomlin will continue as a senior advisor to the firm. “I would like to thank Robin for his outstanding contribution to UBS over the last eight years and we are delighted that he has agreed to stay on as a senior adviser to the firm,” said Rankin.

Said Chia:“I am very much looking forward to the association with UBS in addition to continuing my day to day responsibilities at Hup Soon.” Chia sits on the boards of several private and publicly-listed companies including Banyan Tree Holdings Ltd., Fraser & Neave Ltd, SP Power Grid Ltd and Singapore Post Ltd. Since January 2004, Chia has been a Trustee of the Singapore Management University. Chia has also served as director of KorAm Bank Co. Ltd (Korea) and Meritz Securities Co. Ltd. (Korea).