UBS bolsters Asia wealth management team with new hires

UBS Wealth Management announced a series of key strategic hires in Hong Kong and Singapore in its commitment to maintain its market-leading business in Asia Pacific.

Adeline Chien joins as a managing director in Hong Kong. Chien, who was at UBS Wealth Management between 1995 and 2004, joins from Goldman Sachs, where she was executive director for Private Wealth Management. She has more than 15 years of experience in private banking and, previously, worked for American Express Bank, Citibank and Chase Manhattan Bank.

J P Upadhyaya joins as an executive director in Hong Kong. Upadhyaya joins from HSBC Private Bank where he was senior director and team head covering the Indian diaspora in the region. Before that, he held a variety of senior positions in private and commercial banks including MeesPierson/Fortis Bank and UCO Bank. He has eight years experience in private banking and 20 years in commercial banking.

Agnes Kuan joins as an executive director in Hong Kong. For the last 12 years Kuan worked for Merrill Lynch Global Wealth Management, most recently as a vice president and portfolio counselor with the managed products group.

Beefing up the team in Singapore are three senior hires, Irene Tan, who joins as a managing director, Jonathan Ng and Ong Lay Khiam who join as executive directors.

Irene Tan was executive director at HSBC Private Bank covering South-East Asia clients and has 20 years experience in wealth management having worked with Overseas Union Bank, Credit Agricole Indosuez and Coutts Bank.

Jonathan Ng was senior director at HSBC Private Bank responsible for South-East Asia client relationship development. He has 13 years experience in wealth management and previously worked for Credit Agricole Indosuez and Coutts Bank.

A veteran corporate banker, Ong Lay Khiam has worked in the banking and finance industry in Singapore since 1971, principally as a commercial banker where he has held several senior positions. These include: vice president of the national banking group at DBS Bank; director and executive vice president at Tat Lee Bank; general manger, corporate banking at Keppel Tat Lee Bank; and executive vice president, at Hong Leong Finance. Ong is an Honorary Council Member of the Singapore Chinese Chamber of Commerce and Industry and an Adjunct Associate Professor attached to the Nanyang Technopreneurship Center of the Nanyang Technological University.

“Despite challenging market conditions, UBS continues to focus on enhancing its franchise by selectively hiring experienced bankers. I am confident that the new additions will provide our business with further impetus as we continue to enhance our services into different client segments,” said Kathryn Shih, Head of UBS Wealth Management, Asia Pacific.

“Hong Kong and Singapore are key markets for UBS. The arrival of this wave of new talent will not only bolster the high quality of the services we offer but will also underline UBS’s commitment to building its wealth management business in Asia”, she added.

All appointments are effective immediately.

UBS Wealth Management has in excess of 1,000 client advisors across Asia Pacific – the largest wealth management team in the region.

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