The Zurich-based wealth manager has tapped Credit Suisse for several relationship officers hired in Hong Kong.
The Swiss private bank has bolstered its leadership team to grow its business in the region.
The private bank is targeting an increase in AUM to $145 billion and growth in its team of RMs to 500 by end 2025.
Andy Kuo joins the bank from UBS.
The multi-family office has been expanding its Hong Kong-based team in a move to bolster its Greater China coverage.
Hong Kong alone accounts for nearly a quarter of the group’s net profits.
Less than half of Greater China funds have outperformed the MSCI China Index and only one is positive year-to-date.
The bank has hired HSBC Private Banking’s head of wealth planning for Asia-Pacific.
The top 20 most read Greater China articles of 2019 include a number of business moves and regulatory developments in Hong Kong and China.
Kelvin Teo has been poached to head bespoke investments for Greater China and North Asia at Bank of Singapore.