Marina Lui, UBS Wealth Management
“This new set up [effective from 1 April] will facilitate faster and more efficient decision making, and enable the business to take advantage of growth opportunities in a more timely manner as we bring the business to the next level,” said co-heads of Asia-Pacific wealth management, Amy Lo and August Hatecke, according to an internal memo seen by FSA.
Basically, it means the appointment of business heads for markets where previously none existed formally.
Lui’s role will be upgraded from regional marketing manager (RMM) China to head of wealth management (WM) China, where she will be responsible for both Chinese domestic and international clients. She will also be WM location head in Hong Kong.
Raymond Ang, currently head UHNW Southeast Asia, has been appointed head of WM Southeast Asia and will also be WM Singapore location head.
Dino Rinaldi, who is operating head for wealth management Singapore, will take over Ang’s old position.
Other promotions include: Adeline Chien, RMM Hong Kong domestic, to head of WM Hong Kong domestic; David Man, RMM Taiwan international to Head of WM Taiwan international; Frank Niedermann, RMM APAC Switzerland to head of WM APAC Switzerland; and LH Koh, RMM Hong Kong domestic & Japan to head of WM China international.
The new appointees will report jointly to Hatecke — who became co-head in February — and Lo and will also join the WM APAC Management Committee.
UBS is one of the largest wealth managers in Asia-Pacific with at least $300bn in AUM in the region.