Ong will assume her role on 2 July, according to a UBS internal memo. She will report to August Hatecke, UBS Wealth’s head for Southeast Asia.
It is not clear who was in her role previously. FSA sought more information from UBS Wealth, but the firm was not able to comment in time for publication.
Before joining UBS, Ong was Bank of Singapore’s market head for Malaysia, where she co-managed the bank’s coverage for that market. Prior to that, she was at Standard Chartered Bank for nine years, where she held various roles, including desk head covering Malaysia, Thailand and Brunei clients, head of investment advisory for Southeast Asia private banking and head of financial institutions for the bank’s wholesale business.
In Malaysia, UBS’ primary business is investment banking services, according to the firm’s website. It also has a representative office in Kuala Lumpur, but cannot provide any banking or capital market activities within the country.
Separately, the firm announced last week that it had bolstered its Greater China coverage with three new appointments who will have responsibility for Chinese ultra high net worth investors.
