The firm has appointed Bryce Wan, Jenny Su and Zhang Xin as country team heads for UHNW China, according to an internal memo sent by the firm. Wan and Xin are based in Hong Kong, while Su is based in Singapore.
With the new appointments, the number of existing country team heads for Greater China has reached six. They join Tommy Cheung, who covers China, Frankie Law, who covers Hong Kong and Laura Huang, who covers Taiwan. All six country heads report to Francis Liu, regional market manager for UHNW Greater China.
Wan joined the firm from Goldman Sachs, where he had led a team of private bankers managing relationships with key UHNW clients in the Greater China region. He first joined Goldman Sachs in 2011 as Asia head of portfolio management group, according to the note.
Su and Zhang, meanwhile, were internally promoted to their new roles. They were previously desk heads within the firm. Su joined UBS Wealth in May 2005 and was the desk head with UHNW Greater China since 2013. Zhang joined UBS Securities Beijing in 2007 and took up the desk head role in Hong Kong.
UBS Wealth saw high inflows from Asia-Pacific clients last year, totalling CHF 28.3bn ($29.79bn), which is higher than 2016’s inflows of CHF 20.8bn, according to the bank’s annual report.
“We have accelerated our growth and expanded our business across the region, with a particular focus on Hong Kong and Singapore, as well as onshore markets, for example, Japan, China and Taiwan, the bank said in the report.
For the past six years, UBS Wealth has held the largest assets among private banks in Asia-Pacific, according to a survey by UK-based Private Banker International.
