UBS adds to its wealth management team across countries and specifically in the ultra-high-net-worth division. Senior hires include Alun Branigan as head of corporate advisory.
UBS has poached Elan Cohen, Rizvan Baig and Matthew Peh from J.P. Morgan private bank to strengthen its wealth management offering.
UBS promotes Amy Lo, Jean Claude Humair and Susan Co, and poaches Francis Liu and Philip Kunz, as it seeks to strengthen its wealth management offering.
Michael Benz jumps ship from UBS to BoA Merrill to replace Antony Hung as head of wealth management for the region.
Jaya Jayaram has joined as head of UBS’s India desk, while Dominik Fuerst and Adeline Chien have left the ultra-high-net-worth team, the latter to move to EFG Bank.
The Swiss state-owned bank recently set up in Hong Kong, and its senior executives this week talked about their plans to penetrate Asia's wealth-management market.
Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months.
Private banker Vinay Gandhi leaves J.P. Morgan for UBS only weeks after he joined from Deutsche Bank.
UBS has further strengthened its ultra-high-net-worth business in South Asia with the appointment of Reto Marx as managing director and ultra-high-net-worth country team head.
Allen Lo becomes country head for Hong Kong at UBS, while retaining his responsibilities as deputy CEO of wealth management in Asia-Pacific.
The job losses are primarily in Hong Kong and Singapore where most of the Swiss firm's private bankers are located.
Investment banking drives losses at UBS, while wealth and asset management report large net new money outflows. Cash bonuses to investment bankers are reduced by 95%.