Following the integration of Coutts last year, Geneva-based Union Bancaire Privee has named a new chief operating officer for its Singapore branch.
Geneva-based UBP has decided to appoint local operating chiefs for its Hong Kong and Singapore branches. As finews.asia reported earlier, Stephane Kiefer started last week in Hong Kong.
This week Michael Moncarz, formerly with French asset manager Natixis, started in Singapore.
The move follows the departure of Jeff See, previously CCO of Coutts, who has resigned from UBP.
Expanded Business in Asia
A UBP spokesperson told finews.asia that See's decision followed the integration of Coutts and launch of UBP's expanded business in Asia.
«We have taken the opportunity to adjust our operating model in the region by appointing local Chief Operating Officers for our Hong Kong and Singapore branches, to support the robust business growth we are seeing in both locations,» the UBP spokeswoman told finews.asia.
Kiefer and Moncarz report jointly to Ian Cramb, UBP's overall operating chief, as well as to Michael Blake, who is head of private banking in Asia.
