A veteran UBS Asia banker is returning to the Swiss bank two years after leaving for academica, amid a wider management shakeup under overall head Andrea Orcel spanning from Australia to New York.
The Zurich-based bank is naming David Chin (pictured above) its head of Asia-Pacific corporate client solutions arm, which includes its mergers-and-acquisitions and corporate finance advice business «Reuters» reported on Friday.
Chin was a 21-year veteran of the Swiss bank before he left two years ago to become a lecturer at the University of Hong Kong. His return is linked to a wider shake-up in the region, including the move of a prominent Australia banker to New York.
Aussie Banker NY-Bound
Sam Kendall, another longtime UBS investment banker who has been head of corporate client unit in Asia since last August, is moving to the U.S. as UBS' global equity capital markets head.
«Having Sam located in New York, a critical market for us, but one where we have been historically underweight in equity capital markets...will ensure that the global business benefits fully from his experience and guidance,» according to a UBS memo seen by «Reuters».
Seeking Calm After Exits
UBS may be looking to Chin, who returns to the bank next month, to restore much-needed calm after a flurry of exits in recent months including that of Jiang Guorong and Alison Harding-Jones two months ago.
Joseph Chee, who had originally replaced Chin, left earlier this year to start his own fund.
Two months ago, the New York-bound Kendall reiterated UBS' resolve to bolster its Asia business, specifically in Southeast Asia, India and in South Korea.
