Swiss private bank J. Safra Sarasin said it nabbed a ultra-high net worth private banker from UBS. She is the second notable banker that the Brazilian-Swiss boutique has grabbed from UBS in Asia this year.
Bank J. Safra Sarasin has appointed Bellen Chang as a client advisor in its ultra-high net worth team for the Philippines. She joined the bank last week, Safra Sarasin said in a statement.
Chang joins Sarasin from UBS in Hong Kong, where she had been an executive director and a client advisor in the Swiss bank's Philippines team since 2006. Prior to UBS, she worked for American Express and J.P. Morgan Chase in the Philippine market after beginning her career with Citibank in 1997.
Second UBS Raid
She will be based in Hong Kong and report to Vinay Gandhi, Sarasin's Singapore-based head of ultra-high net worth in Asia and to Enid Yip, the bank's overall Asia head based in Hong Kong.
Gandhi also joined Sarasin from UBS earlier this year. He was the head of ultra-high net worth in Southeast Asia at the Swiss bank, with a team of 150 in Singapore and Hong Kong for clients primarily in Malaysia, the Philippines and Thailand, as well as global non-resident Indian clients.
