Swiss private bank Union Bancaire Privee continues to build its Asian business. It added two investment advisers in Hong Kong and Singapore.
After acquiring the Coutts units in Hong Kong and Singapore, the Geneva-based bank promised it maintain the momentum and build out the Asian business. CEO, Guy de Picciotto recently said he aims to increase the share of assets managed in the region to a third of the firm's total within five years.
Union Bancaire Privee (UBP) already hired about 20 new bankers since the integration of Coutts and aims to maintain this pace of hiring over the coming two years. In total, the bank will have some 100 relationship managers in Asia by the year 2019, according to the chief executive.
Hiring Across the Business
The bank has also added to its investment advisory team. A UBP spokesperson confirmed to finews.asia that the bank has hired Tracy Lan and Anand Subramanian in Hong Kong and Singapore, as first reported by the «Asian Private Banker» (behind paywall).
Lan joins UBP as senior investment adviser in Hong Kong will report to the head of advisory, Paul Lee. Based in Singapore, Subramanian will also work as a senior investment advisor and report to Aman Dhingra, head of advisory, Singapore and Asia.
