If more proof were needed that UBS’ Hong Kong teams are on a tear, hoovering up clients domiciled in the territory, it comes in the form of another senior appointment for the business.
By Shruti Advani, Guest Contributor finews.asia
UBS, already the largest private bank in Asia by headcount and private banking assets, has just added another seasoned banker to its Hong Kong team, finews.asia has learned. Andy Tam will join UBS on July 25 as desk head with the Hong Kong country team reporting to Peter So. A source at the Swiss bank confirmed the move to finews.asia.
Tam was most recently a desk head for the China market at hometown rival Credit Suisse. Prior to that he was an executive director at Standard Chartered's private bank in Hong Kong.
In May, the Swiss bank poached a team of private bankers from local lender Hang Seng Bank. The most senior hire, Chiu Wai Man, took on the role of country team head for Kowloon team 2. Chiu was joined by a team of four from Hang Seng who included desk head Jonathan Yeung as well as client advisers Aubrey Cheung, Connie Chan, and Raymond Yung.
