Citi Private Bank Nets Ex-Managing Director from UBS

Citi Private Bank hires a former managing director from UBS to lead its South Asia FX advisory team based in Singapore.

Christian Schuwey joins the bank, effective immediately, with responsibilities to drive «significant growth» in Australia, Brunei, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore and Thailand, according to a statement, naming the South Asia region as the main driver of Citi Private Bank’s APAC FX business. Schuwey reports to Adam Cowperthwaite, managing director and head of capital markets, Asia Pacific at the private bank. 

Schuwey was most recently a managing director with UBS where he led a team of FX advisors based in Singapore, Hong Kong, Tokyo and Taipei covering ultra high net worth clients across flow and structured products. Schuwey has over 30 years of experience and spent over a decade as an FX trader at UBS’s investment bank before shifting to its wealth arm where he developed «direct, longstanding relationships with some of Asia Pacific's largest UHNW FX trading clients».

He will be working in partnership with the bank’s front office and Cora Chiu, North Asia head of FX advisory, to increase understanding and usage of FX-linked products, hedging tools and funding solutions.