UBS has changed the organisational set-up of its wealth management activities in South East Asia. The management and reporting line changes will take effect from January.
In an internal memo seen by finews.asia, the Swiss private banking giant is restructuring in a bid to become more efficient.
Under the new structure, market heads Eddie Gan in Singapore, Jeremy McAteer for the Philippines, Tian Ong Foo in Thailand and Henk DeGlint for Malaysia will now all report directly to August Hatecke (pictured left), the overall head of wealth management in the region.
Markus Vollenweider, head of international markets in the region, will also report locally to Hatecke, and Philip Kunz will continue as the market head for Indonesia, while jointly taking on an additional responsibility supporting strategic transformation projects in the region.
Hatecke joined UBS as head of wealth management South East Asia from Zurich in April, reporting to Edmund Koh, UBS' Asia-Pacific wealth management and the previous incumbent of the role.
