Page 1 of 2

UBS' long-standing head in Asia is retiring after more than three decades with the Swiss bank. Her protégé joins the bank's top management as a result.

Zurich-based UBS said Kathy Shih will retire at year-end. The 61-year-old Shih is one of the most respected and long-standing wealth managers in Asia, and part of top management under CEO Sergio Ermotti for the past two years.

She will be replaced in top management by Edmund Koh, the protégé to whom she had already ceded operational control in Asia two years ago. Shih has still wielded considerable influence as president of the Swiss bank’s Asia-Pacific activities since then.

Unblemished by 1MDB