Swiss bank UBS has created a co-leadership in Wealth Management Asia Pacific to better serve clients across the large region and to capture future growth.
Following the retirement of Kathy Shih and the appointment of Edmund Koh as President Asia Pacific and a member of the Group Executive Board, UBS has announced that Amy Lo and August Hatecke will succeed Koh as Co-Heads Wealth Management Asia Pacific, according to an internal memo seen by finews.asia. These appointments take effect on Jan 1, 2019.
In their new roles, Lo will focus primarily on the bank's North Asia businesses and Hatecke on its Southeast Asia businesses. The bank believes this combination will allow to most effectively serve clients across the large region and to capture the growth to which it has committed.
Long Careers at UBS
Amy Lo (pictured above) has been the Head Wealth Management Greater China and Country Head UBS Hong Kong since 2014, and in addition the Chairman WM Greater China since 2017. She first joined Swiss Bank Corporation (SBC) in 1995 and has held various senior management positions including Regional Market Manager Hong Kong, and Head of UHNW and Global Family Office Asia Pacific.
August Hatecke (pictured above) was appointed Head Wealth Management Southeast Asia in 2016. He has held various leadership positions over the course of his 19-year career at UBS, and previously also served as Head UHNW and Global Family Office Switzerland, based in Zurich.
UBS manages some 377 billion francs (S$521 billion) in the region, and is the world’s largest private bank by assets under management (AuM).
