The multitude of different countries with varying foreign exchange regimes and approaches impose particular demands on clients in managing currency exposure.

Citi Private Bank has appointed Christian Schuwey as head of South Asia advisory for foreign exchange, joining from UBS. The appointment takes place immediately. 

Schuwey is based in Singapore and reports to Adam A Cowperthwaite, managing director and head of capital markets for Asia-Pacific.

The US bank said in a statement that Schuwey will be responsible for driving significant growth in the South Asia region, which includes markets such as Australia, Brunei, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore and Thailand. 

At UBS, Schuwey worked at the Swiss group’s private bank, where he was most recently a managing director leading a team of FX advisors operating in Singapore, Hong Kong, Tokyo and Taipei, covering ultrahigh net worth clients across flow and structured FX products. He spent more than a decade as a foreign exchange trader at UBS Investment Bank, before moving to UBS Private Bank.

In partnership with CPB’s South Asia global market managers, bankers and investment counsellors and working in close co-operation with the head of North Asia foreign exchange advisory, Cora Chiu, Schuwey will focus on increasing the understanding and use of FX-linked investment products, hedging tools and funding solutions among the broader internal and external client populations in South Asia, as well as marketing the private bank’s comprehensive FX capabilities directly to clients and prospects.

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