The three former UBS Wealth Management executives collectively have more than 60 years' experience in wealth and asset management.

Three former UBS Wealth Management executives for the Asia-Pacific region have launched an independent boutique investment and advisory firm based in Hong Kong.

Lioncrest Global, which is privately-owned, launched last week and focuses on serving select institutions, family offices and high net worth families and individuals.

It is the offspring of three former UBS Wealth Management colleagues and managing directors who collectively have more than 60 years of experience in wealth management, asset management and corporate finance.

One of the founders, Peter Tung, formerly served as UBS's head of ultra-high net worth clients for Greater China, as well a head of global family office for North Asia.

Earlier in his career, he was a member of the Asia management committee at Morgan Stanley Private Wealth Management.

Valerie Chou previously held the role of head of global family office for the APAC region at UBS Wealth Management.

Additionally, she was a managing director and investor representative at Morgan Stanley Private Wealth Management prior to joining UBS.

The final member of the Lioncrest Global founding team is Johan Riddergard, who is the former head of CEO office, head of pricing management, and head of strategy and business development at UBS Wealth Management's APAC division. 

Lioncrest Global officially commenced business in Hong Kong on 11 November 2016.