The Swiss bank has made a number of top-level changes in the region.

UBS has been making changes to its global wealth management advisory and sales for North Asia business.

Philippe Spielhofer, who has led the advisory and sales function for global wealth management, has been named co-head for financial Intermediaries, Asia-Pacific, according to a memo seen by this publication.

In this role, Spielhofer will cover Hong Kong, with a local reporting line to Marina Lui, head of wealth management for China. His appointment takes effect from 1 September this year.

At UBS since 2011, Spielhofer will remain a member of GWM North Asia management team.

Pierre Widmer will be appointed as the head of GWM, advisory and sales, for North Asia. Currently, he is market team head for Southeast Asia in the Kong Kong sector; he recently marked three decades of working at UBS.

Widmer’s successor will be named in due course.