UBS Adds To Greater China UHNW Group

Tom Burroughes

3 September 2014

UBS Wealth Management in Asia has appointed another senior manager to its Greater China ultra high net worth group, this publication can confirm.

Terry Tung has been appointed as executive director and will start in early September, the Zurich-listed bank confirmed when asked about the matter. He has previously worked at HSBC Private Bank and before this, Credit Suisse.

Early in August, this publication exclusively reported that Jocelyn Ong, formerly of Morgan Stanley, working in the ultra high net worth team at the Swiss banking group. She had been a private banker focusing on the Singapore and Malaysia market. Separately, Eric Kang, who had also worked at Morgan Stanley Private Wealth Management, has joined UBS as a desk head.

Patricia Quek, who had been team head, Indonesia ultra high net worth at UBS, is transitioning to a new role as country team head for the Indonesian market, effective from next January. As a result, she is a peer of Paulo Flury, head of UHNW Indonesia; both these persons report to Joseph Poon, head of UHNW, Southeast Asia, at UBS.