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UBS Sees More Senior Private Banker Departures in Hong Kong

UBS Sees More Senior Private Banker Departures in Hong Kong

  • Ex-Credit Suisse managing directors in HK wealth unit resign
  • UBS has been streamlining operations following merger
Bloombery  By Denise Wee

UBS Group AG has seen at least three senior ex-Credit Suisse private bankers in Hong Kong resign, adding to departures as the Swiss bank continues to integrate its rival.

Managing directors Alex Law, Victor Chao and Shin-Yi Jeng have left the firm, according to a people familiar with the matter who asked not to be named discussing internal information. The exits add to other recent senior departures, including Credit Suisse wealth veteran Rickie Chan, who is poised to join Bank of Singapore.


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