UBS announces new executives for China business
(10 June 2015 – China) UBS announced on 8 June the appointment of Eugene Qian as China Country head and president, UBS Group China.
The Group also announced Di He as chairman of the Board of UBS Securities Company Ltd, the firm’s domestic securities arm in China.
Qian, who has worked in the China/Hong Kong banking industry for more than 20 years, joins from Citi where he was president and a board director of Citi China.
Di He joined UBS in 1997 and became head of China for the UBS Investment Banking Division following the merger of UBS and Swiss Banking Corporation (SBC).
In 2001, he was appointed vice chairman of Investment Banking.
China is one of the most important markets for UBS globally.
The firm invested early in China and has built a multi-entity domestic platform composed of a broad mix of licenses and entities.
"Eugene and Di will substantially strengthen our China leadership team.
“With their exceptional experience and knowledge, I am confident they will expand our leadership position in the investment bank in China, and provide the momentum to further build our wealth and asset management businesses," said Chi-Won Yoon, UBS president, Asia Pacific.
As a board member of Citi China, Qian was responsible for corporate and investment banking strategy as well as the consumer banking businesses.
After joining Citi in 2007, he held a number of senior roles, including head of China Corporate & Investment Banking and co-head of China Investment Banking.
From 1996 until 2003, Qian worked in UBS's Investment Banking Division in Hong Kong, where he specialised in originating and executing cross-border mergers and acquistions, corporate advisory and capital market transactions for Asian and Chinese power/energy companies.
From 2003 to 2007, Qian worked for Deutsche Bank as head of Natural Resources, Asia ex-Japan and was a member of the APAC global banking executive committee.
Under He's leadership, UBS established itself as a top-tier bank in China leading many landmark transactions, including: UBS's investment in Bank of China; the US$11.2 billion (A$14.5 billion) IPO of Bank of China in 2006; and the US$2.7 billion IPO of China Merchants Bank.
He was also central to building UBS's domestic securities platform and obtaining the first QFII license in China.
Both Qian and He report to Chi-Won Yoon.
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