UBS shift executives to promote China collaboration
(18 November 2015 – Asia) Swiss bank, UBS will relocate Ding Xiaowen and Bi Xuewe, heads of its onshore China investment-banking unit, from Beijing to Hong Kong an internal memo has stated, Bloomberg reports.
The duo, who oversee corporate client solutions for UBS Securities Co., the firm’s Chinese venture, will join the China investment-banking team in Hong Kong.
As the Swiss firm seeks to further integrate it’s Chinese operations, it’s offshore advisory head for the country, Jiang Guorong, will move in the opposite direction.
According to the memo, the relocations will assist the UBS to reinforce relationships between the offshore and onshore teams and develop bankers’ capabilities to do international deals.
Matt Hanning, Asia-Pacific head of investment banking, said: “China is the largest opportunity in the region and clients tell us that being properly integrated across both the domestic and international business is critical,”
“We will continue to invest in our team and our platform.”
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