Lo retains primary responsibility for Hong Kong, North Asia and Greater China, including onshore entities, but will now serve as chair of global wealth management Asia, focusing on key clients, strategic growth opportunities and regulatory management in the region, the memo said.and Credit Suisse before that, will join UBS from June 29 as Lo's co-head of the Asia Pacific business.
Benjamin Cavalli will be head of strategic clients for UBS' global wealth management team from July 3. August Hatecke, the former co-head alongside Lo, will lead the bank's global wealth management business in Switzerland, the memo said.Separately, the bank's Asia Pacific asset management head Raymond Yin will continue to lead the business, a UBS spokesperson confirmed.
Credit Suisse's Asia AM head Huang Min will become China client coverage head for UBS AM, the spokesperson said.
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