Di He will step down as chairman of the board of UBS' securities joint venture in China after leading key developments in the Middle Kingdom's banking sector for 22 years.
Effective immediately, Eugene Qian is taking over as chairman and Ken Chen has been appointed as general manager of UBS Securities UBSS in addition to his role as head of equities at UBSS, according to an internal note seen by FinanceAsia on Friday.
The changes come as UBS works to strengthen its investment bank and further build its wealth and asset management businesses in China.
UBS won approval from the...
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