Oliver Bussmann will join UBS from SAP as group chief information officer on 1 June.

Credit Suisse has hired Claudio de Sanctis to its private banking business as managing director and market area head for South-east Asia.

In line with its decision of build its domestic wealth management business in the Indian subcontinent, UBS Wealth Management has appointed Oscar Balon as its chief executive.

Markus Tanner, managing director and senior talent development partner for UBS Wealth Management, explains to Hubbis what the firm is doing around the world to adapt and refresh its learning and development initiatives and culture to today’s ever-more demanding HNW clients.

UBS’ certification process in its retail banking, wealth management and corporate clients areas are now officially accredited, and the firm has set new standards for over 5,000 client advisers in Switzerland to undergo the certification process over the next three years.

The Upper Tribunal (Tax and Chancery Chamber) has directed the UK Financial Services Authority to fine Sachin Karpe £1.25 million and Laila Karan £75,000, and ban them both from performing any role in regulated financial services, for failing to act with integrity.

UBS has made two senior appointments for its ultra high net worth and global family office businesses in Asia.

Kathryn Shih, chief executive officer for Asia Pacific, and group managing director, at UBS Wealth Management, talks exclusively to Hubbis about key issues for the industry in the region right now – including emerging opportunities for growth, how international private banks can stay relevant and profitable in today’s environment, and how UBS is positioning itself accordingly.

Family offices are set to boom in Asia over the next few years, according to a new study by UBS and Campden.

UBS has hired two senior bankers to strengthen its team in Hong Kong – Valerie Chou as head of client coverage for the global family office business, and Linda Kwo as one of the local country team heads.

Credit Suisse has hired two senior UBS private bankers to its Philippine operations, with Angela Bow as managing director and market leader, and Albert Ma as managing director and team leader.

UBS’ former UK head of wealth management has challenged the ability of the country’s watchdog to punish senior executives for insufficient supervision, according to a news report.

The US Securities and Exchange Commission has charged UBS Securities for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales.

A recent survey has revealed that the assets under management held by the top 20 private banks in Asia Pacific has increased 76% to nearly US$1 trillion since 2007.

UBS has hired Edmund Koh as Singapore country head and chief executive officer for its local wealth management business, as of early next year.

UBS has hired more than 100 new employees to its Asian wealth management business since the start of July, according to an internal memo from regional chief executive officer Kathryn Shih.

Union Bancaire Privée has recruited three senior individuals to continue its Asian private banking expansion, including a chief operating officer (COO), a head of legal and compliance, and a senior relationship manager.

UBS has announced the appointment of David Hayward Evans as head of philanthropy and values-based investing in Asia Pacific.

UBS has announced an increase to its headcount in Asia, prompted by its business growth in wealth, according to the bank’s second-quarter results published this week.

UBS has announced it is expanding its RMB investment offering in Asia, following the launch of the RMB investment advisory services in Hong Kong and Singapore last year.

UBS has hired two senior Morgan Stanley bankers to strengthen its ultra high net worth team focused on Greater China.

UBS has opened the Hong Kong campus of its Business University, in response to the increasing local demand for financial talent.

Michael Benz has started working in his new role as head of Merrill Lynch Wealth Management in Asia Pacific.

Merrill Lynch Global Wealth Management is developing its client solutions platform across the region by hiring a senior banker from UBS to a newly-created position.

UBS is further expanding its offering for ultra high net worth (UHNW) clients in Asia Pacific by creating a regional family services unit.

UBS Wealth Management has made a series of hires to its Singapore team to bolster its local client coverage.

UBS has appointed Philip Kunz to its senior leadership team in Singapore, responsible for further developing and growing the bank’s franchise in South-east Asia.

UBS Wealth Management has continued to strengthen its client coverage in the ultra high net worth space in South Asia after hiring three bankers from JPMorgan Private Bank.

UBS has announced a reshuffle of senior bankers and made various appointments as part of its bid to grab a larger share of the ultra high net worth (UHNW) wallet in Asia.