Strategy & Practice Management

UBS hires from Credit Suisse for special desk in Singapore

In response to increasing demand for a seamless international banking experience for foreigners residing in Singapore, UBS Wealth Management has established a new service.

The new Resident Foreigner Team has a growing pool of experienced international bankers, especially dedicated to this underserved segment of the Singapore community. 

The team is headed by Sean Straton, desk head, resident foreigner team. 

He was previously at Credit Suisse, where he was the team leader for the Indonesia market. Prior to that, was head of Westpac Private Bank, Singapore.  

“We see tremendous potential for this client segment and this is a great opportunity for us to further accelerate the growth of our footprint in this important market,” said August Hatecke, head of UBS Wealth Management in South-east Asia.

The Resident Foreigner Team will work closely with HNW clients who want access to a global platform with a comprehensive range of financial and investment solutions, including planning for children's education and saving for retirement, key concerns for foreign residents in Singapore.