Credit Suisse private banking hires retired UBS veteran

The bank appoints James Hong as its first private banking chief executive for Hong Kong. Meanwhile, managing directors Betty Tsui and Edith Lau are said to have quit UBS Wealth Management.

Swiss bank Credit Suisse has plucked industry veteran James Hong from retirement to become its first private banking chief executive for Hong Kong.

Hong, who started his new job on September 1, has worked in asset management and private banking for 25 years. Most recently he was chairman of Greater China at UBS Global Asset Management from 2004 to 2009 before retiring. Prior to that he was UBS’s head of alternative and quantitative investments for Asia.

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