Tee skips from UBS to Credit Suisse

Tee Fong Seng takes on the vice-chairman's role at Credit Suisse with responsibility for the super-rich, reporting to former UBS colleague Marcel Kreis.

Credit Suisse has poached Tee Fong Seng from UBS to become vice-chairman and head of ultra-high-net-worth UHNW for its private banking arm in the Asia-Pacific region.

Tee will continue to be based in Singapore and will report to Marcel Kreis, head of private banking in Asia-Pacific. Kreis said the senior-level hire demonstrated the commitment of Credit Suisse to its private banking franchise in Asia.

Kreis himself is also originally from UBS, where he was most recently head of...

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