Tapner departs UBS; Chi-Won Yoon takes over

Management changes continue unabated at the Swiss bank with the announcement of a new chairman and CEO for Asia-Pacific.

UBS announced yesterday the appointment of Chi-Won Yoon as chairman and CEO of Asia-Pacific with immediate effect. He succeeds Rory Tapner who, after 25 years, is leaving UBS.

Although Tapner could not be reached for comment, colleagues say their understanding is that he plans to do good works. As one colleague put it If he joins a competitor, I'd eat my hat.

Chi-Won's appointment ensures that UBS is well positioned to face the next stages...

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