Clariden Leu poaches Peter Buehler from UBS

Clariden Leu's hire of its first head of European market and external asset managers in Asia reflects a growing trend for Europeans to book assets in Singapore.
Peter Buehler: A UBS veteran
Peter Buehler: A UBS veteran

In a move that reflects the continued growth of Singapore as a centre for global wealth, Swiss private bank Clariden Leu has created the role of head of European market and external asset managers in Asia.

Peter Buehler took up the Singapore-based post on June 1 and is responsible for European clients and external asset managers who want to book their assets in the Lion City. He reports to Othmar Foffa, head of Southern Europe in Lugano, Switzerland.

The demand from European clients who want to have closer proximity to Asia and are looking for investment opportunities in the region has picked up, says Jimmy Lee, Clariden Leu's Asia chief executive in Singapore....

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