Joseph Chee departs UBS

They will report to Matthew Hanning. UBS also named Lauro Baja and Guorong Jiang as vice chairmen of IB Asia.

John Sturmey gives up his co-head of Asia GCM role less than a year after returning to UBS, as the bank's new global head of GCM David Soanes puts his mark on the team.

The Swiss firm re-hires John Sturmey from RBS and promotes Joseph Chee. Meanwhile, RBS appoints Stanley Ho as head of Asia ECM to fill the vacancy left by Sturmey.

The transaction represents the largest equity transaction in Taiwan since 2005, and the largest GDR issuance ever completed in Taiwan's capital markets.

Facing intense regulatory oversight, senior bankers are increasingly heading for the corporate world, with some taking their skills and contacts to fintech firms.

Slowing loans, M&A and ECM hit banks' fees last year. Technology, exports and bonds are bright spots, while Hong Kong is increasingly being seen as a place to raise foreign capital. PBOC's governor Pan Gongsheng wants a proactive policy approach.