Private banking hires

UBS and Credit Suisse continue to hire private bankers

UBS hires private bankers in Hong Kong, while Credit Suisse lures two former UBS private bankers to help build its Philippines private banking franchise out of Hong Kong.

While the rest of the industry worries about layoffs, private banks continue to hire or at least play musical chairs among the banks.

UBS announced yesterday that Valerie Chou had joined the private bank on Monday as the head of client coverage for the global family office GFO in Hong Kong.

Chou has more than 20 years in the industry the past 15 years were spent at Morgan Stanley Private Wealth Management where she held various senior management roles including co-heading the private wealth management business for Hong Kong client coverage and co-managing a joint venture between private wealth management and the institutional securities group.

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