UBS appoints new vice-chairman of IB team

UBS names Timothy Chia from Hup Soon Global Corporation as vice-chairman of its investment bank in Asia, replacing Robin Tomlin.
UBS has appointed Timothy Chia as vice-chairman of UBS Investment Bank in Asia, according to an announcement made yesterday. Chia will take over from Robin Tomlin, who has held the position for eight years. Tomlin will continue as a senior advisor to the firm.

UBS says that Chia's primary focus will be overseeing client relationships, major transactions and important strategic initiatives in Asia.

ôTimÆs appointment underlines our continued commitment to the growth of UBSÆs investment banking business in Singapore and the region,ö says Robert Rankin, head of UBS investment banking, Asia-Pacific.

Chia is currently deputy chairman and group chief executive at Singapore-listed Hup Soon Global Corporation û positions that he will retain after joining UBS. He established his reputation in finance while head of PAMA Group where he was responsible for the firmÆs private equity investments. He was appointed president of PAMA, one of the first institutional private equity investors in Asia, in 1995 and remained in the role until his retirement in 2004.

ôWith his deep knowledge of business and finance, in addition to his unparalleled understanding of corporate Singapore, he will ensure UBS remains the market-leading investment banking franchise in the region,ö says Rankin.

ôI would like to thank Robin for his outstanding contribution to UBS over the last eight years and we are delighted that he has agreed to stay on as a senior adviser to the firm,ö says Rankin.

Adds Chia: ôI am very much looking forward to the association with UBS in addition to continuing my day-to-day responsibilities at Hup Soon.ö

Chia sits on the boards of several private and publicly-listed companies including Banyan Tree, Fraser & Neave, Power Grid and Singapore Post. Since January 2004, Chia has been a trustee of the Singapore Management University. Chia has also served as director of KorAm Bank (Korea) and Meritz Securities (Korea).
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