UBS has announced the key hire of David Li Yi in a newly created post of chairman and country head for China. With effect from 1 June, Li will assume responsibility for coordinating and fully exploiting the opportunities between the firm's entire Mainland business lines, while reporting to Rory Tapner, chairman and chief executive officer of UBS in Asia-Pacific.
Li heads to the UBS role, which will see him travel between Hong Kong, Beijing and Shanghai, from China Merchants Holdings International, where he held the title of managing director from November 2001 to May 2005. Under this post, Li had responsibility for refocusing strategy on the port industry and restructuring...
