Union Bancaire Privée (UBP) has hired Elizabeth Yam as director, wealth planner for South Asia, Citywire Asia has learnt.
Based in Singapore, Yam joins from HSBC Trustee after 12 years, where her last held role was wealth planning director and team head for relationship management. She managed trust relationships in Southeast Asia, East Asia and the UK.
At UBP, Yam reports to South Asia head of wealth planning, Faye Ong, who joined in January following the departure of Lee Wong to Lombard Odier.
She will offer advice on wealth planning, succession planning and trust structures.
In other developments, the bank has relocated private markets specialist Geoffroy Troesch from Geneva to establish an Asia presence for the direct investments group.
Based in Hong Kong, he will be responsible for the identification and origination of new investment opportunities from Asia for the team.
UBP’s direct investments focus on sectors such as real-estate development, commercial aviation, new technologies, commodities and renewable energies.
Troesch will also lead the marketing effort around new investment offerings and provide post-sales support for current and future deals.
The Swiss private bank has been steadily growing its Asia headcount in all divisions after integrating the Coutts business in 2016.
According to media reports, its total AUM in Asia stood at approximately $14 billion at the end of 2017, of which $1.2 billion was in funds.