UBS has appointed former Credit Suisse executive Janice Hu to replace Eugene Qian as head of its business in China, the Swiss bank said on Thursday (Aug 29).
Qian has decided to step down for family reasons after more than nine years at UBS in China and is exploring other opportunities within the company, UBS said in an e-mailed statement.
Hu, currently vice-chair of UBS Securities and Chair of Global Banking China, will step into her new role from Sep 16.
Hu was previously China head for Credit Suisse, which was acquired by UBS. She will report to UBS Apac president Iqbal Khan.
Qian, who is also chairman of UBS Securities, will continue working on several strategic initiatives relating to China after the Credit Suisse acquisition, UBS said. REUTERS
