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UBS Wealth Management bolsters Ultra High Net Worth business in South Asia
UBS today further strengthened its Ultra High Net Worth business in South Asia with the appointment of Reto MARX as Managing Director, Ultra High Net Worth Country Team Head based in Singapore.
Marx, who has in excess of 17 years in the wealth management industry, most recently as Head of Southeast Asia, Bank Sarasin-Rabo (Asia) Limited where he spearheaded the bank's marketing and business activities, will be responsible for growing UBS's Ultra High Net Worth business in the South Asia region. He will report to Daniel HAREL, Head of Ultra High Net Worth, South Asia.
Previously, Marx worked for Credit Suisse, Singapore, where he managed the Asia international wealth management team, and covered external asset managers. His responsibilities also encompassed on-shore initiatives in Australia including the setting up of operations in Sydney and Melbourne, and management of an 80-strong offshore team based in Singapore, Zurich and Australia.
"Reto's extensive wealth management experience, strong client relationships in South Asia, and expertise in developing new markets provide the ideal platform from which to drive growth of the business in the region. UBS is the market leader in the Ultra High Net Worth segment both in Asia Pacific and globally, and this important strategic hire provides another valuable dimension to our leadership team," said Christine ONG, CEO Wealth Management Singapore.
Marx's appointment follows hard on the heels of the recent appointments of: Carlo GRIGIONI, Vice Chairman, Wealth Management & Swiss Bank, as Head of Ultra High Net Worth, Asia Pacific; Daniel HAREL as Head of Ultra High Net Worth, South Asia; and YEONG Phick Fui and Kurt KUMSCHICK as Senior Advisors to the Ultra High Net Worth business in the region.
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