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UBS appoints Tien-Cheng Lee as Taiwan Country Head and Branch Manager of UBS AG, Taipei Branch

Taipei | | Media Releases APAC

UBS announces the appointment of Tien-Cheng LEE as Country Head, UBS Taiwan and Branch Manager of UBS AG Taipei Branch, with immediate effect. In his role, LEE (TC) will work closely with local regulators and ensure further integration between UBS’s Taiwan business and its businesses globally.

“We are delighted that TC has joined UBS as our new country head. Taiwan is a critically important market for UBS and by combining TC's wealth of experience with the strength of our business, we will maintain our positive momentum within this market,' said Chi-Won YOON, Co-Chairman and Co-CEO, UBS Group Asia Pacific.

TC has more than 35 years experience in the financial services industry in Asia. For the past six years he served as country head of DBS Bank, Taiwan, overseeing both corporate and investment banking and treasury and trading. Prior to this, TC was managing director and chief country officer for Deutsche Bank in Taiwan and Taiwan country manager for Bankers Trust. In his early career, TC worked for Citicorp in Taiwan, Thailand and Hong Kong, as well as for AIG and SGV-Soong & Co, also in Taiwan.

“UBS has been a key provider of financial services to Taiwanese clients for more than 20 years and under TC's leadership we will continue to bring UBS's global expertise to the market. We build on our strong relationships with the regulator and our clients, while integrating the business yet further into our global business model,” said Alex WILMOT-SITWELL, Co-Chairman and Co-CEO, UBS Group Asia Pacific.

UBS has a highly regarded franchise in Taiwan: its Wealth Management business has been named the top Private Bank1 in Taiwan for the past three years; the Investment Bank is recognized as providing the best sales, trading and execution services in Taiwan, in addition to publishing the market's best equity research2 ; and this year, UBS Global Asset Management Taiwan has won 10 awards and is now ranked third among all fund distribution houses in Taiwan in terms of total number of awards received.3

1Asiamoney Private Banking Poll 2007-2010
2Asiamoney Brokers Poll 2009-2010
3 Lipper Fund Award 2010 Taiwan

Enquiry

Chris Cockerill

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(M) +852 9042 3482

chris.cockerill@ubs.com

Angel Yeung

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(M) +852 9725 0297

angel.yeung@ubs.com