Swiss banking giant UBS has appointed Eugene QIAN as the new China country head and president of UBS Group China, and Di HE as chairman of the Board of UBS Securities Company.
In their new roles, Qian and He will report to Chi-Won Yoon.
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Qian most recently served at Citi as president and a board director of Citi China. He managed corporate and investment banking strategy along with the consumer banking businesses in the role of a board member of Citi China.
He held several senior positions at Citi, which includes head of china corporate & investment banking and co-head of China investment banking.
In a career spanning over 20 years in the China/Hong Kong banking sector, Qian also served stints at UBS’s investment banking division in Hong Kong, Deutsche Bank as head of natural resources, Asia ex-Japan.
He also served as a member of the APAC global banking executive committee.
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By GlobalDataDi joined UBS in 1997 and assumed the role of China head for UBS Investment Banking Division after the merger of UBS and Swiss Banking Corporation.
In 2001, he was named as the vice chairman of investment banking. He led various transactions, which includes UBS’s investment in Bank of China, the $11.2bn IPO of Bank of China in 2006, the $2.7bn IPO of China Merchants Bank.
He also played a key role in setting up UBS’s domestic securities platform and securing the first QFII license in China.
Commenting on the two appointments, UBS president Asia Pacific Chi-Won YOON said: "Eugene and Di will substantially strengthen our China leadership team. With their exceptional experience and knowledge, I am confident they will expand our leadership position in the investment bank in China, and provide the momentum to further build our wealth and asset management businesses."
