UBS has appointed Allen Lo as country head for Hong Kong and chief executive of UBS, Hong Kong Branch. Reportedly, Mr. Lo retains his responsibility as deputy CEO wealth management Asia Pacific and CEO wealth management, Hong Kong.
He succeeds Chi-Won Yoon, chairman and CEO of UBS, Asia Pacific, who is stepping down to concentrate solely on his management responsibility for UBS’s Asia Pacific business.
As country head, Mr. Lo will represent Hong Kong on UBS’s Asia Pacific management committee, chair the local management committee, and will be responsible for coordinating activities across UBS’s business groups in Hong Kong. His responsibilities will encompass market strategy development, governmental and regulatory interface, and community affairs.
Additionally, in a related move, head of Asia equities at UBS investment bank, CJ Beshke, has been named alternate CEO for UBS, Hong Kong branch.
