Credit Suisse has appointed Tee Fong Seng as Vice Chairman and Head of Ultra High Net Worth (UHNW) for Private Banking Asia Pacific. In his new position, Mr. Tee will provide important support to the strategic direction and oversight of Credit Suisse’s Private Banking business and its market and segment initiatives in the region.
He will also be responsible for the strategy and business development of the important UHNW segment in Asia Pacific, driving the creation of an integrated client value proposition and a differentiated experience spanning investment solutions and family advisory services.
Mr. Tee was most recently the Head of Wealth Management South East Asia and Deputy Branch Manager, UBS Singapore. He will be based in Singapore and will report to Marcel Kreis, Head of Private Banking Asia Pacific.
Mr. Kreis said: “He has an enormous wealth of experience in providing private banking services to UHNW Asian clients, which is a key client segment not only for Credit Suisse’s Private Banking business but also for the success of our integrated bank strategy. This senior appointment demonstrates Credit Suisse’s continued strong commitment to its Private Banking franchise in Asia.”
“With the depth of Fong Seng’s experience and his caliber as a private banker, we will be able to further cement our leading position by leveraging our strong integrated bank platform together with Investment Banking and Asset Management, as well as the specialist expertise within Private Banking dedicated to serving UHNW clients,” he added.
