Credit Suisse private banking hires retired UBS veteran

Swiss bank Credit Suisse has plucked industry veteran James Hong from retirement to become its first private banking chief executive for Hong Kong.

Hong, who started his new job on September 1, has worked in asset management and private banking for 25 years. Most recently he was chairman of Greater China at UBS Global Asset Management from 2004 to 2009 before retiring. Prior to that he was UBS’s head of alternative and quantitative investments for Asia.

AsianInvestor has also been informed that Betty Tsui and Edith Lau have quit UBS Wealth Management. Tsui has been working as a managing director and regional market manager for China, while Lau was a...