UBS China JV bolsters team with senior hire

The promotion of a new senior relationship manager is the latest step in UBS's effort to capture the increasing opportunities in equities and FX, rates, credit businesses in China.

UBS Securities on Thursday named David Xu as senior relationship manager across investor client solutions to bolster the Swiss bank’s onshore equities franchise in the country.

In his new role, Xu will strengthen UBS’s China client franchise and enable the joint venture to integrate with the banks global functions for client relationships, according to a memo seen by FinanceAsia. His promotion is the last step by UBS to expand its senior relationships management function in Asia Pacific in 2017.

The appointment comes in as UBS seeks to strengthen its onshore presence in China at a time when more and more global banks are setting...

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