GENEVA, Sept. 6 /PRNewswire-Asia/ -- Union Bancaire Privee's Asset Management division announced today that it has hired Lawrence Lo as Chief Executive Officer and Head of Sales for Asia ex Japan. He also takes up a seat on the Executive Committee of UBP Asset Management. He will be based in Hong Kong and will oversee the development of UBP's Asian business and focus its sales efforts in this important growth region.
A graduate of the London School of Economics, Lawrence Lo brings with him a wealth of experience, having spent nearly thirty years in the asset-management industry. Prior to joining UBP he was Chief Executive Officer of BSI Generali Asia Limited, where he was responsible for developing the company's wealth-management and asset-management activities in the Far East. Before that he spent fifteen years at BNP Paribas, where he was appointed Managing Director/Regional Head of BNP Paribas Asset Management Group and a member of the bank's executive committee for Asia.
Richard Wohanka, CEO of Asset Management at UBP, highlighted the importance of this recruitment. He said, "Lawrence knows the investment industry in Asia inside out and has vast experience running asset-management operations in the Far East. Not only that, I have no doubt that he will play a major role in driving forward the whole company through his work with the Executive Committee of UBP Asset Management."
Mr Lo's arrival is further evidence of UBP's commitment to expanding its presence in emerging markets, which it sees as a key growth area in the coming years. He is excited to be part of the company's growth plans, saying, "Joining UBP was an easy decision for me to make. The company sees Asia as a vital part of its future and I am eager to use my experience to develop UBP into a major force in asset management in the region."
About Union Bancaire Privee
Union Bancaire Privee (UBP) is based in Geneva and is one of Switzerland's leading private banks. Active in the field of asset management for both private and institutional clients and with a very solid balance sheet, the Bank had some CHF 72 billion (USD 66.5 billion) in assets under management as at 30 June 2010. UBP employs around 1,200 people in some twenty locations worldwide and provides a complete range of products and innovative investment solutions, both in traditional and alternative asset management, with the aim of seeking out performance and attaining its clients' objectives. http://www.ubpbank.com
For further information, please contact
Jerome Koechlin
Head of Corporate Communications
Tel: +41-58-819-26-40
Email: jko@ubp.ch
Web: http://www.ubpbank.com
Emmy Labovitch
Head of Marketing UBP Asset Management
Tel: +41-58-819-2376
Email: lae@ubp.ch
