By Cristina Roca 
 

UBS Group AG's David Chin is leaving his role as head of China at the bank, and will be replaced by Eugene Qian.

Mr. Chin will focus on his existing role as head of Asia Pacific for UBS's investment bank, according to an internal memo sent Thursday and seen by Dow Jones Newswires.

The Swiss lender named Mr. Qian as the new China country head as of July 1. Over the past two years, he worked closely with Mr. Chin on executing UBS's China strategy. This included raising the bank's stake in UBS Securities, its Chinese joint venture, following an easing of restrictions on foreign investments in the country.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

April 28, 2022 04:07 ET (08:07 GMT)

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