UBS Global Wealth Management has actually strengthened its wealth preparing abilities in Southeast Asia with the hire of a 20-year veteran, finews.asia has actually found out.
Michelle Lau will sign up with UBS Global Wealth Management (GWM) as its head of wealth preparation, Southeast Asia, according to an internal memo seen by finews.asia.
Based in Singapore, Lau will begin her brand-new function in the 3rd quarter of 2022.
Lau is a skilled veteran with twenty years of experience at HSBC Private Bank where she held different functions consisting of local head of wealth preparation APAC and head of trust business Southeast Asia. After last leading the ultra-high net worth desk at HSBC Singapore, she signed up with IPG Howden as its Southeast Asia president managing the area, along with the Middle East.
Wealth Preparation Need
Personal banks continue to concentrate on updating their wealth preparing abilities to accommodate different customer needs consisting of a historical wealth transfer of $2.54 trillion to the next generation in Asia by 2030, according to a report by Wealth-X.
” We are positive that [Lau] will raise our wealth preparing offerings to the next level, accelerate our life insurance coverage positioning and continue to establish and construct the group to supply holistic protection on all ‘legacy-related’ subjects to our customers,” stated UBS GWM’s APAC co-head of advisory & & sales and customer service Dino Rinaldi in the memo.
A representative for the bank validated the contents of the memo.