Swiss banking giant UBS has named Mr Edmund Koh as head of UBS Wealth Management Asia Pacific.
The 55-year-old is the first Singaporean to hold the post.
Mr Koh, also a member of the UBS Global Wealth Management executive board and country head of UBS Singapore, joined UBS in early 2012 after more than 20 years in the Asian financial services industry.
Before joining UBS, he was the president and director of Tai-wan's Ta Chong Bank, and before that, he was managing director and regional head of the consumer banking group at DBS Bank.
He takes over from Ms Kathryn Shih, who has been named president of UBS Asia Pacific. Their appointments are effective from January next year.
Mr Juerg Zeltner, president of UBS Wealth Management, said: "Edmund is a seasoned banker who brings to the role a deep knowledge of banking and financial services in Asia Pacific.
"Since joining UBS in early 2012, Edmund has taken a crucial role in successfully building our business in the region and has been key to implementing our strategy."
His extensive experience in the financial industry and in successfully developing new markets positions him well to lead UBS Wealth Management into its next phase of growth in the region, he added.
UBS is the largest wealth manager in the world and in the Asia-Pacific by invested assets.