SINGAPORE - Swiss bank 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, who is 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 Ta Chong Bank and before that was the managing director and regional head of the consumer banking group at DBS Bank.
Mr Koh takes over from Ms Kathryn Shih, who has been named the president of UBS Asia Pacific.
These appointments are effective in January next year.
Mr Juerg Zeltner, the 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 the successful development of 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 Asia Pacific by invested assets.
As at end-2014, UBS was managing assets worth 2 trillion Swiss francs globally and 269 billion Swiss francs in Asia Pacific.
UBS Wealth Management employs more than 2,000 staff across Asia Pacific and has a presence in 13 locations across the region.