UBS appoints Asia Pacific CEO

by Richard Kilner

Story link: UBS appoints Asia Pacific CEO

Swiss investment bank UBS has named Chi-Won Yoon as the firm’s new chairman and CEO for Asia Pacific.

He joined the firm 12 years ago, leading Equity Derivatives, and five years ago became head of Asia Equities.

Chi-Won, who assumes the new post with immediate effect, also acquires a seat on the firm’s Group Executive board and succeeds Rory Tapner, who is parting ways with UBS after a quarter of a century with the bank.

Oswald J Grübel, group CEO, has paid tribute to Tapner’s achievement as chairman and CEO of Asia Pacific over the course of the last five years.

Grübel went on to praise Chi-Won’s strong track record and leadership qualities, adding that he would ensure the Asia Pacific business stayed on the strong course Tapner had set it on.