UBS Global Asset Management names a former ING executive to the newly-created role of business development head for Hong Kong and Taiwan.

UBS Global Asset Management, the asset and fund management arm of Swiss banking giant UBS, has strengthened its Hong Kong and Taiwan teams with the creation of a new business development role, this publication can confirm.

In mid-March 2014, Monita Chon joined the company as head of business development for Hong Kong and Taiwan, reporting directly to Kai Sotorp, the head of UBS Global AM based in Hong Kong. Chon was previously the head of institutional business development for North Asia at ING Investment Management. Prior to that, she worked for Barclays Global Investors, Barclays International Funds Asia and Fidelity Investments.

This new position combines the Hong Kong institutional and Taiwan institutional teams into one. Previously, Mei Yin Leong was responsible for the Taiwan group from Singapore, while Urs Raebsamen covered Hong Kong. 

Chon and Michael Chen, who joined UBS in January 2014 from Invesco, run the team from Hong Kong. Raebsamen is now a senior equity strategist based in Hong Kong.