This publication brings news of latest hires in the Asia-Pacific region.

UBS has appointed Tracey Woon as vice chairman for UBS Wealth Management in Asia, a role that will see her based in Singapore. Woon reports to Joe Stadler, head of global UHNW, and Edmund Koh, head of wealth management, Asia-Pacific.

Woon, who is joining the bank in the third quarter of the year, has more than 30 years of experience in the industry. She has worked on a wide range of corporate finance transactions from equity fund raising to debt offerings and advisory work, including take-overs of public companies in Singapore and Malaysia.

Most recently, she was vice chairman of ASEAN corporate and investment banking at Citigroup. Before joining Citigroup in 2004, she was managing director and head of investment banking for Singapore and Malaysia at Merrill Lynch. 

"Momentum has been particularly strong because a large proportion of the wealthy in the region are entrepreneurs whose wealth is closely correlated to their businesses. In light of this, they typically require not only personal investment advice but also investment banking and asset management services. We are confident that Tracey will be a significant addition to our team as we work to further grow our UHNW business in the region," Stadler said in a statement.

Among recent developments in Asia, the Zurich-listed banking and wealth management house has opened a branch in Shanghai. The group already has an office in Beijing. The new office, located in Xintiandi in Shanghai's Huangpu district, is part of its growth drive in the Chinese wealth management space.