Swiss private banking group Union Bancaire Privée (UBP) has appointed Teresa Lee as region head North Asia and chief executive Hong Kong.
UBP, in a press statement, said Lee joins the bank “with an exemplary record in the Asia wealth management industry”.
At the Bank of Singapore, where she spent the last seven years, Lee significantly expanded the business as head of Greater China and later as vice-chair of Greater China. Her career, spanning over two decades, also includes roles as head of relationship management, China at Standard Chartered, and team head at ABN Amro Private Bank.
UBP stated that Lee has “actively supported” Hong Kong’s wealth management sector, notably as the former chair of the wealth management sub-committee at the Family Office Association of Hong Kong. She also chaired The Women’s Network at her previous bank with a variety of initiatives to build a diverse workplace and foster a positive work culture with lasting impact
on the community.
Commenting on Lee’s appointment, Michael Blake, CEO Asia, said: “Her appointment aligns with our ambitious plans to accelerate business development in North Asia and reaffirms our confidence in Hong Kong as a leading global wealth management hub. Teresa’s strategic insights, client connectivity, and extensive experience in different market environments make her ideally suited to lead the next phase of UBP’s growth in the region.”
Taking to LinkedIn, Lee wrote: “UBP’s dedication to delivering conviction-driven, client-focused solutions, coupled with its entrepreneurial spirit and agility, aligns perfectly with my aspirations. The bank’s commitment to nurturing talent, fostering innovation, and upholding corporate responsibility with a long-term vision resonates deeply with me, especially in today’s dynamic market environment.”
UBP is one of Switzerland’s leading private banks, specialising in the field of wealth management for both private and institutional clients. It is based in Geneva and employs 2,117 people in over 20 locations worldwide, holding CHF 150.8 billion in assets under management (as of 30 June 2024).
