Eric Morin To Head Union Bancaire Privee In Asia

A day after Alexander Classen, the Swiss based chief executive of Coutts International rejected the top role of integrating his bank with its new owners, Eric Morin has been confirmed as the man to lead the UBP Asian operations.

With effect from May 11 Morin will begin the task of melding the Asian business units of Coutts with those of Union Bancaire Privee.

Geneva headquartered UBP said in a statement,” Eric Morin will have the responsibility of leading UBP's private banking operations in Asia until the completion of the integration.”

Morin will have the support of his former BNP Paribas colleague Michel Longhini, the duo worked together for several years in Singapore. Longhini has been private banking head at UBP since late 2010 and was previously CEO for Asia at BNP Paribas Wealth Management.

The sale to Union Bancaire Privee includes business managed from Switzerland, Monaco, UAE, Qatar, Singapore and Hong Kong. It comprises client relationships predominantly managed outside the British Isles and associated staff.

It is expected that the transition will be completed in Europe and the Middle East before the end of 2015 and in Singapore and Hong Kong by early 2016. At which point the businesses will adopt the name of the new owner.

WEB'S BEST

Top stories from across the globe

  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
  • Former Goldman's Partner in Boutique Venture
  • Hong Kong and Singapore in Push for Fee Transparency
More

PHOTO GALLERIES

finews.asia Networking Event

finews.asia Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary

Newsletter

Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with finews.asia – email us on info@finews.asia – All communication is completely confidential and strictly anonymous.