UBS has internally announced the promotion of a wealth management executive for its onshore business in Taiwan, finews.asia has learned.

Henry Su has been named business sector head of global wealth management (GWM) for the onshore Taiwan unit at UBS, sources told finews.asia. In his new role, the seven market team heads in Taiwan report to Su while he reports to head of GWM Taiwan domestic Dennis Chen.

Su joined UBS Taiwan a decade ago as its chief of staff and was most recently its country operating officer, a role held since January 2018. Previously, Su also spent five years with consulting firm McKinsey & Company. 

When contacted, a spokesperson for the bank confirmed the appointment.