Investments

UBS Asset Management continues to build China presence

UBS Asset Management has appointed Raymond Yin, CFA, as Head of China Onshore and Managing Director, effective 12 December.

Yin will be responsible for leading the execution of UBS AM's China strategy, including the further build-out of UBS AM's onshore wholly foreign-owned enterprises (WFOEs) and continued development of the firm's joint venture with State Development Investment Corporation (SDIC). He will be based in Shanghai and report to Rene Buehlmann, Head of Asia Pacific, UBS AM.

Ulrich Koerner, President of UBS Asset Management said: "We have a long-term commitment to expanding our presence in China, which continues to be a key strategic growth priority for our business globally. We are delighted to welcome Raymond to the firm, and are confident that he and the team will be well-placed to drive forward our ambitious onshore plans."

UBS AM was this year named the top foreign asset management firm in China by Z-Ben Advisors and the Best Fund Provider - China A-Share Equity in Asian Private Banker's Asset Management Awards for Excellence 2018.

Rene Buehlmann. Head of Asia Pacific, UBS Asset Management commented: "Raymond's proven leadership skills and wealth of experience, together with our world-class China capabilities, will enable us to build on our growing momentum and further differentiate our offering for clients in this exciting market."

Yin has 26 years of experience in financial services working in Shanghai, Hong Kong and New York. He was most recently Partner and Head of the International Division for Shanghai Chongyang Investment Management and CEO of Chongyang International Asset Management. He spent much of his career at Goldman Sachs including as Head of China Equities. He received a Computer Science BA cum laude from Harvard University.