Dec. 5 (Bloomberg) -- UBS AG’s wealth management unit hired Morgan Stanley’s Valerie Chou and Linda Kwo from BNP Paribas SA in Hong Kong, according to an internal memo obtained by Bloomberg News.
Chou joined as head of client coverage for the global family office business in Hong Kong effective today, and will report to Amy Lo, head of the Asia-Pacific ultra high net worth business, according to the document, the contents of which were confirmed by Fiona Chan, a Hong Kong-based spokeswoman for UBS.
Chou had previously been with Morgan Stanley Private Wealth Management for 15 years, UBS said. She and Kwo are among the more than 450 people hired by the Zurich-based bank’s wealth management unit across the Asia-Pacific region this year.
Kwo joined UBS on Dec. 1 as a country team head in Hong Kong, according to the memo. Kwo, who was most recently a managing director at BNP Paribas Wealth Management, will report to Francis Liu, regional market manager for Hong Kong at UBS Wealth Management, the document said.
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