Ex-Citigroup Banker Eugene Qian Rejoins UBS as China President

Eugene Qian, a former Citigroup Inc. banker, has rejoined UBS Group AG as president and country head of its China business, the Swiss bank said in a statement.

Qian was a former president and a board director of Citigroup’s China businesses, where he focused on corporate and investment banking, before he left in January. UBS also named He Di as chairman of the board at UBS Securities Co., the firm’s domestic securities arm in China, according to the statement.

Qian fills a role vacated by UBS’s former China Chairman David Li, who joined JPMorgan Chase & Co. in October last year. Qian worked in UBS’s investment-banking division in Hong Kong from 1996 until 2003, focusing on deals for Asian and Chinese power and energy companies.

After joining Citigroup in 2007, Qian served in positions including head of China corporate and investment banking, and co-head of China investment banking. From 2003 to 2007, he worked for Deutsche Bank AG as head of natural resources in Asia excluding Japan and was a member of the German firm’s Asia-Pacific global banking executive committee, according to the statement.

He Di joined UBS in 1997 and became China head of investment banking following the merger of UBS and Swiss Banking Corp. In 2001, he was appointed vice chairman of investment banking at the firm, and was central in building UBS’s domestic securities platform and obtaining the firm’s first qualified foreign institutional investor license in China, the bank said.