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UBS cuts jobs in the Asia-Pacific region, in order to reduce costs and restructure businesses.
UBS Securities Co., Ltd. is the investment bank and brokerage firm of the Swiss bank UBS with offices in many countries, among them China. Its Chinese arm is a joint-venture according to the restrictions of foreign investments in China, especially in the financial sector. Since 2018, it is a subsidiary of the Swiss bank UBS.
She is currently managing director, chief China economist and head of Asia economic research at UBS Investment Bank. [1] She served on the Mainland Opportunities Committee of the Hong Kong Financial Services Development Council from 2016 to 2021, [2] [3] and is a member of the Chief China Economist Forum. [1]
In 1997, Yoon joined UBS as Head of Equity Derivatives. He began to oversee Asian Equities in 2004. [6] In March 2008, he was appointed Head of UBS Securities Business at UBS Hong Kong, [7] [8] replacing Kathryn Shih. From June 2009 until November 2010, he served as CEO and Chairman of UBS AG Asia Pacific, [9] succeeding Rory Tapner.
UBS would own 51 percent of its joint venture, UBS Securities, if it purchases the holdings. Agribusiness conglomerate COFCO Group said in a statement to the China Beijing Equity Exchange on ...
UBS also entered the life insurance business in 1993 establishing UBS Life. UBS formed a joint venture with Swiss Life in 1995, known as UBS Swiss Life. UBS took a 25% ownership position in Swiss Life in exchange for a 50% share in the joint venture. [5] UBS entered the 1990s clearly the largest and most conservative of the three large Swiss Banks.