UBS has hired Linyun Chang as head of a new wealth management unit that the Swiss bank is launching in Taiwan.
Chang was previously with BlackRock, where he worked for more than 12 years and was most recently in charge of the Asia ex-Japan retail business, leading a team of 60 people across Taiwan, China, Singapore, Southeast Asia, Hong Kong and Korea to provide advice and products to wealth management platforms.
The new unit he has been hired to run, UBS Advice, is a flat-fee investment platform for clients with at least $1 million to invest.
“UBS is optimistic about...