Ex-J.P. Morgan Exec Joins UBS Private Markets Unit

UBS Global Wealth Management has hired a former J.P. Morgan executive to join its direct investment group.

Edith Chan joins UBS Global Wealth Management as its Greater China head of direct investment group distribution, according to an internal memo effective June 21. A spokesperson for the bank confirmed the hire.

Chan rejoins the Swiss bank after previously serving in a similar role as its Greater China head of private markets distribution. She was most recently with J.P. Morgan where she also focused on private markets between 2018 and 2020. She previously worked with various private banks and asset managers including HSBC Private Bank and Deutsche Bank.

UBS’ direct investment group focuses on investing in private companies via direct participation in primary and secondary equity share placements.

It is also active in private debt and credit placements as well as real estate and infrastructure funds.

UBS sources such deals globally from its investment bank, asset manager, and network of blue-chip financial sponsors.