Ex-J.P. Morgan Exec Joins UBS Private Markets Unit
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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.
Questions & Answers
Q.What is Edith Chan's new role at UBS Global Wealth Management?
What is Edith Chan's new role at UBS Global Wealth Management?
Edith Chan has joined UBS Global Wealth Management as its Greater China head of direct investment group distribution. This appointment is effective from June 21, according to an internal memo.
Q.What kind of investments does UBS's direct investment group focus on?
What kind of investments does UBS's direct investment group focus on?
The direct investment group at UBS primarily focuses on investing in private companies through direct participation in equity share placements. It also engages in private debt, credit placements, and real estate and infrastructure funds.
Q.Where does UBS source its direct investment deals from?
Where does UBS source its direct investment deals from?
UBS sources these direct investment deals globally from several internal and external channels. These include its investment bank, its asset manager, and its network of blue-chip financial sponsors.
Q.Has Edith Chan worked for UBS before this current appointment?
Has Edith Chan worked for UBS before this current appointment?
Yes, Edith Chan is rejoining UBS. She previously held a similar position as its Greater China head of private markets distribution before moving to J.P. Morgan.
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