UBS investment-banking head for Asia said to retire

[HONG KONG] David Chin, UBS Group AG's head of corporate client solutions for Asia, is retiring from the Swiss investment bank, a person familiar with the matter said.

The 48-year-old is leaving after 21 years at the Zurich- based firm, the person said, asking not to be identified as the move isn't public. Rob Stewart, a UBS spokesman in Hong Kong, declined to comment.

Mr Chin was appointed UBS's joint head of investment banking for Asia along with Matthew Hanning in 2009 after the previous head Robert Rankin resigned. Chin became Asia head of corporate client solutions last year after Hanning took on the same role for the wider Asia-Pacific region.

The corporate-client solutions group is responsible for mergers advisory, capital markets and financing for companies, financial institutions and private-equity firms.

The business came into being after UBS said in November 2012 that it would split its investment bank into two groups. The second unit - investor client services - encompasses equities, foreign exchange, precious metals, rates and credit.

BLOOMBERG