BNP Paribas Hires Private Banking Veteran Ruth Chung from Pictet as Greater China Market Head
Hong Kong | 8th April 2022
BNP Paribas Wealth Management has hired Pictet & UBS private banking veteran Ruth Chung as Greater China Market Head with immediate effect in a newly created role. Ruth Chung will be responsible for leading the Greater China market from Singapore, and Taiwan offshore teams out of Hong Kong & Singapore. Ruth Chung has more than 30 years of industry experience, joining from Pictet Private Bank where she was the Market Group Head of Greater China and had over 20 years of experience in UBS (leadership roles Taiwan, China, Greater China). Ruth had also previously co-founded Sino Suisse Capital, an external asset management firm where she was the CEO of the Singapore office. Arnaud Tellier, BNP Paribas Wealth Management CEO for APAC: “With Ruth’s appointment, we are in full force to capture the growth opportunities in Greater China. Ruth’s industry knowledge and leadership, together with our continued focus on our One Bank approach, will further strengthen our franchise in North Asia, allowing us to provide best-in-class services to our clients.” Based in Singapore, Ruth reports directly to Michael Yong-Haron, Head of North Asia & CEO Hong Kong, BNP Paribas Wealth Management and locally to David Lim, Head of Singapore and Southeast Asia, BNP Paribas Wealth Management.
“ BNP Paribas Wealth Management Hires Private Banking Veteran Ruth Chung from Pictet as Greater China Market Head “
Arnaud Tellier, BNP Paribas Wealth Management CEO for APAC
Arnaud Tellier, BNP Paribas Wealth Management CEO for APAC: “As the wealth creation in Asia continues to grow, both Singapore and Hong Kong are key to supporting the increasingly sophisticated wealth needs of Greater China clients. BNP Paribas Wealth Management has very established teams in Hong Kong to serve our Greater China clients, and we are committed to building the same capability in Singapore to complement our unique offering to our clients.
With Ruth’s appointment, we are in full force to capture the growth opportunities in Greater China. Ruth’s industry knowledge and leadership, together with our continued focus on our One Bank approach, will further strengthen our franchise in North Asia, allowing us to provide best-in-class services to our clients.”
About BNP Paribas in Asia Pacific
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships. Worldwide, BNP Paribas has a presence in 72 markets with more than 202,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region. * excluding partnerships
About BNP Paribas Wealth Management
BNP Paribas Wealth Management is the business line name for the Wealth Management activity conducted by BNP Paribas. It is a leading global private bank and the largest private bank in the Eurozone with €422 billion worth of assets under management as at 31 December 2021. Present in three hubs in Europe, Asia and the United States, it employs over 6,800 professionals who support High Net Worth and Ultra High Net Worth individuals in protecting, growing and passing on their assets. The bank aims at building a sustainable future by combining its deep expertise and reach with its clients’ influence and desire for impact. The bank was recently named Best Private Bank in Europe, in North Asia, in US West and in the Middle East.
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