UBS, the major Swiss banking group, has promoted Wiwi Gutmannsbauer to operating head of wealth management and chief operating officer for its Asia Pacific operations.
Effective from January 2018, Gutmannsbauer – who has been with UBS for the past 20 years, most recently as operating head of Europe and Emerging Markets Wealth Management for UBS WM, and head of its Omnichannel Wealth Management operations in Zurich – will relocate to Singapore, where he will succeed Geoffroy de Ridder and Andreas Neuber.
Gutmannsbauer will report to Dirk Klee, chief operating officer of UBS Wealth Management, and Kathryn Shih, president of UBS Asia Pacific, as well as Edmund Koh, head of wealth management, Asia Pacific.
Hamburg-headquartered Berenberg has appointed Angela Müller-Valkyser co-head of its German wealth management business.
Müller-Valkyser (pictured left) comes to Berenberg from Deutsche Bank, where she has spent the last 22 years working in wealth management, most recently as managing director of Deutsche Bank AG. She first joined Deutsche in 1987 as part of the group’s corporate and investment banking team, and moved on to join the wealth management team in 2003.
Deutsche Asset Management has named Mark McDonald as global head of private equity secondaries.
London-based McDonald comes to Deutsche AM from Credit Suisse, where he worked as global head of secondary advisory and was also a senior member of the screening committee for the firm’s private fund group. Prior to that he worked as a senior member of the Keyhaven Capital Partners investment team, where he focused on Europe and Asia, and before that, for Pomona Capital, where he oversaw the company’s secondary, direct and primary EMEA investment strategy. In all he has more than 20 years of experience in asset management and financial services.
At Deutsche AM, McDonald will be primarily responsible for developing the company’s private equity business by identifying alpha-generating, bespoke investment products to complement the company’s clients’ portfolios. He will also, Deutsche AM says, explore opportunities in the secondary and private markets.