UBS Global AM hires for HK, Taiwan sales

UBS Global Asset Management has named Monita Chon as head of institutional business for Hong Kong and Taiwan in a move that centralises coverage of those markets in one location, say sources. She joined this month from ING Investment Management and reports to Kai Sotorp, Asia-Pacific chief executive of UBS Global AM. Chon's arrival follows the hire of Michael Chen from US asset manager Invesco in January. Chen now reports to Chon, with the two said to have taken on effectively n…