Michael Wu's appointment as head of Greater China will see him take charge of both the asset management and asset servicing divisions of Northern’s business in the region.
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Andreas Neuber will remain as chairman of the joint venture, while UBS banker Michael Chin will take over the CEO role.
People are either moving away from equity-related instruments or are treating them with caution, says Michael Benz at UBS Wealth Management.
Times-are-a-changing in Japan, according to the international recruitment firm.