Published by AsianPrivateBanker – 2nd March 2015
Swiss pure play UPB loses its most senior banker in Asia as regional CEO resigns after five years in the role.
Stephan Repkow, UPB’s Singapore-based CEO, was responsible for hiring several bankers during his tenure – including Iu Jin Ong (Eugene Ong) as head of its multi family office business, and Suzuki Takenori as a senior relationship manager – as part of his mandate to build out the bank’s Asian franchise.
Repkow was unavailable for comment.
A career banker, Repkow previously worked with BNP Paribas and Citibank. It has not been confirmed if he will be taking up a position at another private bank.
UBP received a full merchant banking license from MAS in 2013.
“Senior management instability is never good – this is especially true for a boutique bank, because the CEO is the keeper of its strategic blueprint,” says a Hong Kong-based CEO of a pure play, questioning how long the existing landscape for boutique banks can continue in its current form.
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