BNP Paribas Wealth Management today announced the appointment of Ruth Chung as Greater China Market Head, effective immediately.
In this newly created role, Ruth is responsible for leading the Greater China Market out of Singapore, and having ultimate responsibility for Taiwan offshore teams out of Hong Kong and Singapore.
Ruth brings 30 years of industry experience to the Bank. Prior to joining BNP Paribas Wealth Management, she was the Market Group Head of Greater China at Bank Pictet & Cie Singapore. Ruth spent over two decades in UBS, taking on various leadership roles with Taiwan International business, China International business and Greater China Ultra HNW business with teams in both Hong Kong and Singapore. In between her banking roles, Ruth also 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, said: “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.” Arnaud continued.
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.
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