Swiss investment bank UBS announced on Monday, February 4, that former SMRT chief Desmond Kuek has been appointed as divisional vice-chairman for global wealth management. He will be starting on February 18.
Desmond Kuek previously helmed SMRT as its CEO from 2012 to August 2018. He served as a Permanent Secretary in the Ministry of the Environment and Water Resources from 2010 to 30 September 2012. Prior to his civilian career, Desmond Kuek was the Chief of Defence Force in the Singapore Armed Forces (SAF) from 2007-2010, holding the rank of Lieutenant General.
According to a report in The Business Times. Kuek will be working under Joe Stadler, UBS’ head of ultra-high net worth, as well as Edmund Koh, the bank’s Asia-Pacific president.
“Desmond is a great intellect and strategic thinker. He is tenacious; always calm under pressure and not afraid to take on the toughest challenges with commitment and perseverance. His rich and diverse range of experiences driving complex businesses through innovation and transformation will serve UBS well into its next chapter. I am very happy to welcome him as a colleague.”Edmund Koh, President, UBS Asia Pacific
When asked about his new role, Kuek said, “I’m looking forward to starting on this exciting new role with the incredible team at UBS.”
A statement issued from UBS said that the bank believes Kuek’s experiences “will be of great value in strengthening our relationships with existing clients, forging new ones and growing our business across the Asia Pacific”.