Union Bancaire Privée’s asset management division has hired Lawrence Lo as chief executive officer and head of sales for Asia ex Japan.

He also takes up a seat on the executive committee of UBP Asset Management.

He will be based in Hong Kong and will oversee the development of UBP’s Asian business and focus its sales efforts in this important growth region.

Lo has spent nearly 30 years in the asset management industry. Prior to joining UBP he was chief executive officer of BSI Generali Asia, where he was responsible for developing the company’s wealth management and asset management activities in the Far East.

Before that he spent 15 years at BNP Paribas, where he was appointed managing director/regional head of BNP Paribas Asset Management Group and a member of the bank’s executive committee for Asia. 

Richard Wohanka, chief executive of asset management at UBP, says: “Lawrence knows the investment industry in Asia inside out and has vast experience running asset-management operations in the Far East. Not only that, I have no doubt that he will play a major role in driving forward the whole company through his work with the executive committee of UBP Asset Management.”

Lo adds: “Joining UBP was an easy decision for me to make. The company sees Asia as a vital part of its future and I am eager to use my experience to develop UBP into a major force in asset management in the region.”