UBS's David Chin to step down as China country head

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

UBS Group’s China country head David Chin has stepped down from the role but will remain the bank’s head of investment banking for the Asia Pacific, according to a source with direct knowledge of the matter.

The bank will appoint Eugene Qian, who heads UBS Securities, the Swiss bank’s majority-owned mainland joint venture, as China’s country head, the source said.

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