UBS has appointed Tien-Cheng Lee as country head of UBS Taiwan and branch manager of UBS Taipei branch, with immediate effect.

In his new role, Lee will work closely with local regulators and ensure further integration between UBS’s Taiwan business and its businesses globally.

Lee has over 35 years experience in the financial services industry in Asia. For the past six years he served as country head of DBS Bank, Taiwan, overseeing both corporate and investment banking and treasury and trading.

Prior to this, he was managing director and chief country officer for Deutsche Bank in Taiwan and Taiwan country manager for Bankers Trust.

In his early career, Lee worked for Citicorp in Taiwan, Thailand and Hong Kong, as well as for AIG and SGV-Soong & Co, also in Taiwan.

UBS Group Asia Pacific co-chairman and co-CEO Chi-Won Yoon said that Taiwan is a critically important market for UBS and by combining Lee’s wealth of experience with the strength of UBS’ business, the company will maintain a positive momentum within this market.