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UBS names co-head of Asia-Pacific global family office

UBS Group AG appointed LH Koh co-head of global family office for Asia-Pacific, Bloomberg News reported Jan. 16, citing people familiar with the matter.

Koh will share the leadership role with Anurag Mahesh, sources said.

A spokeswoman for UBS in Hong Kong confirmed the appointment, Bloomberg added.

UBS Group is restructuring the wealth management unit in Asia spearheaded by co-heads of the business, Iqbal Khan and Tom Naratil, who plan to cut costs and speed up decision-making processes.