UBS Group AG unit UBS Asset Management AG appointed Raymond Yin as head of China onshore and managing director, effective Dec. 12.

Yin will be responsible for leading the execution in the asset manager's China strategy.

He will be based in Shanghai and will report to Rene Buehlmann, head of Asia-Pacific for UBS Asset Management, the company said Dec. 12.

Yin was most recently a partner and head of the international division for Shanghai Chongyang Investment Management and CEO of Chongyang International Asset Management.