Hong Kong-based head of credit sales for Asia at UBS, Justin Yang, left the bank last week having worked there for two and a half years.
The managing director joined in July 2010 from Citi to take on the role of co-head of credit sales for Asia with Ben Jones, who joined the bank at the same time from Goldman Sachs, to become Yang’s counterpart. The move was reported at the time by Asiamoney PLUS. Last year, Yang became sole head of credit sales for Asia. Jones has remained with UBS in another role with the fixed income, currencies and commodities (FICC) team.
At Citi, Yang was head of regional credit sales, also based in Hong Kong. He had worked his way up the ranks at Citi as a high yield credit trader.
UBS' Asia Pacific credit sales will now be jointly run by Tommy Leung, based in Singapore and Gerry Ifil, based in Hong Kong. Both will report to Mark Jones, managing director and head of rates and credit distribution for Asia Pacific.
A spokesperson for UBS declined to comment on the move. Yang could not be contacted as Asiamoney PLUS went to press. His future plans are unconfirmed.