UBS said to put 2 bankers on leave following internal hiring review

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Internal guidelines and procedures.

UBS has placed two bankers in Hong Kong on leave amid an internal review of the hiring of a banker linked to China’s Tianhe Chemicals Group, two people with knowledge of the matter said.

Bloomberg News reports that Joseph Chee, the Hong Kong-based head of global capital markets for Asia, and Sharlyn Wu, a member of his team, were put on leave, the people said, asking not to be identified as the matter is confidential. 

The suspensions were reported earlier today by Reuters, which said that UBS is among banks seeking a senior role in managing Tianhe’s $1bin Hong Kong share sale. UBS is looking into whether the hiring process used to bring in Joyce Wei, whose father is chairman of Tianhe, violated internal guidelines and procedures, the people said.

Hit the link below to access the complete Bloomberg article:

UBS Said to Put Two Hong Kong Bankers on Leave on Hiring Process

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