UBS global family advisory co-head departs

Thomas Ang, global co-head of family advisory at UBS Global Wealth Management, has stepped down from his role at the Swiss bank to take a career break after 20 years in private banking.

In announcing his departure, Ang shared that he has recently completed a French culinary course in Bangkok and plans to take some time off, according to his personal LinkedIn post on April 21.

“Twenty years has a nice ring to it,” he wrote. “It was after much deliberation that I made the decision to leave and to take a proper break.... It is a nice feeling to be able to cook a good meal for loved ones.”

Ang also co-led UBS’ global art and collecting division for over 18 months. He moved into the role following UBS’ integration of Credit Suisse, where he had spent more than 15 years in Singapore and Hong Kong, most recently as global head of family office services.

Ang began his career at UBS in the key client solutions team before moving to Credit Suisse and later returning to UBS through the merger.

It is understood that Eric Landolt, previously Ang’s fellow co-head based in Switzerland, has now assumed sole leadership of the family advisory, and art and collecting businesses. 

Recent departure

Outside the family advisory team, in Feburary, UBS also lost another executive covering family office clients. 

Citi Private Bank hired Hoo Peng Han as a director of its global family office group in Asia, to focus on deal origination and syndication in the southern part of the region. Based in Singapore, Hoo reports to Bernie Wai, Citi's Asia head of family office group.

Hoo has 10 years of investment banking knowledge and was transferred internally within Credit Suisse in 2020 to join its strategic advisory and private assets group, covering family offices and ultra-high-net-worth individuals. After the UBS takeover, he transitioned to a similar role in 2024.