UBS appoints Saurabh Beniwal as SEA investment banking head

His territory excludes the Philippines, however.

UBS has appointed Saurabh Beniwal to a new position as head of investment banking for Southeast Asia excluding the Philippines. The appointment reflects UBS increased activity in this region.

Beniwal will retain his current job as head of technology, media and telecoms, but will relocate from Hong Kong to Singapore.

His new role will see him work closely with UBS's senior bankers across Southeast Asia and coordinate the coverage between countries. He will report to Matthew Hanning and David Chin, who are joint heads of investment banking for Asia Pacific.

The Philippines is excluded from Beniwal's responsibilities because this country is viewed as a special market. UBS has a very strong position in the Philippines.

Beniwal joined UBS in Hong Kong in 2000, focusing on telecoms and technology. He was appointed head of the Asian technology group in 2003 and in 2009 was promoted to head of TMT for Asia.