UBS poaches Taiwan derivatives expert from StanChart

UBS Warburg has hired Payling Lee to join its fixed income and derivatives sales group in Hong Kong as a director.

Lee will be responsible for UBS’s derivatives and fixed income business in Taiwan, where there has been “growing demand for risk management,” said Philip Tsao, head of investor fixed income derivatives distribution and co-head of Asian debt capital markets at UBS.

Lee had been in charge of Greater China derivatives sales for Standard Chartered since November 2001.

She accepted UBS’s offer last Friday and is expected to start in early July, Tsao said.

Lee started off as a corporate dealer in HSBC’s treasury team in Taipei in 1991. In 1996, she joined HSBC’s derivatives sales department, developing the bank’s China business.