UBS Wealth Management has established a new resident foreigner team to provide specialized financial services to cater to the needs of foreigners residing in Singapore.

The new resident foreigner team has a growing pool of experienced international bankers, especially dedicated to the foreigner segment of the Singapore community. August Hatecke, head UBS Wealth Management Southeast Asia says, “We have had requests over the years to provide specialized financial services to foreign residents in Singapore and this new service gives us the ability to provide a seamless banking experience.”

The team is headed by Sean Straton, desk head, resident foreigner team, UBS Wealth Management, Singapore. Straton previously worked at Credit Suisse, where he was the team leader for the Indonesia market, and prior to that, was head of Westpac Private Bank, Singapore. Straton reports to Eddie Gan, managing director, market head, Singapore, UBS wealth management.

"Investing in building a dedicated client coverage team supporting high net worth foreign residents in Singapore is a key milestone in our strategy,” says Gan.

“We see tremendous potential for this client segment and this is a great opportunity for us to further accelerate the growth of our footprint in this important market," says Hatecke.