Vivienne Ng has been appointed to the newly-created position of executive director and head of Coutts International's China desk in the UK, in a move the bank says indicates the growing importance of Chinese-derived wealth in Britain.
Most recently Ng was a director at Credit Suisse (UK)’s Greater China and South East Asia team. Altogether she has had more than 20 years’ experience in private banking and wealth management, according to a Coutts statement announcing her appointment.
Ng will be based London and will report to Michael Mount, managing director and head of Coutts & Co’s international business. Her position is distinct from that of the overall head of China for Coutts, Andrew Sum, who is based in Hong Kong.
At Coutts, Ng’s role will include enhancing the links between the bank’s Asian and UK operations, and bolstering its international strategy in the UK.
At Credit Suisse, she had been responsible for developing the Swiss bank’s private client business in the Chinese and Asian high net worth and ultra high net worth markets, with a specific focus on greater China, Hong Kong and South East Asia.
Mount said that with an "increasing amount of wealth in the UK continuing to derive from international locations", the international desk at Coutts has taken on added significance recently, both to the bank and its clients.
“China is a key driver for this influx, and is a key [growth] market for Coutts,” he added.