The firm said that the Asia market - and especially China - is and will increasingly be important for Switzerland as a whole, given its role as a major private banking hub. 

Bordier & Cie, the private bank, has named Victoria Wu as Swiss head of Asia. Working alongside Josef Stauber, she will develop the Asia-Pacific market from Zurich. She joined the Geneva-based firm in early September.

Wu is fluent in Mandarin, English, German and French. She has worked in corporate banking for 14 years, chiefly as head of an origination team for trade finance and structured finance at ING. In 2008, she joined Credit Suisse’s APAC team, where she helped drive APAC business growth over the past 12 years.

In 2016 she was promoted to managing director. 

Stauber, meanwhile, began his private banking career with Credit Suisse ten years ago, also serving the APAC market. Stauber, who has lived in China and is fluent in Mandarin, English and French, also joined Bordier & Cie in September.

“We believe that Victoria’s unique experience, high standing and reputation will help us expand our APAC coverage, which is an unexploited avenue of growth for many banks in Switzerland. Victoria is probably the most respected private banker in Switzerland for the Asian market. That market - and especially China - is and will increasingly be important for us and for Switzerland as a whole, given its role as a major private banking hub," Patrice Lagnaux, limited partner at Bordier & Cie and head of the Zurich office, said.

“However, there are still few people in our country with specific expertise in the Asian market - which makes us even prouder to have Victoria and her longstanding colleague Josef Stauber join our firm. They bring an array of skills, extensive experience and an in-depth understanding of the APAC region," Lagnaux added.