UBS(US:UBS) 2 1 Shi Ji Jing Ji Bao Dao·2025-07-29 07:09Group 1 - UBS Group announced that Wu Jiayao will officially take over as the head of UBS Asset Management for the Asia-Pacific region on October 1 [1][2] - Allianz Fund, a newly established foreign-owned public fund founded in August 2023, announced the departure of Wu Jiayao as chairman due to personal reasons [1] - Wu Jiayao has a significant background in the finance industry, having previously served as CEO of Invesco Greater China and held senior positions at JPMorgan Asset Management [1] Group 2 - Allianz Fund's first public offering product, Allianz China Select, was officially established in September 2024, followed by the launch of its first bond fund in March this year [1] - As of the end of Q2 this year, the total scale of Allianz Fund's two products was only 685 million yuan, showing a slight decline from 748 million yuan at the end of Q1 [1] - Wu Jiayao's next role at UBS will involve driving the strategic execution of asset management business in the Asia-Pacific region and expanding collaboration opportunities in the Chinese market [2]