UBS boosts Asia private banking team for ultra rich

SINGAPORE Oct 1 (Reuters) - UBS (UBSN.VX) (UBS.N) has redeployed two managing directors to strengthen its team catering to Asia's super-rich.

Yeong Phick Fui, currently regional market manager for Singapore, will become a senior advisor and "dedicate her full attention to deepening relationships with ultra-high-net-worth clients" in the region, UBS said on Thursday.

Yeong joined UBS in May 2006 from Singapore's DBS Group (DBSM.SI), where she was head of the private bank.

UBS has also moved Daniel Harel from its investment bank to become managing director and head of ultra-high-net-worth clients in Singapore.

Ultra high-net worth individuals are typically clients with $50 million or more in assets to invest. (Reporting by Kevin Lim; Editing by Saeed Azhar)