UBS names new manager to oversee $2b Asian high yield fund

UBS names new manager to oversee $2b Asian high yield fund

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss bank said in a statement, after a five-month hiatus in top leadership at the fund that was hit hard by China’s property sector debt crisis.