HONG KONG: A former UBS Group AG investment banker was linked to several Hong Kong initial public offerings over the past two years in which his parents featured as investors.
The banker is Calvin Choi, who left his job as a managing director at UBS in January 2016 to become chief executive of boutique advisory firm AMTD Group Co.
UBS has reported one such case to Hong Kong’s securities regulator after determining that Choi may have breached internal compliance rules, a person with knowledge of the matter said.
In 2015, Choi was the lead banker for UBS on an IPO by Xinte Energy Co., two people familiar with the deal said.
A company in which his father was a shareholder invested in Xinte before its IPO, the people said, asking not to be named discussing private information.
Limited time offer:
Just RM5 per month.
