UBS China Banking Co-Head Sun to Leave Firm After 17 Years

UBS Group AG’s co-head of China global banking plans to leave the firm after 17 years, according to a memo seen by Bloomberg News, the latest in a series of senior staff changes at investment banks in Asia.

Lijun Sun is leaving at the end of June to pursue other interests, according to the memo. He’ll be replaced by Solomon Li, who leads the firm’s Shanghai global banking branch. Li will work with fellow co-head Edwin Chen, who is based in Beijing. A spokesperson for UBS in Hong Kong confirmed the content of the memo.