Vontobel Financial Products (Asia Pacific) has appointed Thomas Sussli as its new head for Singapore, effective 1 October 2014.

Additionally, the firm has hired Eugene Lee as new head sales financial products APAC, effective 1 September 2014.

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In his new role, Eugene will take over responsibility for product sales in this region and will assume responsibility for the local sales activities of financial products as well as for deritrade MIP ? the multi issuer platform for structured products.

The new hires will expand and further boost Vontobel’s activities in Singapore and expand its market presence in Asia.

Sussli joined Vontobel from Credit Suisse, where he worked in the External Asset Managers (EAM) business and has extensive experience in the structuring, settlement and sale of structured products.

Lee has previously held roles at JP Morgan, HSBC and BBVA, where he was responsible for the Private Banks and Retail Investors client segments in Asia.

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Roger Studer, head of Vontobel Investment Banking, said: "With their outstanding track records and experience, Thomas Sussli and Eugene Lee are ideally qualified to lead the further expansion and strengthening of our Financial Products business in Singapore.

"Fredy Flury will return to his original function in Financial Products Risk Management FIRC in Switzerland. I would like to thank Fredy Flury for his considerable efforts and commitment during his time in Singapore", Studer added.