Senior UBS banker returns to work after probe

UBS building

A senior UBS banker in Hong Kong returned to work on Monday, according to a spokesman for the bank, after being placed on leave as part of an investigation into the hiring of a Chinese colleague.

Reuters reports that Joseph Chee, head of capital markets solutions, was put on leave last month amid an internal investigation over the hiring of Joyce Wei, the daughter of the chairman of Tianhe Chemicals.

The UBS probe came as U.S. authorities launched an investigation into whether rival J.P. Morgan violated federal laws in hiring the relatives of current or potential clients in China with the sole purpose of winning business from them.

U.S. authorities are looking into the hiring practices of other banks, but so far, J.P. Morgan has come under the heaviest and most public scrutiny.

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UBS banker back at work after probe into hiring of Chinese colleague 

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