Australia’s head of investments for UBS Wealth Management has left his new job, heading back Hong Kong after just six months at the post.

He follows a number of high-level officers to jump ship from UBS lately, including Wealth Management chief George Boubouras and Melbourne-based advisers Stephen Collins and Mason Allamby.

Former head of investments Benjamin Pedley came to Australia after a three year stint heading investment strategy for HSBC in Hong Kong, sources in a report today say he’s handed in his resignation and will return to Asia, likely due to family reasons.

UBS Wealth Management is ploughing ahead though, reportedly angling for a takeover of rival The Trust Company