UBS is the biggest wealth manager in the Asia-Pacific region with more than 1,000 client advisers. The Swiss bank relocated Iqbal Khan to Hong Kong last year, underlining the region’s importance even amid a prolonged downturn in the Chinese economy.
UBS Group’s global co-head of wealth management said it will be key for clients to diversify investments going ahead amid political tension and growing global strains.
“In a world that’s geopolitically more charged and potentially less global being diversified is important,” said Iqbal Khan, speaking to Bloomberg Television at the bank’s Greater China conference in Shanghai on Monday.
