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UBS Wealth Management’s invested assets in Asia Pacific cross CHF 300 bil

PC Lee Published on Mon, May 08, 2017 / 5:12 PM GMT+8

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SINGAPORE (May 8): UBS’s wealth management division in Asia Pacific saw invested assets grow from CHF 292 billion to CHF 311 billion ($441 billion) in first quarter 2017.

This makes it the first wealth manager in the region to exceed the CHF 300 billion milestone, says UBS in a press release today.

“As the results show, Asia remains an area of growth for UBS. We plan to consolidate our growth in the region by sharpening our focus on China, Japan, and Taiwan, as well as the regional wealth management hubs, Hong Kong and Singapore,” says Edmund Koh, Head UBS Wealth Management, Asia Pacific.