Global billionaire census shows Asia as fastest growing region
The global billionaire population reached a record 2,170 individuals in 2013, according to the inaugural Wealth-X and UBS Billionaire Census 2013. And total billionaire wealth in Asia surged nearly 13%, making it the fastest-growing region.
Henderson hires chief investment officer from UBS
Henderson has bolstered its executive management team with the appointment of Rob Gambi as chief investment officer, effective 2014.
A multi-pronged strategy to woo financial intermediaries
UBS Wealth Management has adopted a selective, multi-pronged approach to how it engages and services the increasingly large and influential community of independent wealth managers and other financial intermediaries in Asia.
UBS launches new impact investing fund
UBS has launched an Impact Investing Private Equity fund for SMEs in emerging and frontier markets - becoming the first bank in the industry to do so.
UBS adds to senior management ranks in South-east Asia
UBS has appointed Gan Seow Ann as vice chairman of UBS Wealth Management in South-east Asia and APAC Hub, underlining the bank's commitment to the region.
UBS is the largest private bank by AUM, says Scorpio Partnership
With net new money (NNM) in the global wealth management industry rebounding, UBS has seized the top spot for the largest private bank by assets under management (AUM), said industry research firm Scorpio Partnership.
UBS surrenders bank licence in India
UBS has surrendered its banking licence in India and may wind down the wealth management business, or apply for a differentiated licence.
UBS invests in know-how and innovation to drive performance
Kathryn Shih, chief executive officer of UBS Wealth Management in Asia Pacific, talks to Hubbis about her priorities and plans for the business in the coming years - including investing in know-how and innovation to provide relevant advice and help clients achieve their desired investment performance.
Hong Kong regulator issues penalties for misconduct
The Securities and Futures Commission (SFC) in Hong Kong has suspended Lam Ka Wo for three years for lack of honesty and integrity in dealing in securities for UOB Kay Hian.
UBS expands philanthropic offering in Asia
The UBS Optimus Foundation has opened a regional office in Hong Kong to spearhead its operations in Asia.
UBS lures new group chief information officer
Oliver Bussmann will join UBS from SAP as group chief information officer on 1 June.
Credit Suisse bolsters South-east Asian team with UBS hire
Credit Suisse has hired Claudio de Sanctis to its private banking business as managing director and market area head for South-east Asia.
UBS Wealth Management appoints new chief for India
In line with its decision of build its domestic wealth management business in the Indian subcontinent, UBS Wealth Management has appointed Oscar Balon as its chief executive.
How UBS is trying to take its talent to the next level
Markus Tanner, managing director and senior talent development partner for UBS Wealth Management, explains to Hubbis what the firm is doing around the world to adapt and refresh its learning and development initiatives and culture to today’s ever-more demanding HNW clients.
UBS sets new certification standards for 5,000 client advisers
UBS’ certification process in its retail banking, wealth management and corporate clients areas are now officially accredited, and the firm has set new standards for over 5,000 client advisers in Switzerland to undergo the certification process over the next three years.
UK regulator's ban on former UBS advisers upheld
The Upper Tribunal (Tax and Chancery Chamber) has directed the UK Financial Services Authority to fine Sachin Karpe £1.25 million and Laila Karan £75,000, and ban them both from performing any role in regulated financial services, for failing to act with integrity.
UBS bolsters Asian UHNW and family office businesses
UBS has made two senior appointments for its ultra high net worth and global family office businesses in Asia.
CEO Interview: Where UBS is looking for growth in Asia
Kathryn Shih, chief executive officer for Asia Pacific, and group managing director, at UBS Wealth Management, talks exclusively to Hubbis about key issues for the industry in the region right now – including emerging opportunities for growth, how international private banks can stay relevant and profitable in today’s environment, and how UBS is positioning itself accordingly.
Family offices to grow in Asia, predicts UBS study
Family offices are set to boom in Asia over the next few years, according to a new study by UBS and Campden.
UBS bolsters wealth management team in Hong Kong
UBS has hired two senior bankers to strengthen its team in Hong Kong – Valerie Chou as head of client coverage for the global family office business, and Linda Kwo as one of the local country team heads.
Credit Suisse bulks up Philippine private banking business
Credit Suisse has hired two senior UBS private bankers to its Philippine operations, with Angela Bow as managing director and market leader, and Albert Ma as managing director and team leader.
Former UBS head of wealth management challenges UK fine
UBS’ former UK head of wealth management has challenged the ability of the country’s watchdog to punish senior executives for insufficient supervision, according to a news report.
US charges UBS for faulty recordkeeping related to short sales
The US Securities and Exchange Commission has charged UBS Securities for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales.
Survey reveals private banking AUM growth of 76% since 2007
A recent survey has revealed that the assets under management held by the top 20 private banks in Asia Pacific has increased 76% to nearly US$1 trillion since 2007.
UBS hires new Singapore country head and wealth chief
UBS has hired Edmund Koh as Singapore country head and chief executive officer for its local wealth management business, as of early next year.
UBS adds 100-plus staff in Asia in two months
UBS has hired more than 100 new employees to its Asian wealth management business since the start of July, according to an internal memo from regional chief executive officer Kathryn Shih.
UBP makes three senior hires for Asia private banking team
Union Bancaire Privée has recruited three senior individuals to continue its Asian private banking expansion, including a chief operating officer (COO), a head of legal and compliance, and a senior relationship manager.
UBS appoints new head of philanthropy in Asia
UBS has announced the appointment of David Hayward Evans as head of philanthropy and values-based investing in Asia Pacific.
UBS boosts Asia headcount on back of growth in wealth
UBS has announced an increase to its headcount in Asia, prompted by its business growth in wealth, according to the bank’s second-quarter results published this week.
UBS expands RMB investment offering
UBS has announced it is expanding its RMB investment offering in Asia, following the launch of the RMB investment advisory services in Hong Kong and Singapore last year.