UBS targets wealth management in Asia


BEIJING: UBS AG, the world’s biggest wealth manager, expects Asia-Pacific assets to account for as much as 30% of the funds it oversees within the next 10 years, the Swiss bank’s chief executive said.

UBS’s wealth management business looked after about US$2.04 trillion in invested assets at end-2014, half of which in the Americas, according to bank filings.

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