SYDNEY: UBS Group AG is returning to wealth management in Australia after it exited almost a decade ago, tapping the Credit Suisse franchise it bought to make a renewed charge.The firm is targeting the rising number of rich women and family offices in the country, according to its local wealth chief.
For a nation of less than 30 million people, it’s become a key market for UBS. It plans to grow the more than US$30bil in high net worth money it manages there as part of the firm’s wider Asia-Pacific expansion goals.
