Asian Inflows Bolster UBS

UBS, Singapore

UBS, Singapore

Switzerland’s largest bank and Asia’s biggest wealth manager, UBS, can once again thank its APAC business for the strongest influx of net new assets.

The Asian Wealth Management units attracted net new money of 6.8 billion Swiss francs, however outflows in emerging markets and Europe following the Brexit vote, diluted the strong Asian contribution.

Client Advisors UBS v Credit Suisse

The overall number of client advisors at UBS decreased by 77, mainly related to the exit from the Australian domestic business, which was completed during the second quarter of 2016.

As reported the former UBS employees in Australia founded a new domestic oriented firm «Crestone» Excluding this, the number of client advisors was slightly up in Asia Pacific.

Speaking from Zurich yesterday Helman Sitohang, CEO of Credit Suisse in APAC stressed that they had been hiring aggressively and had added 30 Relationship Managers (RM's) to the banks Asian Private Banking business during the second quarter. 


Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.