UBS Adds $16 Billion From Rich Clients as Assets Hit Record UBS Group AG’s rich clients added $15.7 billion in new money last quarter, giving a boost to star hire Iqbal Khan as he seeks to reinvigorate the key wealth management unit. The inflows lifted assets overseen for the affluent to a record $2.5 trillion,…
UBS Dubai Wealth Management Head Resigns Swiss bank UBS has lost its head of wealth management and its senior executive officer for its Dubai branch. The veteran banker resigns after two years in the job, finews.asia can reveal. Cedric Lizin resigned from his position earlier this week, after two years with the bank. Swiss bank…
Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. Switzerland’s second-biggest bank bucked market expectations of a profit dip and said it gained market share in equities trading during a…
UBS Board of Directors has nominated Jeanette Wong and William C. Dudley for election to the board of UBS Group AG at the Annual General Meeting of shareholders on 2 May 2019. Wong was group executive responsible for the Institutional Banking business at the Singapore-based DBS Group, until March 2019. Previously, she served as chief…
HONG KONG, Dec 21 (Reuters) – UBS Group has named veterans Amy Lo and August Hatecke as new co-heads for its Asia Pacific wealth management business, according to an internal memo issued by the leading Swiss private banking firm. Lo and Hatecke will replace Kathy Shih and Edmund Koh in the new regional roles that…
Credit Suisse Private Banking has hired Eric Kang as vice chairman for Southeast Asia based in Singapore, Citywire Asia has learnt. Effective 19 January 2019, Kang will replace David Lim, who is set to leave the bank after seven months. Kang joins from UBS Wealth Management, where he was most recently managing director at the global…
Morgan Stanley has named a new head of its team serving private equity clients in Europe — as banks step up efforts to reap fees from buyout firms’ record sums of untapped capital, amid signs of an uptick in M&A. Massimiliano Ruggieri, Morgan Stanley’s head of investment banking for Italy, has been promoted to run financial…
Nov 7 (Reuters) – UBS UBS has poached Wendy Liu from Nomura for the newly created role of head of China strategy, Refinitiv IFR reported J.P. MORGAN PRIVATE BANK J.P. Morgan Private Bank named Alex Wolf as head of its client investment strategy in Asia. HSBC HSBC has hired five analysts in London as part…
NEW YORK, N.Y. – Oct. 25, 2018–Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and UBS (NYSE:UBS), the world’s largest wealth manager, today announced an innovative strategic partnership where UBS Wealth Management USA will be the anchor client on Broadridge’s new wealth management industry platform. The Broadridge Wealth Platform is a next-generation open platform that will…
As announced in January 2018, the transaction covers the acquisition of part of Nordea Bank’s business and its integration onto UBS’ platform, thereby providing clients access to its global offering and local expertise. The decision followed a thorough strategic review of Nordea’s Private Banking International activities. The strategic review was part of the transformation of…
