UBP picks hedge funds and fixed income to shine in 2023.
AXA IM adds two staff to its China joint venture, while UBP strengthens its investment services team.
The wealth management positions are in Singapore and Taiwan .
The industry veteran will lead a newly-created regional team.
Both banks aim to boost their wealth management businesses in Asia.
UBP hires South Asia chief; Morningstar promtes research head; HSBC AM poaches from State Street; Citi name Vietnam boss; UBS adds to Apac ESG bench; Apollo taps HSBC.
Indosuez poaches from DBS; Stanchart taps Swiss PB; DBWM attracts veteran banker; UBS hires tech specialists; State Street has new regional leadership roles; Pictet WM appoints Asia CIO: JPMAM relocates insurance head.
While remaining overweight in the equity space, those companies with high quality earnings and strong growth should outperform, says Union Bancaire Privée (UBP).
As a result of weaker growth, low vaccination rates and diverging monetary policies, Asian emerging markets will continue to experience portfolio outflows and sustained depreciatory pressures, according to Union Bancaire Privée (UBP).
Investors must assess each sector’s potential to deliver both positive impact and returns in disparate emerging markets (EM), says UBP Asset Management (UBP AM).