NYSE-listed wealth manager Noah and its asset management arm, Gopher, have joined the UN Principles for Responsible Investing (PRI) initiative.
The firm has again partnered with Hermes Investment Management to manage a sustainable product that is exclusive for UBS Wealth clients.
In the wealth management partnership with Sumitomo Mitsui, UBS will hold a majority stake.
Additionally, assets of the firm’s sustainable portfolio have reached $550m in Asia.
The firm reported 40%-plus drops in wealth and asset management results in 2018.
Aimed at Asia wealth management clients, the multi-asset portfolio promises monthly distributions, according to the firm’s executives.
The firm believes that the sustainable investing portfolio has resonated well with female investors.
UBS Global Wealth Management has appointed Desmond Kuek as divisional vice chairman, effective 18 February.
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After its launch in Asia in April, UBS Wealth Management’s sustainable cross-asset portfolio has gathered $100m (CHF$100m) in assets from Asia-Pacific clients, according to the bank’s executives.