The detention of a UBS Wealth Management staffer from Singapore has rocked the private banking community and resulted in some bans on travel to the mainland, reports say.
Tag: UBS
APAC family office returns strongest among peers
Family offices in Asia-Pacific recorded the highest average return globally in 2017 at 16.4%, followed by North America (15.9%), according to UBS and Campden Wealth’s global family office report.
UBS mass market push ends with robo-advisor sale
The Swiss bank was ‘out of its comfort zone’ with the Smartwealth launch.
BOS in HK poaches three execs from rivals
Bank of Singapore has plucked executives from LGT, UBS and BNPP Wealth for Greater China roles.
In case you missed it (04 May 2018)
UBS becomes first foreign player to apply for 51% JV ownership in China; Z-Ben says not a single Chinese fund manager is willing to sell a 51% stake; Credit Suisse poaches Julius Baer veteran; UTI AM launches an India multi-asset fund in Singapore; HSBC launches two lower carbon funds in Hong Kong; HKMA alleged to launch a crypto investment product; and more…
In case you missed it (27 April 2018)
Aberdeen Standard names Andrew Hendry as APAC head of distribution; HKEX appoints its first female chairman; Pictet AM launches Asia bond fund; investors have unrealistic return expectations; MAS proposes guidelines for senior manager accountability; Asia lags in philanthropy; and more…
In case you missed it (23 March 2018)
Hong Kong’s SFC fines UBS (again); Neuberger Berman poaches Pimco’s APAC head of strategy; Pimco aims to grow its ESG platform with new hire; Prestige Fund strategy AUM breaches $100m mark; APAC institutions likes private equity; China’s WMP AUM grows by a mere 1.5%; and more…
Hong Kong’s SFC goes after big guns
In separate moves, Hong Kong’s Securities and Futures Commission this month has gone after UBS, Deutsche Bank and CLSA for regulatory breaches.
UBS acquires Nordea’s private banking business
Private bank consolidation continues as UBS announces plans to acquire Nordea’s Luxembourg-based private banking business, which includes offices in Singapore and Switzerland.
Challenges of setting up PFM WFOE in China
Coordinating with the head office, keeping up with local regulations, branding and distribution are top challenges when establishing an investment management wholly foreign owned enterprise (WFOE) with a private fund management (PFM) licence in China, according to industry sources.
