The bank plans to establish two more wealth management offices in 2023.
Amid increasing adoption of digital and robo advisors, wealthy investors have expressed concerns over the lack of a personal touch with their financial advisors.
The Swiss group has announced plans to streamline its Asia Pacific wealth management division.
The US bank officially unveiled the new centre in Hong Kong’s Kowloon district yesterday.
WE.UBS is the first platform of its kind by a global wealth manager in the country.
WealthTech venture funding in the Lion City outpaces rest of Asia.
This comes as its Singaporean entity has recently obtained a financial adviser’s licence from the Monetary Authority of Singapore.
It will reportedly start offering services in the country next year.
UBS Global Wealth Management brings back one and adds another in Hong Kong
Client ‘needs have extended from personal to family, corporate and social’.