Net inflows from Asia-Pacific clients totalled CHF 28.3bn ($29.79bn) in 2017, which is higher than 2016’s inflows of CHF20.8bn:
|
Asia-Pacific |
Europe | Switzerland | Emerging markets |
Total |
|
| Net new money (CHF bn) |
28.3 |
17.4 | 5.7 | 0.8 |
52.2 |
| Net new money growth (%) |
9.7 |
4.9 | 3.2 | 0.5 |
5.3 |
| Invested assets (CHF bn) |
373 |
402 | 204 | 166 |
1,145 |
| Client advisors (full-time) |
1,037 |
1,265 | 743 | 651 |
3,696 |
Source: UBS
In 2017, the bank also had the highest net inflows from clients in the region in the past five years:
|
Net new money (CHF bn) |
|
| 2017 |
28.3 |
| 2016 |
20.8 |
| 2015 |
13.7 |
| 2014 |
26.7 |
| 2013 |
18.5 |
Source: UBS
“We have accelerated our growth and expanded our business across the region, with a particular focus on Hong Kong and Singapore, as well as onshore markets, for example, Japan, China and Taiwan,” the bank said in the report.
For the past six years, UBS Wealth has held the largest assets among private banks in Asia-Pacific, according to a survey by UK-based Private Banker International.
“We are the largest foreign wealth management firm by assets under management in key Asia Pacific markets as a result of our early entry into the region,” the report said. “We are also well-positioned in the ultra high net worth segment, where we leverage the capabilities of our wealth management business.”
In total AUM sourced from APAC clients rose to CHF 373bn in 2017 from CHF 292bn in 2016, according to a Hong Kong-based spokeswoman of the firm. Globally, the bank’s wealth management operation managed CHF 1.34trn in clients assets as of the end of 2017, according to its annual report.
On the flipside, the bank saw net outflows of $7.2bn from its Americas business, compared to net inflows of $15.4bn in 2016.
Invested APAC assets rise
The bank’s client assets invested in Asia-Pacific also continues to grow. As of the end of 2017, invested assets in the region reached CHF 373bn from CHF 292bn in 2016, according to the report.
During the first quarter last year, assets grew to CHF 311bn from CHF 266bn in the same period in 2016, making it the first wealth manager in the region to exceed the CHF 300bn mark.
UBS’ investments in Asia-Pacific are significantly higher than in Switzerland and other emerging markets. However, investments in Europe (ex-Switzerland) are larger than Asia-Pacific at around CHF 402bn.
