Best Private Bank – FX Advisory
UBS Global Wealth Management APAC
Nicola Pantone
co-head unified global markets APAC, UBS Global Wealth Management APAC
We are proud to achieve this recognition for the second consecutive year. This is a strong endorsement of our unified global markets platform and the institutional FX expertise we bring to our wealth clients.
Building on the success of our exceptional advisory service, this year we sharpened our personalised advisory with robust analytics, disciplined risk oversight, and comprehensive lifecycle management – ensuring opportunities are captured, and positions are monitored with clarity. We also further strengthened our leadership in gold and precious metals, offering seamless access to both physical and paper gold and delivering innovative precious metal-linked solutions that helped clients hedge portfolios. Combined with the breadth of our solutions and timely, actionable insights delivered through our digital channels and weekly content, we supported clients in navigating pivotal themes with confidence.
This recognition belongs to our clients and our teams, whose trust and partnership inspire us to keep raising the bar for FX advisory in a dynamic market.
co-head unified global markets APAC, UBS Global Wealth Management APAC
Winners Rationale
“UBS Global Wealth Management APAC (UBS GWM APAC)’s FX Advisory business was named Best Private Bank – FX Advisory for its focused and client-centric approach. In 2025, UBS demonstrated strong strategic insight by navigating themes such as ‘dedollarisation’ and changing interest rate expectations,” said Audrey Raj, editor of Asian Private Banker.
“The team guided clients in reallocating capital into EUR and AUD solutions to reduce excess dollar exposure, while proactive hedging strategies, including the Go for Gold initiative, drove notable growth in both OTC and physical gold volumes. Engagement across the accumulation and decumulation space, as well as structured product trades, reached record levels, reflecting broad client participation and the effectiveness of UBS’s advisory approach.
“During periods of high currency volatility, the advisory team helped clients preserve portfolio stability by de-risking concentrated positions in key pairs like USD/JPY and USD/CHF. Yield enhancement strategies, particularly through Dual Currency Notes, were widely adopted, offering diversified opportunities in a shifting rate environment.
“UBS also invested in digital innovation to support sophisticated trading. Platforms such as UBS Neo, the Credit View tool, and the proprietary SPASA lifecycle management system enhanced analytics, risk management, and execution capabilities, ensuring clients benefit from market-leading technology.
“These combined efforts highlight UBS GWM APAC’s ability to provide timely, tailored, and innovative FX advice, reinforcing its leadership position in the region.”
