Awards for Distinction 2024 – Best Private Bank – FX Advisory

Best Private Bank FX Advisory

 

UBS

Best Private Bank – FX Advisory

Emmanuel Triomphe

co-head of unified global markets APAC

Nicola Pantone

co-head of unified global markets APAC

“We are thrilled to be recognised for our excellence in the industry. This success is a testament to our leadership in institutional FX globally and the exceptional advisory service that we bring to our clients.

“Our unique platform hinges on delivering a differentiated advisory service that is personalised and seamless. Our innovative platforms play a crucial role in enhancing our analytics and advisory processes, leading to better monitoring of client positions and risk management.

“Combined with our diverse product offerings and the timely and efficient delivery of market data and actionable ideas to clients, we empower them to make informed decisions and stay ahead in the dynamic FX market.”

What was behind the judges’ decision?

  • During the period under consideration for Asian Private Banker’s Awards for Distinction 2024, UBS Global Wealth Management saw record-breaking volumes of trading in FX accumulator/decumulator products and a significant rise in the penetration of relationship advisors advising Asia clients on these solutions.
  • It is the Judging Panel’s opinion that UBS Global Wealth Management is a leader when it comes to lifecycle management for Asian clients’ FX positions. Through the bank’s SPASA platform, clients receive automated reminders to roll over trades, notifications of restructuring opportunities, and windows for profit-taking.
  • In terms of profitable FX trades, the bank boasted one of the strongest hit rates for those ideas that closed in-the-money across a plethora of currency pairs, precious metals and accumulators/decumulators.

What we said…

“Separately, UBS Global Wealth Management and Credit Suisse were two powerhouses when it came to providing FX-related services to Asia’s discerning ultra/high net worth clientele. Together, the proposition has become absolutely formidable,” said Daniel Shane, editor of Asian Private Banker and head of the Judging Panel at the Awards for Distinction 2024.

“Bringing the best of both UBS’s investment bank and wealth management units to the region’s U/HNW clients, the lender boasts depth and breadth of products, innovative platforms, and differentiated content and thought leadership. The quality of UBS Global Wealth Management’s overall FX advisory offering was reflected in record-breaking volumes during the year in FX/precious metal over-the-counter options and securitised notes.

“Among the key developments in terms of UBS Global Wealth Management’s FX advisory offering in 2024 were the bank’s streamlining of the FX/precious metal product framework to allow clients to better monetise volatility in these markets. Leveraging on its experience in the Swiss market, the bank was also able to engage with regional clients on risk management of their CHF loan positions, substantially improving portfolio performance.

“For these reasons and more, Asian Private Banker is delighted to award UBS Global Wealth Management with the prize of Best Private Bank – FX Advisory at the Awards for Distinction 2024. We would like to congratulate everyone at UBS Global Wealth Management on their ongoing success.”

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