Amid global market turmoil, high regulatory and litigation costs, and the exit of its Australian business, UBS Wealth Management’s (WM) Asia division posted in 2015 a slight drop in assets under management (AUM) and relationship manager (RM) headcount. AUM in Asia stood at US$266.8 billion as at end-2015, a 1.9% year-on-year drop from US$272 billion in 2014. The Swiss major’s…
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