NNM inflows slow, but mandates penetration deepens for UBS GWM

24 July 2018 | 3 minutes read

UBS Global Wealth Management’s Asia Pacific franchise saw a marked slowdown in net new money (NNM) flows during the second quarter, although it was the Americas division that posted the biggest net outflows during Martin Blessing’s second quarter as co-president of the private bank alongside Tom Naratil. Second quarter NNM in Asia hit CHF 2.2 billion, down from CHF 9.6 billion…

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