UBS, StanChart capture 50%+ bottom-line growth for wealth businesses

UBS Global Wealth Management (GWM) and Standard Chartered Wealth and Retail Banking (WRB) have both recorded over 50% increases in profit before tax, alongside growth momentum in AUM. For UBS GWM, its APAC unit saw bottom-line growth of almost 50% YoY, with invested assets reaching US$790 billion. Standard Chartered captured yet another quarter of growth after a quarter of record…

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