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Asia dominates Q3 net new money for UBS WM

The UBS AG company logo sits at the bank’s headquarters in Zurich, Switzerland, on Monday, May 3, 2010. UBS AG, Switzerland’s biggest bank, reported the highest quarterly profit in almost three years after a rebound at the securities unit. Photographer: Peter Frommenwiler/Bloomberg

Asia Pacific continues to contribute the lion’s share of net new money to UBS’ wealth management business, according to the bank’s Q3 earnings report. The region saw net new money inflows of CHF5.1 billion  (+7%), outgunning Europe (+CHF3.9 billion), Switzerland (+CHF1.1 billion) and emerging markets (-CHF0.1 billion). Total Asia AUM in the region reached CHF286 billion (+5.5% QoQ), while the total number…

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