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UBS GWM APAC 2Q24 profit doubles following Credit Suisse consolidation

UBS Global Wealth Management’s (UBS GWM) Asia Pacific profit before tax more than doubled year-on-year (YoY) in 2Q24 mainly driven by the integration with Credit Suisse. In APAC, UBS GWM’s profit before tax stood at US$310 million in 2Q24, up US$162 million, or 109%, from US$148 million in 2Q23. This was mainly driven by the consolidation of Credit Suisse revenues…

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