UBS GWM eyes US$5.5tn prize; APAC profit up 24% as advisor headcount dips

UBS Singapore

UBS has reported strong momentum in its Global Wealth Management (GWM) unit, with double-digit top- and bottom-line growth in APAC, driven by a 33% rise in transaction-based income. “The strength of our global, diversified franchise powered our excellent full-year performance as we helped clients navigate an unpredictable market environment. We made great progress on one of the most complex integrations…

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