UBS Global Wealth Management (GWM) sees a silver lining in 3Q22 earnings in Asia because of the level of positive inflows to the bank. The APAC region underperformed compared to EMEA and the Americas, with profits before tax (PBT) dropping 19% YoY to US$237 million. Invested assets stood at US$412 billion in Asia in 3Q22, with net new fee generating…
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