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Swiss giant UBS Global Wealth Management (UBS GWM) recorded a marked increase in profit for Asia Pacific in 4Q24, while at the same time seeing net new asset (NNA) outflows in the region. UBS GWM’s profit before tax in Asia Pacific for 4Q24 reached US$271 million, increasing US$211 million YoY, and accounting for 31% of GWM’s global total. Total revenues…
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