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UBS GWM soaks up billions of NNA in APAC amid Credit Suisse integration

UBS, Hong Kong

UBS Global Wealth Management (GWM) attracted net new assets (NNA) of US$6.4 billion in Asia Pacific in 1Q24, as the Swiss banking giant forges ahead with the integration of historic rival Credit Suisse. In Asia Pacific, UBS GWM’s profit before tax (PBT) increased by US$64 million to US$315 million for the quarter, the firm said in its recent earnings report….

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