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Record pre-tax profits for UBS WM APAC

23 April 2018
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The UBS AG company logo sits at the bank’s headquarters in Zurich, Switzerland, on Monday, May 3, 2010. UBS AG, Switzerland’s biggest bank, reported the highest quarterly profit in almost three years after a rebound at the securities unit. Photographer: Peter Frommenwiler/Bloomberg

UBS Wealth Management’s Asia Pacific business once again figured prominently in the Swiss major’s latest financial results, with the region delivering record pre-tax profits (PBT) and CHF 6 billion in net new money (NNM) for the year’s first quarter. APAC wealth management profits were up 14% YoY to CHF 303 million, representing 27% of total Global Wealth Management (GWM) profits,…

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