UBS Wealth Management is “unlikely” to suffer any meaningful impact to its business in Asia after the Swiss major’s investment bank was suspended from sponsoring Hong Kong initial public offerings (IPOs), sources close to the matter have told Asian Private Banker. Hong Kong’s watchdog, the Securities and Futures Commission (SFC), slapped UBS with an HK$119 million fine and suspended UBS Securities…
Have a confidential tip? Get in touch [email protected]