UBS Global Wealth Management’s APAC business recorded its highest ever second quarter profit, while bringing in US$3.8 billion of net new fee-generating assets (NNFGA) in 2Q21. Over the past 12 months, NNFGA in APAC grew at 20% — the fastest of all regions. A confluence of factors — US$3.8 billion of NNFGA inflow, positive market performance, and foreign currency effects…
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