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UBS GWM APAC rakes in US$11B in net new money, but bottom line suffers

UBS Global Wealth Management’s APAC business gathered almost US$11 billion in net new money during the third quarter this year, outpacing every other region including the Americas, which registered neutral net inflows despite ultra clients contributing some US$3 billion in NNM. The strong intake in Asia — including from Global Family Office clients in the region — helped push UBS…

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