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UBS WM’s development impact bond turns heads in HK

UBS Wealth Management’s first ever development impact bond (DIB) is garnering interest from Hong Kong-based clients, due in large part to the philanthropic initiative’s focus on delivering predefined outcomes, Phyllis Costanza, CEO of UBS Optimus Foundation, tells Asian Private Banker. Launched a year ago, the initiative is a joint venture between UBS Optimus Foundation (the Swiss bank’s philanthropic arm), Indian non-governmental…

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