Four more banks in Taiwan have been granted wealth management licences by the island’s Financial Supervisory Commission (FSC) to serve HNW clients with NT$100 million assets or above, the regulator announced on Tuesday. Cathay United Bank, UBS AG’s Taipei branch, First Bank Taiwan, Taiwan Cooperative Bank have joined the three others — CTBC Bank, Megabank, and Shanghai Commercial & Savings […]

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UBS Global Wealth Management has nabbed UHNW market head from a Taiwanese domestic bank. David Lo has been hired as market head, UNHW for UBS GWM Taiwan. According to the bank’s announcement, Lo has also been appointed as a member of the UBS Taiwan country management team and UBS Taiwan GWM management committee. He will report to Dennis Chen, group managing […]

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Following plans to cut 500 wealth management jobs globally, UBS Global Wealth Management has reorganised its reporting structure and shuffled its senior ranks in Asia, in a bid to streamline decision-making and bring clients closer to its leadership. Henceforth, UBS GWM in Asia will use the “sector head” designation, replacing the “regional market manager (RMM)” and “country team head” titles that […]

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