UBS has appointed a senior executive as Asia Pacific head of unified global banking (UGB) under the newly-launched GWM Solutions, Asian Private Banker can reveal. Selina Cheung has recently taken up the role, according to an update on her LinkedIn profile. She reports to Jason Hutchings, global head of UGB. Cheung has worked for UBS for over a decade. Before […]

The post UBS’s GWM Solutions appoints APAC head of unified global banking appeared first on Asian Private Banker.

Family offices in Asia Pacific are returning to balanced portfolios and looking to increase their allocations to developed market fixed income and alternatives, according to UBS Global Wealth Management’s (UBS GWM) flagship global family office report 2024. The report found family offices are moving towards more balanced portfolios, which saw allocations to developed market fixed income rise by the largest […]

The post Balanced portfolios are back for APAC’s family offices – UBS GWM appeared first on Asian Private Banker.

UBS’s Global Family and Institutional Wealth (GFIW) unit is aiming to contribute one-third to the top-line performance of UBS’s Global Wealth Management (GWM) business in Asia Pacific within the next three to five years, LH Koh told Asian Private Banker. According to Koh, the head of GFIW APAC, the secret to success lies in UBS’s integrated ‘one bank’ approach. Going […]

The post “Much more than wealth management”: What next for UBS’s one bank strategy? appeared first on Asian Private Banker.

The co-head of UBS Global Wealth Management (GWM) Global Family & Institutional Wealth (GFIW) has left the Swiss bank, Asian Private Banker can confirm. Singapore-based Tommy Leung, who manages the unit alongside Hong Kong-based LH Koh, left UBS this week, people familiar with the matter told Asian Private Banker.  Koh, co-head of GFIW APAC, will become the sole head of […]

The post UBS GFIW’s co-leader in Asia departs appeared first on Asian Private Banker.

Over the next five years, family offices in Asia Pacific plan to increase their allocations to alternative investments, and are more likely to diversify with hedge funds than their global peers, according to research revealed on Thursday. “Asia Pacific family offices continue a strategic asset allocation shift towards alternatives as their private equity investments were mostly allocated to funds last […]

The post Hedge funds “recipe for success” for APAC FOs: UBS appeared first on Asian Private Banker.

UBS Global Wealth Management (GWM) has made two senior appointments to Global Family and Institutional Wealth (GFIW), according to an internal memo seen by Asian Private Banker. Desiree Lam re-joined the Swiss bank in mid-August as market team head for GFIW, replacing Bryce Wan, who exited UBS in June this year. Lam first joined UBS from Goldman Sachs in 2013, […]

The post UBS makes two senior appointments in Global Family and Institutional Wealth appeared first on Asian Private Banker.

Using the clout of the UBS Group, the revamped UBS family office unit is offering alternative solutions that appeal to the multifaceted needs of its clients. This approach has helped Global Family and Institutional Wealth (GFIW) attract fresh inflows at a time when the dearth of investment banking (IB) business, the lull in the Hong Kong IPO market, and the […]

The post UBS family office unit co-heads see opportunity in market underperformance appeared first on Asian Private Banker.

UBS Global Wealth Management (GWM) is hoping that it can become a leader in driving synergies between investors and new economy companies on the back of its one-bank strategy and its sizeable global family office and UHNW client base. UBS GWM late last year set up a dedicated team — the New Economy Team (NET) — to focus on trends […]

The post UBS GWM wants to be the go-to bank for new economy entrepreneurs appeared first on Asian Private Banker.

UBS has appointed a team head focused on new economy-related business opportunities, with a dual reporting line which should benefit the interconnectivity within its “one bank” concept. Effective 11 October 2021, Binnie Wong has joined UBS as managing director, team head of the new economy strategy business development team. Wong was most recently head of Asia Pacific internet equity research […]

The post UBS picks new economy business development team head from HSBC appeared first on Asian Private Banker.

Asia’s universal banks have long hailed the “one-bank” approach, where the corporate and investment bank meets the private bank to serve clients’ crossover needs. The widespread practice — spurring growth and boosting revenue for the bank as a whole — begs the question whether universal banks’ wealth management arms could survive without the one-bank concept. The raison d’être in Asia […]

The post Can WM arms of universal banks do without the one-bank concept? appeared first on Asian Private Banker.

While the pandemic created a diverse impact on UHNW businesses, most family offices managed to make a profit in their investments after the market tumble in March, thanks to their well-diversified investment strategies. UBS Global Wealth Management launched the Global Family Office Report 2020 on Thursday, the first in-house UBS report on the activity of family offices. The report found […]

The post FOs saw increase in investible wealth despite market sell-off: UBS appeared first on Asian Private Banker.

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 […]

The post UBS names sector heads, reorganises Asia leadership in major WM redesign appeared first on Asian Private Banker.

UBS Global Wealth Management’s China international clients are increasingly turning to the bank’s advisory mandates in what is a clear sign their investment approach has evolved in recent years. While the bank did not provide sales or inflow figures, LH Koh, UBS GWM’s head of China International, told Asian Private Banker that over the past three years, it has doubled […]

The post UBS GWM: Demand for advisory mandates rising among China international clients appeared first on Asian Private Banker.