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PRIVATE BANKING

UBS shedding wealth management staff in Singapore, Hong Kong

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UBS is seeing some departures from its wealth management units in Singapore and Hong Kong as the Swiss bank steps up its cost cutting programme.

Singapore

UBS is seeing some departures from its wealth management units in Singapore and Hong Kong as the Swiss bank steps up its cost cutting programme.

The most high profile of the departures is Singapore-based Joseph Poon, who was head of ultra high net worth for South-east