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Organic growth to drive UBS' goal of US$3b Asia-Pac profit

Its Asia-Pac's nine-month pre-tax gain almost doubles to US$1.8b; gobal wealth-management AUM hits US$500b

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The record Q3 profit from this region was driven by a 24% lift in operating income in global wealth-management, with the percentage growth outpacing all other regions.

Singapore

UBS, the world's largest wealth manager, is already seeing how long it would take for it to hit US$3 billion in full-year earnings from its Asia-Pacific operations, with 2020 earnings due to reach US$2 billion with ease.

Calling it a "purposeful" target without a timeline...

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