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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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, UBS Asia-Pacific president Edmund Koh said in a media briefing on Wednesday that the results point to the strong organic growth from a rising Asia.
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