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UBS to double China staff as it implements its 'strategic plan'

China is a great opportunity like it has been for the last 20 years, says Mr Ermotti, predicting that it would be a challenging year globally.


UBS Group AG will double its staff in China over five years, adding about 600 people as chief executive officer Sergio Ermotti bets a time of volatile markets is as good as any for ramping up operations.

"China is not on its own with those challenges," Mr Ermotti said in a...