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UBS sees Singapore shine amid rise of region's family offices

Republic soaks up new money at quicker pace, helping to push UBS Asia Pacific's Q1 results to new high

Published Thu, Apr 29, 2021 · 05:50 AM

Singapore

SINGAPORE as a wealth centre is gaining ground at a surer pace, capturing the rise of South-east Asia's new companies and more family offices setting up in the region, said a top executive from UBS on Wednesday.

It comes as UBS Asia Pacific hit a record high in the first quarter of 2021, with pre-tax profit up 21 per cent to US$900 million.

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Wealth management

Family offices

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Banking & Finance

UBS sees Singapore shine amid rise of region's family offices

KEYWORDS IN THIS ARTICLE

Banking & Finance

ADB agrees to US$5 billion funds replenishment with donors

Dollar drops as employers add fewer jobs than expected in April

HSBC has no plans to dispose of further businesses, chairman says

JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom

Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call

Danske’s net income rises 9% helped by higher interest rates

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