Invested assets at UBS' Asia-Pac wealth division cross US$400b

Singapore

UBS' invested assets at its wealth management division in Asia-Pacific hit US$405 billion in the first quarter of 2019, said the world's largest private bank.

UBS further saw strong growth with record net new money inflows of US$16.3 billion in the first quarter of 2019, rising from US$6.3 billion in the same period a year earlier.

It plans to strengthen its position in the region by…