Investing early in Singapore's future
UBS, the biggest wealth manager in the world, is nurturing local financial talent to compete with the world
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NEARLY 50 years ago, the expansionary ambitions of Switzerland's largest bank brought it to Singapore. The Swiss Bank Corporation, a predecessor of today's UBS, was the first Swiss bank to invest here. It said then that it liked the city-state's strategic location and potential as a banking and finance centre. Today, the vision of Singapore as one of the top wealth management hubs in the world has materialised with UBS at the heart of it.
More than 4,000 people in Singapore work for the bank, which is the largest wealth manager globally and also the top private bank in Asia by assets under management and client advisers headcount. UBS occupies over 500,000 square feet of office space and has one of the largest trading floors in Singapore.
The city is also the headquarters for its investment banking business in South-east Asia. Singapore is also UBS' trading hub in Asia for foreign exchange, rates, and credit. It is also a risk management centre, and a major IT and operations centre.
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