Asia wealth management
THE world's largest wealth manager UBS is actively reviewing certain sectors or geographies in which the bank has exposure in this region. However, its focus now is not on cutting, but on slowing...
DBS is gunning for a 7 to 8 per cent annual growth in assets under management (AUM) over the next couple of years, bringing its current AUM base of about S$234 billion to S$300 billion by 2023,...
HOCK LOCK SIEW
SINGAPORE banks took analysts by surprise with their strong second quarter performance in wealth management.
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.