UBS sees strong growth in private client mandates
It aims to raise penetration of mandates among Apac clients from 13% to 18%, on both discretionary and advisory portfolios.
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Genevieve Cua
MARKET volatility and the outperformance of managed solutions are helping to drive adoption of investment mandates among UBS private clients.
Martin Blessing, global co-head of UBS Global Wealth Management, says the group aims to raise the penetration of mandates among Asia Pacific clients from 13 to 18 per cent, on both discretionary and advisory portfolios.
"In recent years, we've experienced approximately 20 per cent per annum growth in our discretionary and advisory business in the region. Given the scale of UBS Global Wealth Management (GWM) in Apac, that equates to a very material level of assets which our clients are entrusting to UBS.''
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