UBS Plans New Singapore Base
Tom Burroughes, 18 April 2019
The bank, also the world's largest wealth management house, is putting all its Singapore operations under one new roof, due to go ahead in the second half of next year.
The bank, also the world's largest wealth management house, is putting all its Singapore operations under one new roof, due to go ahead in the second half of next year.
In what has been a busy period for Schroders in terms of joint ventures and an M&A deal, it talks about its recent Asia-focused deal with Citibank.
The move is part of steps by banks, such as rival UBS, to gain more of a foothold into the mainland China financial and wealth management industry.
The world's biggest democracy goes to vote and wealth managers appear - for now - relaxed about the likely result, to be announced in a week's time.
The private bank has named a senior UHNW private banker to head up business in Southeast Asia.
The banking group, which operates in a number of jurisdictions, has a new chairman after the lender's annual shareholder meeting this week.
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The bank, also the world's largest wealth management house, is putting all its Singapore operations under one new roof, due to go ahead in the second half of next year. ...
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