UBS's Shih puts AM at heart of China strategy

As part of plans to add hundreds of new staff with a view to expanding in China, UBS will place a particular emphasis on asset management, says Kathryn Shih, newly appointed president for Asia Pacific. Having taken up the role at the start of the year, Shih said UBS saw a lot of growth potential in asset management as part of its regional plans, which also incorporate wealth management and investment banking (for more on the latter, see this article on FinanceAsia today). “As al…