The Swiss firm will set up funds in Hong Kong for the mutual recognition scheme as part of its China buildout. Meanwhile, its Asia head flags potential capacity issues for some alternative assets.
The Swiss bank’s asset management unit has appointed industry veteran Julie Koo in a new role as head of institutional distribution for Asia Pacific.
The head of its Asian asset management arm, Rene Buehlmann, outlines his views on the key industry drivers and where his firm will be looking to make an impact in the future.
The wealth management unit is set to announce the promotion of Adrian Schatzmann to the role. He will relocate to Zurich, with UBS seeking a replacement in Asia.
Incoming Asia-Pacific head at UBS Global Asset Management, Rene Buehlmann, plans to use insights from two decades at the Swiss bank to continue to build the regional business.
Contact between product selectors and relationship managers in a client setting may be inappropriate, says LGT. Gatekeepers must focus on recommendations, not asset-raising.
They agree performance is paramount, but while some see brand names as key to fund sales, others see it as a retail game and suggest wealthy clients even prefer boutiques.
Private bankers are not expecting commission- or retrocession-free rules in Asia soon. Fee-for-advice is possible within a decade, but firms may need to package it with additional services.
The firm is repositioning its alts offering in response to demand. Global head of investment funds, Rene Buehlmann, says asset managers can do better in talking up globally diversified product.