UBS Wealth Management was again named AsianInvestor's Private Bank Award of the Year for its continuing efforts to innovate and improve its offering.
Our next two most influential gatekeepers are Agnes Sng, who helps get Asia-centric funds on BNP Paribas's wealth platform, and Paul Stefansson, who leads UBS WM's portfolio specialists team in Singapore.
Current Southeast Asia head Edmund Koh will take up the new position, replacing Kathy Shih, who was also promoted recently.
The Asia-Pacific head of distribution at UBS tells AsianInvestor that the funds industry needs to specialise and streamline. The 30-year veteran says he wants to work with managers that have 'something different'.
BSI names new Asia chief; BlackRock adds equity PM; RBC WM hires head of discretionary; LaSalle creates Australia funds head role; AMP Capital continues revamp; Challenger replaces funds chief; RHB appoints retail head; Milbank opens Korea office; and Withers partners Khattar Wong.
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.
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.
The bank expects a rotation from Asian bonds to equities on valuation grounds, with its Asia-Pacific CIO Yonghao Pu saying it may look to develop more equity-related products.
Inflation in developed markets is inevitable and wealthy investors should prepare to get out of sovereign bonds, says UBS’s head of investment, Mark Haefele.
The long-serving CEO of UBS Global AM’s Asia-Pacific business is stepping down after leading the firm to a top-tier position in the region.
The wealth management division has appointed Valerie Chou with a hiring remit to deliver integrated bank solutions. It also brings in Linda Kwo as a team head for Hong Kong.
The bank has also appointed Edmund Koh to its global wealth management executive committee in a move seen as grooming him for future regional leadership.