At the same time, the Swiss asset manager also unveiled plans to move out of its 14-year third-party marketing agreement with Sydney-based Shed Enterprises as part of its Australian expansion strategy.
With trade wars, declining consumption and simmering political tensions impacting the market, there are still fortunes to be made with the right preparations, writes Martin-Blessing, co-president, UBS Global Wealth Management
Escalating trade tensions across the globe, increasing protectionism, and diverging monetary policy between the major central banks have coincided with more cautious investor positioning.
For Chen and his senior wealth management advisers that seems to involve an awful lot of legwork, tracking down Taiwan-born, high net-worth individuals (HNWs) and then pitching Yuanta’s case.
She continued, “A client’s luxury assets define who they are and should be protected just as much as their real estate, liquid funds and other investments.