Superpowers Elude UBS Wealth Megadivision

«It will mean improved efficiency, more sharing of best practices, greater returns on our investments and enhanced client service», Ermotti said when disclosing the move.


Wealthy Asians to favour cash and gold, survey shows

In particular, 22% of wealth managers expect the political and economic environment in the country to make it easier for clients to create and protect wealth in 2019, as opposed to merely 11% in 2018.


Swiss Bankers Head for China

The project has been received skeptically by the U.S. Switzerland's role isn't clear – the memo won't be made public until the pact is inked later this month.


Australia's wealth takes half trillion hit

"This combined with falling housing values and the uncertainty around the coming Federal election has the potential to further negatively impact household wealth."


Morgan Stanley pushes in Asia with hiring drive

This typically results in a compensation to revenue generated ratio that is two to three times higher than under a discretionary model, a former private banker told the publication.