UBS Changes Southeast Asia Management Structure
UBS has changed the structure of its wealth management activities in South East Asia. This will take effect from January onwards. All the Market Heads in Singapore, Philippines, Thailand and Malaysia will now report directly to August Hatecke, the overall Head of Wealth Management in the region.
The restructuring is done in a bid to make the Swiss private bank more efficient.
News Source: Finews Asia
UBS Group AG (NYSE:UBS) is a global firm providing financial services to private, corporate and institutional clients. It was founded in 1862 and merged several times prior to 1998, when the Union Bank of Switzerland merged with Swiss Bank Corporation – become UBS Group AG. The operational structure of the Group is comprised of Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The UBS Group is present in all major financial centers and has offices in over 50 countries.
- Origin : Zurich, Switzerland
- Assets : CHF 942.82 billion
- Revenue : CHF 30.61 billion
- Employees : 60,000
Official Website: www.ubs.com
News & Media: Press Release
Updated on 8th August 2016