UBS Zurich
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










UBS Appoints Investment Banking Head Keith Truelove as President of UBS Asset Management Succeeding Keiichi Miki Who is Retiring after a 40-Year Career, Keith Truelove is Co-Head of UBS Japan Securities, Previously with Morgan Stanley, Mizuho Securities & SMBC Nikko Securities, UBS Global Markets Japan to be Led Jointly by Naohiro Kuroda & Sean McCarthy

22nd May 2024 | Hong Kong

UBS has appointed investment banking head Keith Truelove as President of UBS Asset Management (1/6/24), succeeding Keiichi Miki who is retiring after a 40-year career.  Keith Truelove is currently the Co-Head of UBS Japan Securities, and was previously with Morgan Stanley, Mizuho Securities & SMBC Nikko Securities.  With Keith Truelove appointment to UBS Asset Management, UBS Global Markets Japan will be led jointly by Naohiro Kuroda & Sean McCarthy.  Earlier in April 2024, UBS & Sumitomo Mitsui Trust joint venture in Japan UBS SuMi Trust Wealth Management will be integrating Credit Suisse Securities Japan, with UBS Securities Japan owning 51% stake & Sumitomo Mitsui Trust with 49% stake in the joint venture UBS SuMi Trust Wealth Management in Japan.  After the integration, clients will require a minimum of $2 million.  In March 2024, UBS has been reported to be planning to close Credit Suisse private bank accounts for clients with below $2 million AUM (Assets under Management) in APAC Wealth Management.  

“ UBS Appoints Investment Banking Head Keith Truelove as President of UBS Asset Management Succeeding Keiichi Miki Who is Retiring after a 40-Year Career, Keith Truelove is Co-Head of UBS Japan Securities, Previously with Morgan Stanley, Mizuho Securities & SMBC Nikko Securities, UBS Global Markets Japan to be Led Jointly by Naohiro Kuroda & Sean McCarthy “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

UBS Asset Management Head Of Institutional Client Coverage, Andy Toscan: “We are delighted to welcome Keith to Asset Management,» commented.  I am confident that our clients will benefit from Keith’s extensive knowledge and network that he has built over the past 25 years working with institutions active in Japan.”

 

 

UBS & Sumitomo Mitsui Trust Joint Venture in Japan UBS SuMi Trust Wealth Management to Integrate Credit Suisse Securities Japan, UBS Securities Japan with 51% Stake & Sumitomo Mitsui Trust with 49% Stake, Clients Require Minimum of $2 Million after Integration

UBS Zurich

10th April 2024 – UBS & Sumitomo Mitsui Trust joint venture in Japan UBS SuMi Trust Wealth Management will be integrating Credit Suisse Securities Japan, with UBS Securities Japan owning 51% stake & Sumitomo Mitsui Trust with 49% stake in the joint venture UBS SuMi Trust Wealth Management in Japan.  After the integration, clients will require a minimum of $2 million.  In March 2024, UBS has been reported to be planning to close Credit Suisse private bank accounts for clients with below $2 million AUM (Assets under Management) in APAC Wealth Management.

 

 

UBS to Close Credit Suisse Private Bank Accounts for Clients with Below $2 Million AUM in APAC Wealth Management, UBS Wealth Management Cuts Around 70 People Including Private Bankers in Asia in Hong Kong & Singapore

21st March 2024 – UBS has been reported to be planning to close Credit Suisse private bank accounts for clients with below $2 million AUM (Assets under Management) in APAC Wealth ManagementEarlier in March 2024, UBS Wealth Management has been reported to cut around 70 people including private bankers in Asia in Hong Kong & Singapore (UBS Wealth Management reported 1,101 client advisors at the end of 2023).  In February 2024, UBS was reported to be planning to cut investment banking & private banking jobs with 90 job cuts in Asia, of which around 25 private bankers & investment solutions team in Greater China & Singapore may be affected.  In February 2024, UBS reported $29.9 billion net profit for FY2023 (including $28.925 billion negative goodwill), and announcing UBS Global Wealth Management targeting $5 trillion AUM by 2028.  UBS & Credit Suisse merger is also scheduled to complete by 2024.  More info below:

 

 

UBS Wealth Management Cuts Around 70 People Including Private Bankers in Asia in Hong Kong & Singapore, UBS Wealth Management Reported 1,101 Client Advisors at the End of 2023, Global Wealth Management Targets $5 Trillion AUM by 2028

UBS Zurich

14th March 2024 – UBS Wealth Management has cut around 70 people including private bankers in Asia in Hong Kong & Singapore (UBS Wealth Management reported 1,101 client advisors at the end of 2023).  In February 2024, UBS was reported to be planning to cut investment banking & private banking jobs with 90 job cuts in Asia, of which around 25 private bankers & investment solutions team in Greater China & Singapore may be affected.  In February 2024, UBS reported $29.9 billion net profit for FY2023 (including $28.925 billion negative goodwill), and announcing UBS Global Wealth Management targeting $5 trillion AUM by 2028.  UBS & Credit Suisse merger is also scheduled to complete by 2024.  In February 2024, Morgan Stanley had also been reported to be cutting hundreds of jobs in Wealth Management, Nomura reported to cut around 60 investment banking jobs, joining Bank of America, UBS, Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to cut investment banking jobs.  In January 2024, Bank of America had also announced job cuts including around 20 investment banking jobs in Asia, with majority of the cuts affecting Hong Kong-based bankers (China deals).  Senior investment bankers affected include Winnie Ng (Head of Hong Kong coverage & Co-Head of APAC Real Estate, Gaming & Losing) and Jessica Li (Head of Asia Healthcare).

 

 

Morgan Stanley to Cut Hundreds of Jobs in Wealth Management, UBS to Cut Investment Banking & Private Banking Jobs with 90 Job Cuts in Asia

Morgan Stanley Headquarters Time Square Broadway

15th February 2024 – Morgan Stanley had been reported to be cutting hundreds of jobs in Wealth Management, joining UBS in planning to cut investment banking & private banking jobs with 90 job cuts in Asia, of which around 25 private bankers & investment solutions team in Greater China & Singapore may be affected.  Nomura had also been reported to cut around 60 investment banking jobs, joining Bank of America, UBS, Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to cut investment banking jobs.  In January 2024, Bank of America had also announced job cuts including around 20 investment banking jobs in Asia, with majority of the cuts affecting Hong Kong-based bankers (China deals).  Senior investment bankers affected include Winnie Ng (Head of Hong Kong coverage & Co-Head of APAC Real Estate, Gaming & Losing) and Jessica Li (Head of Asia Healthcare).

 

 

UBS to Cut Investment Banking & Private Banking Jobs with 90 Job Cuts in Asia, Around 25 Private Bankers & Investment Solutions Team in Greater China & Singapore May be Affected

UBS Zurich

1st February 2024 – UBS has been reported to be planning to cut investment banking & private banking jobs with 90 job cuts in Asia, of which around 25 private bankers & investment solutions team in Greater China & Singapore may be affected.  Nomura has also been reported to cut around 60 investment banking jobs, joining Bank of America, UBS, Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to cut investment banking jobs.  In January 2024, Bank of America had also announced job cuts including around 20 investment banking jobs in Asia, with majority of the cuts affecting Hong Kong-based bankers (China deals).  Senior investment bankers affected include Winnie Ng (Head of Hong Kong coverage & Co-Head of APAC Real Estate, Gaming & Losing) and Jessica Li (Head of Asia Healthcare).

 

 

Nomura Cuts 60 Investment Banking Jobs, Joins Bank of America, UBS, Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to Cut Investment Banking Jobs

31st January 2024 – Nomura has cut around 60 investment banking jobs, joining Bank of America, UBS, Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to cut investment banking jobs.  In January 2024, Bank of America has announced job cuts including around 20 investment banking jobs in Asia, with majority of the cuts affecting Hong Kong-based bankers (China deals).  Senior investment bankers affected include Winnie Ng (Head of Hong Kong coverage & Co-Head of APAC Real Estate, Gaming & Losing) and Jessica Li (Head of Asia Healthcare).  UBS has also been reported to be preparing to cut investment banking jobs, joining Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to cut investment banking jobs.

 

 

Bank of America Cuts 20 Investment Banking Jobs in Asia, UBS to Cut Investment Banking Jobs, Joins Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to Cut Investment Banking Jobs

24th January 2024 – Bank of America has announced job cuts including around 20 investment banking jobs in Asia, with majority of the cuts affecting Hong Kong-based bankers (China deals).  Senior investment bankers affected include Winnie Ng (Head of Hong Kong coverage & Co-Head of APAC Real Estate, Gaming & Losing) and Jessica Li (Head of Asia Healthcare).  UBS has also been reported to be preparing to cut investment banking jobs, joining Credit Suisse, JP Morgan, Goldman Sachs & Citigroup to cut investment banking jobs.

 

 

Credit Suisse Cuts Around 80% of Investment Banking Staff in Hong Kong, Earlier Reports of UBS & Credit Suisse to Cut Investment Banking Jobs in Asia in July 2023, Joins JP Morgan, Goldman Sachs & Citigroup to Cut Investment Banking Jobs

Credit Suisse Zurich

11th August 2023 – Credit Suisse has cut around 80% of investment banking staff in Hong Kong, with earlier reports of UBS & Credit Suisse planning to cut investment banking jobs in Asia in July 2023.  Credit Suisse, which had merged into UBS (June 2023), joins JP Morgan, Goldman Sachs & Citigroup in cutting investment banking jobs. By June 2023, JP Morgan has cut 20 investment banking jobs in Asia, and Goldman Sachs had been reported to be cutting 30 investment banking jobs in Asia, and Citigroup to be cutting 50 investment banking & corporate banking jobs in United Kingdom.

 

 

UBS & Credit Suisse to Cut Investment Banking Jobs in Asia in July 2023, Joins JP Morgan, Goldman Sachs & Citigroup to Cut Investment Banking Jobs

22nd June 2023 – UBS recently-acquired Credit Suisse will be cutting investment banking jobs in Asia in July 2023, joining JP Morgan, Goldman Sachs & Citigroup in cutting investment banking jobs.  JP Morgan has cut 20 investment banking jobs in Asia, and Goldman Sachs had been reported to be cutting 30 investment banking jobs in Asia, and Citigroup to be cutting 50 investment banking & corporate banking jobs in United Kingdom.

 

 

JP Morgan Cuts 20 Investment Banking Jobs in Asia, Joins Goldman Sachs in Cutting 30 Investment Banking Jobs in Asia & Citigroup to Cut 50 Investment Banking & Corporate Banking Jobs in UK

JP Morgan Hong Kong

21st June 2023 – JP Morgan has cut 20 investment banking jobs in Asia (19th June 2023), joining Goldman Sachs & Citigroup in cutting investment banking jobs.  Earlier in June 2023, Goldman Sachs had been reported to be cutting 30 investment banking jobs in Asia, and Citigroup to cut 50 investment banking & corporate banking jobs in United Kingdom.

 

 

Goldman Sachs to Cut 30 Investment Banking Jobs in Asia, Citigroup to Cut 50 Investment Banking & Corporate Banking Jobs in UK

Goldman Sachs, United States

15th June 2023 – Goldman Sachs has been reported to be cutting 30 investment banking jobs in Asia, and Citigroup to cut 50 investment banking & corporate banking jobs in United Kingdom.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleSingapore MAS & People’s Bank of China to Advance Cooperation in Green & Transition Finance, Mapping of Singapore Asia Taxonomy to be Completed by End of 2024, Green Corridor to Facilitate Financing Flows Between Singapore & China Including Green Panda Bond Issuances, Metaverse Green Exchange & Beijing Green Exchange Carbon Accounting & Decarbonization Rating Platform to Support Singapore & China Financial Institutions in Structuring Green Financing Solutions 
    Next articleSingapore $2.2 Billion Money Laundering – Sole Female & Arrested Lin Baoying to Plead Guilty Including Providing Forged Documents to Justify $27 Million Source of Funds Including $15.7 Million in CIMB Bank, $9.6 Million in Standard Chartered Bank, $1.6 Million in Both OCBC & UOB Kay Hian, Forged Tax Payment Certificate to Julius Baer
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia