UBS sets up new local team to serve Australian and Japanese clients

UBS Group (UBS) has set up offshore offices in Singapore to meet the needs of the Group's customers in Australia and Japan.

Bloomberg reported that Yang Jingyi, co-head of the Asia-Pacific region of UBS Wealth Management, pointed out when attending the Financial Times' wealth management forum held in Singapore on Thursday (March 13) that the domestic wealth scale of Australia and Japan is growing. In addition to the current business that UBS has set up in two countries, customers can now get services from Singapore's brand new team.

This is another move by UBS to continue to deepen its deployment in the Asia-Pacific region, and the Group has always regarded the region as the focus market for long-term wealth management business. After taking office, Iqbal Khan, global co-president of UBS Wealth Management and president of UBS Asia Pacific, moved from Zurich to Hong Kong, highlighting the importance of the Asia-Pacific regional market to the group.

UBS evacuated its wealth management business from Australia about 10 years ago, last year it reopened its local business with the merged Credit Suisse.

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