HONG KONG : Swiss private bank Union Bancaire Privée (UBP) is set to expand its Asia wealth management team's headcount by 50 per cent this year, betting on growth opportunities driven by the increase in affluent investors, its regional chief executive told Reuters.The bank has already met two-thirds of
HONG KONG : Swiss private bank Union Bancaire Privée is set to expand its Asia wealth management team's headcount by 50 per cent this year, betting on growth opportunities driven by the increase in affluent investors, its regional chief executive told Reuters.
The increase in the number of affluent and high net-worth investors in Asia has eclipsed that of peers in other regions, and that growth is likely to continue through 2026 and beyond, according to an Accenture report released in August. The Geneva-based bank manages a program in China called QDLP, or Qualified Domestic Limited Partnership, via its Haikou office, which allows the Chinese clients to invest in offshore assets.
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