UBS breaks ranks with push for mid-tier Asian millionaires

Published by Reuters  – 4th May 2017

UBS Group AG plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment.

Published by Asia First – 27th April 2017

Credit Suisse needs hundreds of fresh private bankers for its Asia-Pacific (APAC) operations, but hiring has been momentarily stopped at the Swiss bank. Based on Credit Suisse’s chief executive officer Tidjane Thiam’s statement in 2015, the bank needs to recruit 180 more bankers to meet its target of having 800 relationship managers (RM) in the APAC region by the end of 2018.

Published by The Business Times – 26th April 2017

China Merchants Bank, China’s largest private bank by assets, on Wednesday expanded its private banking business in Singapore.

Published by Finews.asia – 21st April 2017 

Switzerland’s largest bank UBS has opened a 1,200-seat support centre on the outskirts of Mumbai to reinforce its global businesses.