As clients seek diversification across markets amid geopolitical tensions, “our global wealth management in the Asia-Pacific region recorded the highest net new asset growth to [US$11.1 billion] in the second quarter among all regions”, said Amy Lo Choi-wan, the firm’s chairman of global wealth management in Asia and CEO of UBS Hong Kong. She spoke at the bank’s annual disruptive technology CEO summit in Hong Kong.
“The set of strong results demonstrate how we have continued to stay close to our clients, in a quarter that started with extreme volatility,” she said.
The milestone followed UBS’ acquisition of Credit Suisse, which closed in 2024. By the end of that year, Asia-Pacific became the first region where UBS completed the integration of all Credit Suisse clients across different divisions – wealth management, investment banking and asset management, the bank said.
“It’s all about exploring the groundbreaking innovations and transformative ideas that are shaping the world of tomorrow,” said Iqbal Khan, co-president of UBS Global Wealth Management and president of UBS Asia-Pacific. The summit welcomed a record-breaking 1,500 participants, he added.
