Market Chatter: UBS Aims to Hire 50 Wealth Bankers in Hong Kong

MT Newswires Live

02/09

UBS Group (UBS) intends to hire roughly 50 bankers for its wealth management business in Hong Kong after a strong performance by its North Asia business last year, Bloomberg News reported Monday, citing a senior executive.

The hiring will mainly focus on high net worth clients, following recent years spent targeting ultra-wealthy individuals, the news outlet reported, citing Amy Lo, co-head of Wealth Management for Asia Pacific.

UBS didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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