UBS Opens Beijing Huamao Sub-Branch

by swisscham in Bank, Finance, Insurance

UBS (China) Limited, UBS AG’s locally-incorporated wholly foreign-owned bank, on Wednesday opened its Beijing Huamao Sub-branch – UBS’s first ground-floor presence in Asia Pacific. UBS’s business strategy is centered on its pre-eminent global wealth management businesses backed by its position as a leading Swiss bank, complemented by its Global Asset Management business and its Investment Bank. As the world’s second-largest and Asia Pacific’s largest wealth management market, China is an important market for UBS and offers many business opportunities. “UBS sees great potential for its China wealth management business and building a strong domestic franchise remains a priority for UBS,” said Kathryn Shih, Head of UBS Wealth Management Asia Pacific.

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