One month on from opening a new branch in Shanghai, Asia’s largest wealth manager UBS, has now increased its Hong Kong capacity with a second office.
The new office located in Kowloon is expected to house a 100-strong team by year-end. It will be UBS's first office based outside Hong Kong's Central Business District. The firm recently leased a further floor of the new premises, which will have a total gross floor area of 36,000 square feet. Around 30 international contemporary art pieces selected from the UBS Art Collection, will also be on display at the new premises.
«The Kowloon office will be a platform from which we can better serve the domestic market particularly the first and second-generation entrepreneurs who have always been a key client segment for us,» said Edmund Koh, Head of Wealth Management, Asia Pacific.
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(Kathryn Shih, President Asia Pacific, Amy Lo, Head of Wealth Management Greater China and Country Head of Hong Kong, and Charles CK Yeung, Chairman of The Glorious Sun Holdings)
With approximately 400 client advisors in the city, Hong Kong is one of the most important regional hubs for UBS. UBS Wealth Management is the largest wealth manager in Asia Pacific with 272 billion francs under management as of 31 December 2015.
