An initiative by UBS could potentially unearth a pipeline of future financial services talent in Taiwan as Asia's leading wealth manager and a leading tertiary institution announce a new tie up.
Switzerland's largest bank UBS and the National University of Taiwan (NTU) have signed an agreement to launch the NTU-UBS Youth Talent Program.
Targeting 100 students in their second and third years in the Department of Economics of NTU, the three-year sponsorship project, «The Practice of Financial Sector and Industry», is scheduled to begin in March 2017. It will be supported by members of UBS' senior management.
The program, to be run over five months, will cover asset management, international economics, investment banking and wealth management.
Strengthen The Talent Pipeline Across Asia
Courses will be hosted by executives from across UBS's businesses, with office visits at the end of the program. Students participating in the course will also be eligible for UBS group's internships program.
By exposing interested students to potential banking and finance careers at the pre-tertiary level, UBS aims to strengthen the talent pipeline across Asia and support continued growth of this sector.
Singapore Roll Out
In June 2015 UBS rolled out the inaugural UBS Youth Finance Academy, a program that introduced pre-tertiary students to the world of finance and business. The Swiss bank marked the milestone with 50 graduates from 18 pre-tertiary institutions in Singapore. It was also to celebrate the 50th anniversary of UBS in Asia and the 50th anniversary of Singapore.
«We are proud to be associated with one of the best universities globally, the National University of Taiwan. The partnership underlines UBS's close-to-30-year commitment to Taiwan and to developing new talent to promote sustainability in the industry,» said Dennis Chen, Group Managing Director and Country Head of UBS Taiwan.
UBS has had a presence in Taiwan since 1988 and is the only firm granted two wealth management licenses to open bank branches in Taichung and Kaohsiung in 2008.