Asia's largest wealth manager plans to diversify its top table by adding a significant Asian presence, more women and younger faces.
With growth in the Asia-Pacific a priority for Switzerland's largest bank is it just talk? UBS' chairman Axel Weber met with journalist from Asia recently at the bank's Bahnhofstrasse headquarters in Zurich.
During the session he expanded on his institutions commitment to the region and why pursuing opportunities, in particular in China, is the best strategy for UBS. finews.asia reported recently on Weber's aim of doubling headcount for the bank across its business in China.
Well Connected
The UBS chairman told the journalists «We need to be well connected to markets and key decision makers in Singapore, Hong Kong and mainland China.»
He also elucidated on the desire for more for diversity saying that UBS sought people of different ages, genders and professional backgrounds to join the board. «A third of our board members are female, but I would like to see this share go up to 50 percent to reflect civil society,» Weber added.
Weber also said he was in regular contact with many government officials and bankers in Beijing and Shanghai using UBS' own network to get a full picture of the situation in the country.
