As part of the ongoing integration with Credit Suisse, UBS’ wealth management arm will now look to migrate client accounts in Singapore and Japan.
In October, UBS completed the migration of global wealth management client accounts in Luxembourg and Hong Kong to its own platform, according to an announcement in its third quarter results. It now plans to migrate its client accounts booked in Singapore and Japan before the end of 2024, completing the process for three major Asian hubs.
In Switzerland, the bank expects the next phase of wealth as well as personal and corporate banking client account migrations to occur in the second quarter of 2025.
According to UBS, it continues to «make progress related to the integration of Credit Suisse, with the current focus on client account and platform migrations». Earlier this month, CEO Sergio Ermotti said that the full migration of clients would take another 18 months.
