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UBS sweeps the board in Asia's largest client-voted private banking poll
Asiamoney's fifth annual private banking poll has named UBS Wealth Management the Overall Best Private Bank in Asia in a survey of high net-worth individuals across the region.
UBS won all three major regional categories, which are determined according to the size of clients' assets under management (AUM): US$1 million - US$5 million, US$5.01 - US$25 million and US$25 million and above.
"We are honoured to have been named the Best Private Bank in Asia by Asiamoney. The result is especially encouraging because it is based solely on client feedback. Through their votes, our clients articulated their confidence in the customized advice we offer as well as in our pro-active relationship management strategy. Despite the challenges of the past year, UBS has continued to focus on its clients and receiving the award is an endorsement of our continuing commitment to them and to the region," said Kathryn SHIH, Head of UBS Wealth Management, Asia Pacific.
"Now, more than ever, it is important to maintain regular and in-depth dialogue with clients. The scale and complexity of the current market downturn present specific challenges so we continue to make significant investments in training our client advisors to ensure not only that they are properly equipped to mitigate risk but also that they are well-positioned to advise on how best to take advantage of the unique investment opportunities thrown up in the current market downturn," concluded Shih.
The 2009 Asiamoney poll, the largest in the survey's five year history, garnered responses from 1,440 high net-worth individuals who have funds under management with private banks in Asia-Pacific. Results were further broken down according to countries with UBS also winning all asset classes in Hong Kong and Taiwan.
Earlier this year, UBS was named "Best Global Private Bank" for the sixth consecutive year by Euromoney.
Asiamoney, June 2009 Asiamoney survey is a direct poll of clients of financial services firms. The 2009 poll results were based on 1,440 valid votes. More information can be obtained from the Asiamoney website: Asiamoney.com
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