Taipei, 29 May 2015 – UBS Wealth Management announced today that its application to launch a new wealth management service, UBS Advice, had been approved by the Taiwan Financial Supervisory Commission.

Already available to UBS clients in Hong Kong and Singapore, UBS Advice will soon be available in Taiwan to offshore high net worth individuals allowing them to negotiate an increasingly fast moving and risky globally interlinked market.

According to the Wealth X and UBS Billionaire Census 2014, the growth of billionaire wealth in Asia outpaced that of any other region globally. In Taiwan, billionaire wealth surged by 14%, and the country accounted for 3% of the net increase in billionaire wealth in the region in 2014.

"UBS Advice provides our clients with an enhanced client experience. As an active investment manager, our priority is to help clients not only preserve their wealth but also achieve their desired investment performance," said CHANG Lin-yun, Head of UBS Strategic Investment Taiwan.

"Supported by state-of-the-art technology, previously available only to institutional clients, UBS Advice, offers a unique experience to wealth management clients in Taiwan."

Dennis CHEN, Group Managing Director and Head of Wealth Management Taiwan added:  "With its structured advisory approach, the service has the potential to transform the wealth management business in Taiwan."

UBS Advice will be launched in July 2015.

Notes for editors

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland, complemented by its global asset management business and its investment bank, with a focus on capital efficiency and businesses that offer a superior structural growth and profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS Group AG employs about 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

About UBS Wealth Management Taiwan

UBS has had a presence in Taiwan since 1988, and has offered wealth management solutions to high net worth individuals since 2000. In 2008, UBS WM Taiwan was granted licenses to open bank branches in Taichung and Kaohsiung. UBS WM Taiwan was named Best Domestic Private Bank in Taiwan by Asian Private Banker in 2013 and 2014.

Media contact

Angel Yeung +886 2 8722 7265 /+852 97250297; angel.yeung@ubs.com 

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