UBS expands presence in Hong Kong with new office in Kowloon

Hong Kong, 15 June 2015 - Following its 50-year anniversary in Hong Kong last year, UBS today announced plans to open a new office at One Peking Road in Kowloon early in 2016. UBS's first office outside Hong Kong's central business district will support the provision of wealth management services to entrepreneurs and other client segments in Kowloon and the New Territories. 

"We are delighted to announce plans to open a new office at One Peking Road in Kowloon.  High net worth entrepreneurs in Kowloon represent a significant and largely untapped opportunity for UBS. Underscoring our commitment in Hong Kong, the location is an ideal base from which to reach clients based in both Kowloon and the New Territories," said Amy LO, Head of UBS Wealth Management Greater China, and Head and Chief Executive of UBS Hong Kong. 

UBS Wealth Management is the largest wealth manager in Asia Pacific in terms of invested assets, and the region remains one of the fastest growing for both the Wealth Management business and the UBS Group. The new office will present significant opportunities for UBS to expand strategically in the Hong Kong domestic market and enhance its offering to clients there. 

"Entrepreneurs remain the life-blood of Hong Kong's success and have always been a key client segment for UBS. Typically, they require advice not only for personal investments but also with regard to business expansion, wealth succession, and retirement planning. Our integrated bank offering is well placed to cater for these needs with a holistic range of products and services," added Lo.

Located at One Peking Road, Tsim Sha Tsui, the new office has a total gross floor area of over 23,000 sq. ft. One floor will have around 100 seats while the other will be used for client meetings and events. 

In a related move, prominent advertising signage installed on the roof of the One Peking Road building is visible from Victoria Harbour and beyond. In addition, UBS plans to install a 12-storey-high wall advertising on the building in the next few months. 

"The rooftop signage and wall advertising will be the bank's largest outdoor advertisement in the world. The grade-A office building is a strategic location and represents an incredible opportunity for us to enhance brand awareness in the local market and increase our presence in Kowloon," Lo concluded.

UBS Group AG
UBS draws on its over 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).

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