UBS Wealth Management's invested assets exceed CHF 300 billion in Asia Pacific

Singapore, 08 May 2017 – Invested assets of UBS's wealth management division in Asia Pacific grew from CHF 266 billion in first quarter 2016 to CHF 311 billion in first quarter 2017, making UBS the first wealth manager in the region to exceed the CHF 300 billion milestone.

"We achieved a key milestone and saw continued strong growth with a record adjusted profit before tax growth of in excess of 30% year-on-year to CHF 263 million and invested assets of over CHF 300 billion for the first time. As the results show, Asia remains an area of growth for UBS. We plan to consolidate our growth in the region by sharpening our focus on China, Japan, and Taiwan, as well as the regional wealth management hubs, Hong Kong and Singapore," said Edmund Koh, Head UBS Wealth Management, Asia Pacific.

Asia is one of the most important sources of new business opportunities for UBS globally. Over the last year, UBS opened a branch in Shanghai and another in Kowloon, its first branch in Hong Kong outside the central business district.

"These achievements are thanks to the trust and confidence of our clients and the dedication and hard work of our employees. Our scale and commitment has allowed us to build one of the largest and highest caliber multi-lingual wealth management teams in the region since we first established a presence in Asia more than 50 years ago. Our focus on digital innovation allows us to stay at the forefront in today's changing business environment and to provide a more client-centric experience," said Koh.

As many of our Asian wealth management clients are entrepreneurs, they require a global bank with not only leading wealth management services but also the capabilities to advise on and execute complex corporate transactions. With our strong investment banking team globally and in the region, we are the natural partner for M&A, IPOs, and other capital raising activities. We are also seeing the first handover of wealth in Asia - around 460 of the billionaires in the markets covered are expected to pass USD 2.1 trillion to the next generation in the next 20 years according to UBS/PwC Billionaires Report 2016.

UBS Wealth Management is Asia Pacific's leading global wealth manager with CHF 311 billion in invested assets and more than 1,000 client advisors in the region. Its footprint spans across 12 wealth management offices in 10 locations and 3 trading outlets in China which belong to UBS Securities which serve wealth management clients.

UBS Group AG

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.

UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).