Delivering excellence in advice

“Providing superior investment advice and solutions for your wealth remains our top priority, even when operating in a testing economic environment.”

Dear Valued Client,

I am proud to share the latest news that UBS has been awarded ‘Best Private Bank’ by FinanceAsia for the third consecutive year. This award comes hot on the heels of the announcement that UBS has been named ‘Best Global Private Bank,’ ‘Best Private Bank in Asia,’ ‘Best Brand in Private Banking’ and ‘Best Performing Private Bank’ in FT’s Global Private Banking Awards 2013*.

We are privileged to have won these awards, which are testament to the strength of our Wealth Management business, to the expertise and experience we have built up in this region, and most importantly, your unwavering support and confidence. Thank you for your support throughout 2013.

Our client promise to provide superior investment advice and solutions for your wealth remains our top priority, even when operating in a testing economic environment.

Delivering on our client promise encompasses all aspects of your experience with UBS, from receiving your much improved client statement, to the key  CIO predictions that have delivered good returns in 2013. US stocks are up over 26% since it was upgraded in January and more recently, Eurozone stocks are up about 10% in the two months since CIO upgraded the region’s equities market. In Fixed Income, our strong preference for US high-yield bonds has paid off as well, with the asset class returning almost 7% this year, while most other bond classes struggled to deliver positive returns.

In this issue, our CIO Asia Pacific Regional Head, Tan Min Lan, shares the outlook for the investment environment in early 2014, and how you can potentially optimize your portfolio. Hear from Alex Kobler, Head of Investment Products & Services Asia Pacific, on how a new unique investment process with a simple fee structure, to be launched in early 2014, will enable you to manage your portfolio with the support of regular tailored advice from your client advisor. Elsewhere, Mona Sutphen from UBS Americas looks at the government shutdown in October, the looming US budget negotiations, and advises on the potential implications for investors.

We look forward to welcoming you at the upcoming ‘UBS Wealth Insights’ forums and global outlook series to be held around the region in January. These investment forums are inspired by UBS’s desire to bring our CIO House View alongside independent, insightful content from global experts and renowned opinion leaders to you. For further information on the conference, please contact your Client Advisor.

As this year draws to a close, I wish all our readers an enjoyable festive season, and a happy and prosperous new year.

Yours sincerely,

Kathryn Shih

CEO, Wealth Management
Asia Pacific

We hope that you find UBS Perspectives useful reading. If you have feedback on any of the articles printed in this edition, or suggestions for future issues, please contact the Editor at