UBS hires 88 more wealth managers in Asia Pacific since start of 2014

UBS said on Tuesday it has hired 88 client advisors in Asia Pacific since the start of the year, mostly in Hong Kong and Singapore, its key wealth management centres in Asia.

This brings the Swiss bank's client advisors in the region to 1,120, up 8 per cent from the end of 2013, it said.

This comes after UBS' wealth management assets grew 38 per cent to 218 billion Swiss francs (S$309 billion) over the last two years.

"UBS Wealth Management has one of the largest and most experienced teams of client advisers in the region," said UBS Wealth Management Asia Pacific's chief executive Kathryn Shih, who is based in Hong Kong.

"Asia Pacific continues to be one of the fastest-growing regions in the world for UBS and we continue to hire strategically in accordance with the growth needs of the business."