UBS named Best Global Private Bank again in magazine awards

UBS' Mr Edmund Koh attributed the bank's success to training and development.
UBS' Mr Edmund Koh attributed the bank's success to training and development.

UBS was once again named Best Global Private Bank and Best Bank in Asia at the Global Private Banking Awards last week.

The bank also took awards for the Best Brand and Best Private Bank for Use of Technology at the awards, run by magazines Professional Wealth Management and The Banker.

UBS, which says it is the largest wealth manager in the world and in the Asia-Pacific by assets under management, said it is optimistic of the future growth in Asia's wealth.

Mr Edmund Koh, head of UBS Wealth Management for South-east Asia and the Asia Pacific Hub, said: "Asia represents the next wave of growth, with Asia accounting for 36 per cent of self-made billionaire wealth, outstripping Europe for the first time in UBS PwC Billionaire Report 2015."

The bank says its assets under management of two trillion Swiss francs (S$2.82 trillion) are the largest among global wealth managers.

Mr Koh noted how the traditional private banking model continues to evolve, with today's clients demanding a rapid investment process and an active advisory approach to allow them to make timely decisions even during turbulent times.

He attributed UBS' success to training and development.

A version of this article appeared in the print edition of The Straits Times on November 09, 2015, with the headline 'UBS named Best Global Private Bank again in magazine awards'. Print Edition | Subscribe