UBS to add 50 wealth bankers in Hong Kong – report

UBS Group is set to hire about 50 bankers for its Hong Kong wealth management operation, reported Bloomberg citing Asia Pacific wealth management co-head Amy Lo. This comes after the North Asia business contributed record revenues last year, noted the news agency. Amy Lo said: “A lot of the hiring will be focused on high net-worth because for the last few years, we’ve been focusing so much on ultra-high net-worth and billionaires.” The rise was supported by activity in Hong Kong’s initial public offeri ...