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Strong Apac wealth creation boosts UBS’ profitability and assets to new record
In the first quarter, UBS’ Asia-Pacific business hit a record in pre-tax profit of US$600 million, a surge of 40% year on year.
“Post integration, everyone expected us to shrink, but we’ve proved we’re able to grow,” said Young Jin Yee, co-head of UBS global wealth management for the Asia-Pacific.
