UBS to boost Asia-sourced assets to 20% in five to six years, CEO says

HONG KONG: UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six years, Chief Executive Sergio Ermotti said on Tuesday.

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This would be up from around 15% of its $5.2 trillion assets the Swiss banking giant currently manages globally, according to Ermotti who spoke at the Milken Institute Global Investors’ Symposium held in Hong Kong.