UBS unit follows the flow of money

As net money flows into the Asia-Pacific continue, the wealth management unit of Swiss bank UBS is aiming to tap the investment market by growing its business at double the rate of gross domestic product expansion in the region.

Jürg Zeltner, the chief executive of UBS Wealth Management, said he expected the bank's invested assets in the Asia-Pacific to reach 20 per cent or more of its total assets under management in the medium to long term, almost double their level of 12.2 per cent at the end of last year.

via Business feed http://www.scmp.com/business/banking-finance/article/1214828/ubs-unit-follows-flow-money