Who wants to see a billionaire ?
'We have a penetration of one in two billionaires in the world', Chief Executive Officer Sergio Ermotti told analysts and reporters Tuesday. 'In Asia, this was much deeper'.
UBS is targeting affluent clients in emerging markets as indebted economies and a crackdown on offshore tax evasion cloud European growth prospects.
The bank ranked No. 1 globally by client assets by Scorpio Partnership, is boosting business with ultra-wealthy families with at least $54m of investable assets.
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