UBS is in to billionaires

Pot Of Gold

Who wants to see a billionaire ?

Bloomberg News reports that UBS, which is focusing on its wealth management unit, said it has a business relationship with as many as eight out of 10 billionaires in Asia.

'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.

Hit the link below to access the complete Bloomberg article:

UBS Has Relationship With 80% of Asia’s Billionaires

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