UBS Tops Asia Private Banking League for Sixth Straight Year
- Swiss bank maintains first place even after assets decline
- Total assets of top 20 firms fall 3.6% to $1.63 trillion
This article is for subscribers only.
UBS Group AG topped the list of the 20 largest wealth firms in Asia for the sixth consecutive year even as assets under management declined in the region, Asian Private Banker said.
While the Zurich-based bank continued to dominate the regional top spot by a wide margin, with assets totaling $357 billion last year, Credit Suisse Group AG slightly narrowed the gap, the Hong Kong-based publication said on its website. UBS saw assets under management decline about 7 percent, while Credit Suisse’s assets edged up 1.5 percent to $205 billion.