UBS to Hire 50 Hong Kong Wealth Bankers After Record Revenue Year

UBS Group AG plans to hire about 50 bankers for its wealth business in Hong Kong after its North Asia wealth business raked in record revenues last year, according to a senior executive.

“A lot of the hiring will be focused on high net-worth because for the last few years, we’ve been focusing so much on ultra-high net-worth and billionaires,” Amy Lo, co-head of wealth management for Asia Pacific, said in an interview.