UBS creates new Greater China business

By Rashmi Kumar
24 May 2018

UBS has merged its corporate client solutions team for China with the Hong Kong and Taiwan unit, according to an internal memo seen by GlobalCapital Asia.

The move comes after the Swiss bank said it would increase its stake in UBS Securities, its joint venture in mainland China, to 51%. It was the first international bank to submit plans for approval to China’s regulatory body following the relaxation of foreign ownership limits on securities ...

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