UBS Group is returning to wealth management in Australia after it exited almost a decade ago, tapping the Credit Suisse franchise it bought to make a renewed charge.
The firm is targeting the rising number of rich women and family offices in the country, according to its local wealth chief. For a nation of less than 30 million people, it’s become a key market for UBS. As part of the firm’s wider Asia Pacific expansion goals, it plans to grow the more than $US30 billion ($46 billion) in high net-worth money it manages there.
