(Bloomberg) -- UBS, Switzerland's biggest bank, hired 88 advisors this year to service rich Asian clients after assets at its wealth management business in the region jumped 38% in the past two years.
The recruits, who will be based in Hong Kong, boost the number of UBS client advisors in Asia to 1,120, the biggest pool since the bank started its operations in the region, according to Kathryn Shih, head of the firms Asia-Pacific wealth management business. The total is more than 8% higher than at the end of 2013, Shih said in an e-mail yesterday.
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