Reuters was first to report UBS Group plans to set up a wholly owned mutual fund business in China, as the Swiss bank seeks to expand its footprint in the country’s $3.9 trillion retail fund market. The bank’s asset management arm began hiring key personnel in recent months for the planned business, including a head of the company.
Economy
Reuters reveals UBS plans to expand China footprint with new mutual fund unit
27 July 2022, 2:36 pm 1 minute
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Customer Impact: Significant National Story