UBS has opened a new office in Nagoya to serve high net worth clients in central Japan. Nagoya is the third wealth management office UBS has established in Japan, following the opening of its Osaka office in March 2006 and the launch of its Japan wealth management business in Tokyo in September 2004. The Nagoya office will enable UBS to broaden its client base in this key economic hub. Greater Nagoya, Japan’s third largest economic region, has a wealth pool comparable in size to that of Spain, according to UBS research. UBS now employs around 175 dedicated wealth management personnel in Japan and in May it inaugurated its full-year Japan Associate programme to train promising individuals with financial backgrounds to become client advisors. UBS’s Tokyo wealth management office will expand at the end of July with a move to the Shin Marunouchi Building and will occupy four times its current space.