UBS has become the latest overseas wealth management provider to turn its attention to Taiwan, announcing plans to double the size of its private banking assets there by 2009. UBS head of Taiwan wealth management, Dennis Chen, told Reuters that the bank had ambitions to boost its share of the Taiwanese wealth market, the third largest in Asia, from 1 per cent currently to 10 per cent by 2015. UBS currently manages $70 billion in assets in Taiwan.