UBS Is Number One Wealth Manager In Asia-Pacific - Rankings

Tom Burroughes

14 October 2013

The last few years have been tough on UBS – although it has recovered ground since 2008 - but the Swiss banking titan has cause for some satisfaction with rankings showing it was the biggest Asia-Pacific manager of high net worth clients’ assets in 2012.

The Zurich-listed bank headed a recent ranking of Asia-Pacific private banks, with $215 billion in assets under management, an increase of 20 per cent from 2011 at .

In second place, is Citi Private Bank ($210 billion of AuM), followed by Credit Suisse ($117 billion); HSBC Private Bank ($110-115 billion); JP Morgan ($60-75 billion); Julius Baer ($60 billion); Morgan Stanley ($58 billion); Deutsche Bank ($50 billion); DBS $46 billion); OCBC (including Bank of Singapore) ($43 billion); BNP Paribas ($43 billion); Standard Chartered ($35 billion); Barclays ($30 billion); Pictet ($20-$30 billion); EFG ($16 billion); ABN AMRO ($15 billion); Sarasin ($15 billion); Societe Generale ($15 billion); Coutts ($14 billion), and UOB ($11-$15 billion).

The authors of the table say these are based on figures from the second quarter of 2012, where publically available. Where a range of assets under management is used, the lower figure is taken in calculating AuM. The report said figures are not available for Goldman Sachs; Chinese private banks are not included as most operate largely onshore Chinese businesses.