SINGAPORE, March 22 (Reuters) - UBS plans to raise its Asian wealth management headcount by 40 percent due to growth opportunities in the region, the Straits Times newspaper reported on Monday, quoting UBS CEO Oswald Gruebel.
Gruebel said the bank also planned to boost staff numbers in investment banking and asset management, but did not provide numbers in an interview with the paper last week.
'We are very bullish on the region and think it is one of the areas of the world which will have growth in the next few years and in contrast to Europe or America,' he said.
UBS has about 1,000 wealth managers in Singapore and Hong Kong out of a workforce of around 8,000 in the Asia Pacific.
(Reporting by Kevin Lim; Editing by Valerie Lee)
((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) Keywords: UBS CEO/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Gruebel said the bank also planned to boost staff numbers in investment banking and asset management, but did not provide numbers in an interview with the paper last week.
'We are very bullish on the region and think it is one of the areas of the world which will have growth in the next few years and in contrast to Europe or America,' he said.
UBS has about 1,000 wealth managers in Singapore and Hong Kong out of a workforce of around 8,000 in the Asia Pacific.
(Reporting by Kevin Lim; Editing by Valerie Lee)
((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) Keywords: UBS CEO/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
