UBS Group AG is returning to wealth management in Australia by leveraging the recently acquired Credit Suisse franchise.
The firm aims to take advantage of the growing demographic of affluent women and family offices in the country, which has become a significant market for UBS.
With plans to expand its management of over $30 billion in high net worth assets, UBS is aligning this initiative with its broader goals for growth in the Asia Pacific region.
The local wealth chief emphasized the importance of targeting this emerging segment as part of the firm's renewed focus on the Australian market.