UBS Group AG is re-entering Australia's wealth management sector, focusing on high net worth women and family offices, following its acquisition of Credit Suisse. With over US$30 billion in managed assets, UBS aims to capitalize on the growing wealth market, particularly as female millionaires increase at nearly double the rate of men. The firm is enhancing its client services by integrating investment banking opportunities and fostering a diverse advisory team to meet the evolving demands of wealthy clients.
UBS is focusing on high net-worth women and not-for-profits in Australia, with female clients now outnumbering male clients. The firm aims to recover market share post-Credit Suisse merger, leveraging a strong gender mix among its advisers and responding to increased demand for diverse investment opportunities. Not-for-profit requests have surged, with average investments rising significantly as organizations seek to diversify their portfolios.
UBS is re-entering the wealth management sector in Australia, focusing on the increasing number of affluent women and family offices, as part of its Asia-Pacific expansion strategy. Meanwhile, Australia faces a significant shakeup in the gas-guzzler market with the introduction of new hybrid models, and the budget deficit is projected to exceed previous forecasts, reaching A$33.5 billion by mid-2025. Additionally, New Zealand's central bank is expected to cut interest rates again, reflecting aggressive monetary policy shifts in the region.
UBS Group AG is re-entering the Australian wealth management market, targeting the growing number of wealthy women and family offices. Following its acquisition of Credit Suisse, UBS aims to expand its high net worth assets, currently over $30 billion, amidst increasing competition from firms like Morgan Stanley. The firm has noted a significant rise in female millionaires and a fivefold increase in requests from the not-for-profit sector, highlighting a shift in investment strategies towards private equity and sustainable assets.
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