UBS to review businesses as recession test looms for industry

UBS' president for the Asia-Pacific Edmund Koh is confident that the bank's strategy will work as clients rationalise their portfolios.

THE world's largest wealth manager UBS is actively reviewing certain sectors or geographies in which the bank has exposure in this region. However, its focus now is not on cutting, but on slowing the pace of hiring, said its top executive in the...

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