Audio – UBS sees its Asian prime brokerage AUM growing 50% a year

April 11, 2007

20070411-hkg85.jpgThe Asian prime brokerage business at Swiss bank UBS is targetting around 50 percent annual growth of assets under management over the next few years because of rapid expansion in the hedge fund industry in the region. David Gray, head of the unit, told the Reuters Hedge Funds and Private Equity Summit of the bank’s strategy of running full-scale operations in Sydney, Tokyo, Hong Kong and Singapore. 

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