UBS expands in Asia, Middle East and Africa

In a separate move UBS Global Asset Management also acquired Standard Chartered’s mutual funds management business in India for CHF 147 million. “The purchase provides UBS with a strong investment team and a broad, local distribution network throughout India,” says Hong Kong-based Christof Kutscher, head of UBS Global Asset Management, Asia Pacific.

Formerly known as ANZ Grindlays Asset Management Company, Standard Chartered Asset Management Company was incorporated in 1999. It is the ninth

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