UBS Leading Southeast Asia Stock Sales on Billionaires

UBS AG jumped to the lead among share-sale underwriters in Southeast Asia for the first time in six years, capitalizing on its relationships with wealthy families and a surge in equity offerings in countries including the Philippines.

The Swiss bank worked on deals equal to 37 percent of the total value of equity sales in the region in the first half, compared with 26 percent for second-placed CIMB Group Holdings Bhd., data compiled by Bloomberg show. UBS won roles on the biggest-ever share sales in the Philippines, Thailand and Indonesia, including PT Matahari Department Store’s $1.4 billion offering in March.