UBS Asset Hiring in China Amid Race for Private Funds Share
- Firm plans to launch onshore equity, fixed-income products
- China market is ‘super-competitive,’ Asia-Pacific head says
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UBS Asset Management plans to expand its headcount in China, having secured its private-funds license earlier this month.
The firm has about 20 staff in China and plans to increase that to more than 30 people on the ground by the end of the year, according to Rene Buehlmann, head of Asia Pacific at the asset manager.