Finance

UBS Sees Growth in All Asia Regions as Iqbal Khan Takes Charge

Outgoing Asia president Koh holds town-hall with Khan
Khan is a contender to succeed UBS CEO Sergio Ermotti

The UBS Group AG offices in Singapore.Photographer: Ore Huiying/Bloomberg

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By Cathy Chan and Denise Wee

August 28, 2024 at 5:30 AM EDT

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UBS Group AG’s 13 markets in Asia-Pacific all posted an increase in revenue for the second quarter this year, the first time that’s happened in two years, according to outgoing regional head Edmund Koh.

Australia and Singapore led the way during the quarter marked by progress in the integration of Credit Suisse, Koh said in a presentation to staff during a town-hall with incoming regional president Iqbal Khan on Wednesday. Khan is set to succeed Koh on Sept. 1, with the latter becoming regional chairman.