Sunday, July 15, 2007

UBS, Citigroup, Rivals Hire More Private Bankers to Serve Taiwan's Wealthy

(Bloomberg) -- UBS AG and Citigroup Inc. said they
are hiring more private bankers to serve Taiwan, where the
richest citizens hold more wealth than in any Asian country
except for China and Japan.

UBS will add 30 private bankers in Taiwan this year for a
total of 80, said Dennis Chen, who oversees the company's
onshore private-banking business in Taipei, in an interview.
Citigroup, Morgan Stanley, BNP Paribas and ABN Amro Holding NV
say they will also add bankers to cater to Taiwan's wealthy.


Read more at Bloomberg Emerging Markets News

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