UBS seeks to boost stake in securities JV in China, says CEO

UBS seeks to boost stake in securities JV in China, says CEO

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

UBS wants to boost its stake in its securities joint venture in China, Chief Executive Ralph Hamers told Swiss newspaper NZZ in an interview published on Friday, as the world’s biggest wealth manager looks to Asia for growth.