UBS chairman says Switzerland banks facing competition from Hong Kong and Singapore

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UBS Chairman Colm Kelleher on Tuesday said Switzerland is having an "identity crisis" about its role in the world of banking.

Kelleher, speaking at a global financial leaders' investment summit in Hong Kong, said the European country where UBS is headquartered faces competition in the global wealth management market from centres such as Hong Kong and Singapore for the first time.
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More:
sg.finance.yahoo.com

UBS chairman says Switzerland is having an 'identity crisis'

By Kane Wu and Selena Li HONG KONG (Reuters) -UBS Chairman Colm Kelleher on Tuesday said Switzerland is having an "identity crisis" about its role in the world of banking.
sg.finance.yahoo.com sg.finance.yahoo.com

I guess China's SGE/gold internationalization push is having broad impacts.
 
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