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Top UBS banker in Australia sees role helping ultra-rich invest abroad | Company Business News

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Top UBS banker in Australia sees role helping ultra-rich invest abroad | Company Business News

UBS Group AG expects wealthy Australians to look for more investment options outside the country in order to diversify their assets. The firm's Australasia joint country head, Anthony Sweetman, is focused on maintaining and strengthening their market position in Australia as investor demands evolve. The increase in wealth and growing demand for wealth services in Australia is expected to drive this shift towards global investment. UBS's strong results, driven by trading and cost control, further support their focus on key markets like Australia and Singapore in the Asia-Pacific region. Additionally, Sweetman predicts an influx of foreign investment in Australia due to its positive growth outlook and attractiveness for foreign companies.

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