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UBS chairman warns Switzerland losing its edge to Hong Kong and Singapore

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UBS Group’s chairman blasted his home market of Switzerland as losing its lustre as a wealth management hub to Hong Kong and Singapore, while also warning against looming risks in the US insurance industry. “Switzerland is facing a crossroads here, because it’s facing some major challenges,” Mr Colm Kelleher told…

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Click here to read the full story: The Straits Times

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