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TheStreet Open House

World’s Ultra Wealthy Population Reaches All-Time Record

Wealth-X quote on the Wealth-X and UBS partnership

“Wealth-X is pleased to partner with UBS for the first time to deliver the Wealth-X and UBS World Ultra Wealth Report 2013,” Wealth-X CEO Mykolas D. Rambus said. “Expert commentary from UBS complements Wealth-X’s global intelligence on the world’s UHNW population, producing a report that demonstrates a true collaboration between the global leader in wealth management and the world’s leading UHNW intelligence provider.”

UBS quote on the Wealth-X and UBS partnership

"UBS is happy to partner with Wealth-X in presenting the Wealth-X and UBS World Ultra Wealth Report 2013. We draw on our 150-year heritage to serve the world's most successful families, and more than half of the world's billionaires. These are long-term, trusted relationships which span generations. The study provides unique insights of the UHNW sector so we can better meet the needs of this highly sophisticated and global clientele," Josef Stadler, Global Head of Ultra High Net Worth, UBS Wealth Management said.

UBS quote on the development of UHNW population in Asia Pacific

"The report forecasts that Asia will generate more UHNW individuals and wealth than the US and Europe in the next five years. This closely mirrors our own observations of the trajectory of wealth creation in Asia. In Asia, the UHNW segment is dominated by entrepreneurs in their first or second generation who are still heavily involved in their family businesses. The services they require go beyond personal investment advice, to include family succession matters and growing the business. At the top end of the segment, you have the family offices and institutional-like client groups which require complex, bespoke solutions and fast execution. UBS's ability to offer world-class and worldwide capabilities across wealth management, investment bank and global asset management, places us at a distinctive advantage in servicing these clients," Joseph Poon, Head of Ultra High Net Worth, Southeast Asia, UBS Wealth Management said.

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