UBS’s global wealth business gathers $38bn during third quarter

UBS’s global wealth business gathers $38bn during third quarter

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UBS wealth assets grew to $4.7tn globally at the end of September following strong flows during Q3Photo: Alamy Stock Photo

UBS’s global wealth business gathered $38bn in new money during the third quarter, despite a spike in client redemptions in the US.

The Zurich-headquartered firm’s ultra wealthy clients poured $37.5bn into the business in the three months to the end of September, up 50% compared with the same period in 2024.