Asia wealth growth powers private banks' earnings in 1H25
Asia's wealth managers thrived in Q2 2025, with UBS and HSBC leading growth. Singapore banks held steady as wealth management drove record fees at DBS and UOB.
Asia’s wealth management sector delivered resilient growth in the second quarter of 2025, with major global and regional banks reporting strong earnings despite macroeconomic headwinds. UBS led with a 118% surge in net profit, while HSBC and Standard Chartered saw double-digit wealth fee growth fueled by Asia’s booming private banking demand.
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