UBS is building up its Canadian
KeyClient Wealth Group by increasing the number of advisers in line
with what the bank said was strong demand for services among ultra
high net worth clients in the country.

It has now put in place eight KeyClient advisers in all of its
offices in Vancouver, Calgary, Toronto and Montreal. This is up
from four previously.

The KeyClient Group provides wealth management services to
Canadians with investable assets of more than C$50 million ($49.7
million), focusing on the 3,000 Canadian families in the ultra
wealthy category, the bank said.

“Despite the volatility in the markets, we have seen the Canadian
economy generate a great deal of sustained wealth over the past ten
years,” UBS said in a statement.

The global KeyClient initiative was launched by UBS in 2003 with
the aim of delivering a consistent approach towards the wealthiest
individuals and families around the world.