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December 4, 2017

UBS unveils digital hub in Hong Kong

By Saloni Sardana

Swiss private banking giant UBS has launched a ‘digital hub’ in Hong Kong, paving the way for tech startups to connect with some of its wealthiest high net worth clients.

The digital hub launched on 1 December is the latest addition to UBS’s digital centres across the globe.

It is a forum for clients and prospects to engage, network and share knowledge with tech start-ups and experts.

UBS Wealth Management chairman and head of Greater China, Amy Lo, said the new venture is “a platform for engagement, networking and knowledge sharing among our clients and the tech start-ups”.

The digital hub will host client tours and industry tech events, and even offer start-up speed dating, “bringing clients and start-ups closer together to forge collaborations.”

UBS said most of its clients have a net worth of between $2m and $50m.

Since the centre opened in June, UBS has hosted more than 100 start-ups to network with its clients in sectors such as big data, robotics, and driverless cars, among others.

UBS Wealth Management’s head of innovation technologies in Greater China, Cat Rüst said: “We want to support Hong Kong’s drive to become a centre of technology innovation.”

UBS started collaborating in June with the Hong Kong X-tech Start-up Platform, a start-up formed by Sequoia Capital China managing partner, Neil Shen and by Hong Kong University of Science and Technology professor, Guanhua Chen.

The collaboration is designed to increase networking and knowledge sharing opportunities among tech-start ups in the business community.

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