UBS to Launch Banking App in Singapore

UBS will soon be launching a new app in Singapore, CEO Ralph Hamers announced. UBS CEO Ralph Hamers announced that the world’s largest wealth manager will launch its Circle One digital product in Singapore on Tuesday. If successful, the new app which is designed to connect investors with ideas in a global ecosystem could be used in other markets.

The offering is the latest digital effort from UBS, having launched its Key4 initiative last week.

Hamers also commented on the financial markets during the interview at the World Economic Forum in Davos, noting investors are inclined to stay at the moment, given the market volatility. While clients are not necessarily exiting the market, they’re not exactly investing either, noting they are more or less sidelined and waiting for things to clear up, he said.