(Bloomberg) -- UBS is expanding its wealth management business in Asia and emerging markets by hiring client advisors, Juerg Zeltner, who heads the division globally excluding the U.S. and Canada, said in an interview.

“I would say 70 plus percent of my net investment is going into Asia and the emerging markets,” Zeltner said in an interview with Bloomberg Television in Davos, Switzerland today. “For us at UBS, Asia is the number one growth opportunity.”

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