The Co-President of Global Wealth Management and President of Asia Pacific at UBS, Iqbal Khan, attended the Private Wealth Management Association (PWMA) and stated that UBS has a strong foundation in Asia with a 60-year history in the region. He emphasized that UBS is honored to operate in Asia where 60% of global economic growth originates from, and where there is a significant increase in the millionaire class, presenting large opportunities for the region. UBS is committed to providing clients in the region with global one-stop solutions across jurisdictions, businesses, and generations. Regulatory authorities in Hong Kong are doing the right thing In recent years, global financial regulations have been tightening, and Khan mentioned that regulatory authorities in Hong Kong are doing the right thing by focusing on stability, safety, and reliability. They are also interested in exploring ways to improve the environment to conduct sustainable and responsible financial businesses, and are open to innovation, a mindset that is highly commendable. UBS strengthens capabilities through the integration of UBS and UBS Credit Suisse Artificial intelligence is a global trend, and Khan believes that by using AI, security and transparency can be combined to deliver messages in a faster and more convenient way, which UBS is prepared for. Regarding the merger with Credit Suisse, Khan stated that UBS has been a major player in the Greater China region, while Credit Suisse has shown strong performance in Southeast Asia. The combination of the two can complement each other and enhance capabilities, therefore integrating Credit Suisse into UBS is a good solution for the financial market, Switzerland, clients, and stakeholders.