For the twin giants of Swiss banking, it was a tale of two very different events in Hong Kong this week.
UBS Group AG hosted rich clients at its lounge at Art Basel in the sprawling Hong Kong Convention and Exhibition Center, where a usually drab hall was transformed with festive booths serving Ruinart champagne and Macallan Highland whisky. Nearby, Credit Suisse Group AG’s annual investor event at the Conrad hotel was decidedly more somber, as bankers pondered their next career moves and clients offered condolences.
Source : Hong Kong’s wealthy targeted by UBS bankers during Credit Suisse’s subdued summit