UBS discusses Asia debt capital markets strategy

With European lenders retreating from the region and the cost of capital rising, balance sheet matters more than ever for banks competing in the debt capital markets as reflected by the dominance of lending institutions in the DCM league tables this year.

But balance sheet is not the only differentiator. We spoke recently to Guy Wylie and Paul Au about UBS’s strategy as a non-lending bank, how it leverages its private banking network and the search for alternative markets as the dollar market shuts off.

Paul Au

How does UBS compete now that balance sheet is so...