Date:19/08/2008 URL: http://www.thehindu.com/2008/08/19/stories/2008081954990600.htm

Karnataka - Bangalore

UBI launches wealth management services

Special Correspondent

BANGALORE: Union Bank of India, in association with Wealth Advisors (India) Private Limited, on Monday launched wealth management services to its high net worth clients.

Addressing a press conference, Executive Director of the Bank T.Y. Prabhu said that the bank had 25,000 high net worth clients and expected the number to grow multi-fold in the future.

He said the growth of the economy and growth in the number of high net worth clients had opened up a new horizon for development of business.