UBS hires Yip to build Asian ETF business

Scale is key for any exchange-traded funds business, and being an early mover can be a contributing factor in this regard; a strong brand and differentiated products also help. UBS Global Asset Management clearly has the name and the product expertise to potentially set it apart from rival providers – but it is lagging on the first two counts, particularly in Asia. The Swiss firm is well behind the biggest ETF providers – the likes of iShares and State Street Global Advisors (SSgA…