Swiss bank UBS has warned some staff against travel to China after one of its advisors was asked by Chinese authorities not to leave the country.
UBS, one of the world’s largest wealth managers, sent an internal note to a small team of regional private banking advisors, recommending delays to travel in the country while the bank learns more about the situation, according to a person with direct knowledge of the matter.
A Singapore-based UBS banker who had recently travelled to China to meet with clients was asked by government authorities to stay in the country to answer questions regarding an unspecified matter, spurring the warning from the bank.
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