Has wealth management become I-banking's big brother?

One question to consider is whether wealth management – often regarded as junior to its brash, investment banking brother – is now emerging as the stronger sibling. Swiss bank UBS is a case study in point. It should also be instructive for Asian wealth managers to take note of the unfolding impact of the Vickers Report in the UK, as well as broader industry developments emanating from the sovereign debt crisis in Europe. The trials of Switzerland’s largest bank have been well do…