Malhotra , as part of its strategic pivot, will invest as much as CHF 900m ( $922m ) in the Asia-Pacific region over last October . He adds: "Everyone on the Street is watching with a high level of curiosity to see how this is going to work, because no bank has this set-up. This amount will represent the lion's share of 60% of planned investments of CHF 1.5 billion ($ 1.54bn ) in "divisional growth initiatives" announced by the group 2018 . When the bank's pre-tax profit from its Asia -Pacific business grew 52% 2018 , it is targeting another almost doubling of pre-tax profit to CHF 2.1bn ($ 1.5 billion ) from these business by 2018 .
Malhotra , as part of its strategic pivot, will invest as much as CHF 900m ( $922m ) in the Asia-Pacific region over last October . This amount will represent the lion's share of 60% of planned investments of CHF 1.5 billion ($ 1.54bn ) in "divisional growth initiatives" announced by the group 2018 . When the bank's pre-tax profit from its Asia -Pacific business grew 52% 2018 , it is targeting another almost doubling of pre-tax profit to CHF 2.1bn ($ 1.5 billion ) from these business by 2018 .