UBS’s wealth management business attracted its highest quarterly net inflows since the end of 2007 – worth Sfr15bn ($16bn) – in the first three months of the year, in what it described as an “exceptional” quarter.

The bank said that net inflows were the highest since the fourth quarter of 2007. At the time, the bank said its Wealth Management International and Switzerland business had seen Sfr22.8bn in inflows.