Swiss banking giant UBS has opened a new campus of UBS Business University in Shanghai to meet rising demand for financial talent that can support the bank’s growth in China.

The Business University aims to support leadership and management qualities, professional skills along with expertise in compliance and risk management.

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The Shanghai campus is the bank’s third such training facility in Asia, after Singapore and Hong Kong.

The bank also plans are to set up a similar campus in Beijing by early 2017.

UBS Asia Pacific head of human resources Maria Chan said: "Talent development is a key component of UBS's strategy and the establishment of the Shanghai campus will further strengthen our value proposition to prospective and existing talent."

The new facility will offer training to both new employees, and on-going professional development to current employees, and to various levels of China talent.

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Training programs will include the flagship China Talent Program as well as mentoring opportunities through a systematic exchange program of outbound and inbound talent, UBS said.

UBS Group China country head and president Eugene Qian said: "The opening of a campus in Shanghai reinforces our commitment to China and will help support our expansion plans in the country. We plan to double headcount in China by 2020, so demand for high-quality development and training programs can be expected to grow substantially."

UBS has offices in 54 countries, with 13% of its employees working in Asia Pacific.