UBS Group AG plans to restructure its U.S. wealth management business into six divisions, focusing on affluent clients below the ultra-wealthy level, effective January 1, 2025. This transformation aims to enhance client responsiveness and decision-making, while also expanding UBS's reach in the high-net-worth segment. The company is also exploring a joint venture in India to further grow its wealth management services.
UBS Group AG plans to restructure its U.S. wealth management business into six divisions, focusing on affluent clients below the ultra-wealthy level, effective January 1, 2025. This transformation aims to enhance client responsiveness and decision-making, while also expanding UBS's reach in the high-net-worth segment. The company is also exploring a joint venture in India to further grow its wealth management services.
Citizens Financial Group, Inc. is a prominent retail bank in the U.S., with net interest income primarily derived from Retail Banking (64.6%) and Commercial Banking (35.4%). By the end of 2023, the bank managed short-term deposits of USD 177.3 billion and short-term loans of USD 143.9 billion, operating through a network of 1,100 branches nationwide.
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