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Quintes Protocol, founded by Saudi entrepreneur Rand Al Kharashi, has secured a WIPO Patent Cooperation Treaty for its innovative QNT token, designed to ensure perpetual asset growth and stability in the DeFi space. Set to launch in January 2025, this groundbreaking protocol aims to redefine digital asset value through advanced cryptonomics and over-collateralization strategies, backed by extensive research from Kitabq Research Lab. The initiative promises to challenge traditional financial systems by offering a sustainable alternative to existing cryptocurrencies.
Quintes Protocol, founded by Saudi entrepreneur Rand Al Kharashi, has secured a WIPO Patent Cooperation Treaty for its innovative QNT token, designed to ensure perpetual asset appreciation in the DeFi space. Backed by extensive research from Kitabq Research Lab and a team of elite engineers, Quintes aims to redefine digital asset growth with a launch scheduled for January 2025. The protocol's unique approach promises sustainable value stability, challenging traditional financial systems and addressing the volatility of existing cryptocurrencies.
UBS is revamping its US wealth management division to attract a wider range of affluent clients, moving beyond its traditional ultra-high net worth focus. The restructuring includes dividing the unit into six divisions, enhancing banking services, and appointing new leadership to improve responsiveness and decision-making. The firm aims to boost profit margins and compete more effectively against rivals like Merrill Lynch and Morgan Stanley.
UBS is revamping its US wealth management division to attract a wider range of affluent clients, moving beyond its traditional ultra-high net worth focus. The restructuring includes dividing the unit into six divisions, enhancing banking services, and appointing new leadership to improve responsiveness and decision-making. The firm aims to boost profit margins and compete more effectively against rivals like Merrill Lynch and Morgan Stanley.
UBS is shifting its wealth management strategy in the U.S. to target a broader client base beyond the super-rich, aiming to enhance profitability amid high competition and costs. The bank plans to invest in technology and advisors while reorganizing into six divisions, seeking a national bank license to offer more services. However, past attempts to expand, such as the failed acquisition of Wealthfront, raise questions about the success of this new approach.
UBS is set to restructure its US wealth management operations, shifting focus to affluent clients rather than just the ultra-wealthy. This initiative aims to enhance competitiveness against firms like Morgan Stanley and Merrill Lynch, involving significant investments in technology and recruitment. The new structure will include six divisions, with changes effective from January 1, 2025, as UBS seeks a national banking charter to expand its service offerings.
UBS is set to restructure its US wealth management operations starting January 1, 2025, focusing on affluent clients rather than just the ultra-wealthy. The new structure will consist of six divisions, including regional centers and a digital-focused Wealth Advice Center, alongside plans to obtain a national banking charter to expand service offerings. This initiative aims to enhance client responsiveness and competitiveness against larger firms like Morgan Stanley and Bank of America.
Barclays plans to boost its annual tech spending for wealth management by over 75% and aims for a 25% return on tangible equity by 2026, focusing on markets like Singapore, India, and the Middle East, while avoiding the competitive U.S. market. In contrast, UBS is expanding its U.S. wealth business through organic growth, realigning into six divisions to better serve various client segments, and pursuing a national banking charter to enhance profitability. Both banks are targeting the mass-affluent market, with Barclays looking to hire up to 100 advisers in the U.K.
UBS is restructuring its US wealth management division to attract a wider range of affluent clients, moving beyond its focus on ultrawealthy individuals. The plan includes creating six divisions targeting various wealth tiers and expanding banking services to enhance profitability. The bank aims to close the profit margin gap with competitors like Morgan Stanley and Merrill Lynch, while pursuing a national banking charter to offer additional financial products.
UBS is restructuring its US wealth management division to attract a wider range of affluent clients, moving beyond its focus on ultrawealthy individuals. The plan includes creating six divisions, enhancing banking services, and pursuing a national banking charter to improve profitability and compete with rivals like Morgan Stanley and Bank of America’s Merrill Lynch. This initiative is part of a broader effort to realign US operations under new leadership, aiming for higher profit margins and growth.
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