{
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001122334455554433221100

ubs plans us wealth firm acquisition after credit suisse integration

UBS Chairman Colm Kelleher announced plans for a future acquisition of a US wealth management firm to enhance its presence in the market, following the integration of Credit Suisse. He emphasized the need to improve the performance of Paine Webber and avoid distractions during this transition. Despite being the largest global wealth manager, UBS faces challenges in scaling its independent broker model in the US, where it has fewer advisers compared to rivals like Morgan Stanley.
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United States Dollar Wealthfront Strategies LLC UBS Group AG Credit Suisse Anlagestiftung Morgan Stanley CHE USA Sergio Ermotti Colm Kelleher Rob Karofsky Ralph Hamers Show more
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21:22 29.10.2024
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