Rob Karofsky and Iqbal Khan have been appointed co-leaders of UBS's Global Wealth Management division, tasked with enhancing profitability and integrating Credit Suisse. UBS reported a return to profit in Q1, with revenues rising significantly, while a new division, GWM Solutions, aims to streamline services for wealthy clients. The integration of Credit Suisse is on track for completion by 2026, amid scrutiny of the crisis that led to its acquisition.
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