{
Sergio Ermotti

People

}
UBS Launches Ultra-High Net Worth Plus Segment to Enhance Wealth Management Services
UBS Group AG is restructuring its U.S. wealth management unit to enhance profitability, creating four regional units and a dedicated team for international clients. The firm is launching an Ultra-High Net Worth Plus segment for clients with assets over $50 million, reflecting its commitment to affluent clientele while pursuing a broader banking license in the U.S.
CEOWORLD magazine
United States Dollar UBS Group AG USA Sergio Ermotti Michael Camacho
TradFi, Press Release
14:18 11.12.2024
Australia to phase out additional tier 1 bonds by 2027
Australia is set to abolish Additional Tier 1 (AT1) bonds by January 1, 2027, following lessons learned from recent banking crises, including the collapse of Credit Suisse. The Australian Prudential Regulation Authority (APRA) aims to simplify bank capital structures and enhance stability during financial stress. This makes Australia the first country to eliminate AT1 bonds as eligible capital, reflecting a shift towards more effective regulatory frameworks in crisis management.
finews.ch
United States Dollar Credit Suisse High Yield Bond Fund, Inc. Barclays PLC AUS Sergio Ermotti John Lonsdale
Regulatory & Legal, Market Report
09:37 11.12.2024
Australia Becomes First Country to Abolish Additional Tier 1 Bonds
Australia is set to abolish Additional Tier 1 (AT1) bonds by January 1, 2027, as part of a regulatory overhaul aimed at enhancing banking stability following lessons learned from recent global banking crises. The Australian Prudential Regulation Authority (APRA) will allow banks to replace AT1 capital with Tier 2 and Common Equity Tier 1 capital, responding to concerns that AT1 bonds failed to effectively absorb losses during financial distress. This move positions Australia as the first country to eliminate AT1 bonds as eligible capital, reflecting a shift towards a more resilient banking framework.
finews.ch
United States Dollar Credit Suisse High Yield Bond Fund, Inc. Barclays PLC AUS Sergio Ermotti John Lonsdale
TradFi, Market Report
09:37 11.12.2024
ubs realigns us wealth management to target broader client base
UBS is restructuring its US wealth management business to focus on clients outside the super-rich demographic. Effective January 1, the current two national divisions will be replaced by four regional divisions, along with the addition of UBS International and the Wealth Advice Center. CEO Sergio Ermotti highlighted the US as a key growth area, though profitability remains a concern.
Finanz und Wirtschaft
USA Sergio Ermotti
TradFi, News Article
07:50 11.12.2024
UBS and Barclays Pursue Divergent Strategies in Wealth Management Expansion
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.
Banking Dive
British Pound Sterling United States Dollar Credit Suisse High Yield Bond Fund, Inc. Morgan Stanley Barclays PLC SGP USA IND GBR Colm Kelleher Sasha Wiggins Michael Camacho Kubra Khan Sergio Ermotti Show more
TradFi, Market Report
01:00 11.12.2024
ubs to restructure us wealth management focusing on affluent clients
UBS is set to revamp its wealth management business in the U.S., restructuring into six divisions to better serve affluent clients rather than just the ultra-wealthy. Effective January 1, the bank will shift from two national divisions to four regional ones, alongside its UBS International and Wealth Advice Center. This move aims to enhance decision-making and responsiveness to client needs, as the U.S. market is seen as a crucial growth area for UBS.
Reuters
United States Dollar CHE Sergio Ermotti
Finance & Economy, News Article
23:30 10.12.2024
UBS to Restructure US Wealth Management Focusing on Affluent Clients
UBS is set to revamp its wealth management business in the U.S., restructuring into six divisions to better serve affluent clients rather than just the ultra-wealthy. Effective January 1, the bank will transition from two national divisions to four regional ones, alongside its UBS International and Wealth Advice Center. This move aims to enhance decision-making and responsiveness to client needs, as the U.S. market is seen as a crucial growth area for the bank.
reuters.com
CHE Sergio Ermotti
TradFi, News Article
23:30 10.12.2024
ubs reorganizes us wealth management unit to enhance profitability and growth
UBS Group AG is restructuring its US wealth management unit to enhance profitability, expanding from two divisions to four regional units, alongside a team for international clients and an advice center. This move aligns with CEO Sergio Ermotti's strategy for US growth, particularly following the integration of Credit Suisse. Additionally, UBS is launching a new Ultra-High Net Worth Plus segment for clients with assets exceeding $50 million.
wealthmanagement.com
United States Dollar Credit Suisse High Yield Bond Fund, Inc. UBS Group AG CHE Sergio Ermotti Michael Camacho
TradFi, News Article
23:17 10.12.2024
ubs reorganizes us wealth management unit to enhance profitability and growth
UBS Group AG is restructuring its US wealth management unit to enhance profitability, expanding from two divisions to four regional units, alongside a team for international clients and an advice center. This move aligns with CEO Sergio Ermotti's strategy for US growth, particularly following the integration of Credit Suisse. Additionally, UBS is launching a new Ultra-High Net Worth Plus segment for clients with assets exceeding $50 million.
wealthmanagement.com
United States Dollar Credit Suisse High Yield Bond Fund, Inc. UBS Group AG USA CHE Sergio Ermotti Michael Camacho
Finance & Economy, News Article
23:17 10.12.2024
ubs revamps us wealth division to boost profitability and attract clients
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.
@investmentnews
United States Dollar JPMorgan Chase & Co. Morgan Stanley Bank of America Corporation CHE Sergio Ermotti Michael Camacho Kubra Khan Show more
TradFi, News Article
22:35 10.12.2024
Trending
Subcategory:
Cryptocurrency Markets Stock Market Updates Cryptocurrency Trends Market Sentiment Analysis Central Bank Actions Banking Regulations Corporate Responsibility & ESG Decentralized Finance (DeFi) Innovations Tokenomics and Crypto Economics Mergers & Acquisitions Cryptocurrency & Blockchain Regulations Cryptocurrency Developments Blockchain Technology Adoption Market Analysis and Predictions Anti-Money Laundering (AML) Regulations Emerging Startups Cryptocurrency Regulations SEC & Financial Compliance Inflation Rates & CPI Data Banking & Investment Regulations
Countries:
USA CHE GBR DEU ARE HKG AUS JPN CHN IND SGP DNK CAN NGA FIN COL AUT LIE TUR KOR
Companies:
Credit Suisse Real Estate Fund Siat BlackRock, Inc. Coinbase Global, Inc. Solana USD Ethereum USD Tesla, Inc. Ripples USD Fidelity Contrafund Cardano USD Apple Inc. NVIDIA Corporation Grayscale Litecoin Trust Chainlink USD Google Inc. Amazon.com, Inc. MicroStrategy Inc Tether USDt CNY End Federal Reserve USD MicroStrategy Incorporated Crypto.com Staked ETH USD
Currencies:
United States Dollar Euro Swiss Franc Japanese Yen Australian Dollar Indian Rupee Canadian Dollar Mozambican Metical British Pound Sterling Norwegian Krone Mongolian Tögrög Colombian Peso Singapore Dollar
People:
Donald Trump Ali Martinez Elon Musk Karin Keller-Sutter Jerome Powell Ueli Maurer Michael J. Saylor Thomas Jordan Gary Gensler Colm Kelleher Alan Santana Paul Atkins Joe Rogan Martin Schlegel Isabelle Chassot Mario Nawfal Sergio Ermotti Dana White Joe Biden Charles Hoskinson

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Links

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.