{
Sergio Ermotti

People

}
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 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.
@investmentnews
United States Dollar JPMorgan Chase & Co. Morgan Stanley Bank of America Corporation CHE Kubra Khan Michael Camacho Sergio Ermotti Show more
Finance & Economy, News Article
22:35 10.12.2024
ubs restructures us wealth management into regional divisions for growth
UBS Group is restructuring its U.S. wealth management operations into six divisions, focusing on affluent clients below the ultra-wealthy threshold. Effective January 1, 2025, the shift from two national divisions to four regional ones aims to enhance client responsiveness and decision-making. CEO Sergio Ermotti emphasizes the U.S. as a key growth market, despite current profitability challenges.
@gurufocus
United States Dollar UBS Group AG CHE Sergio Ermotti
TradFi, News Article
20:37 10.12.2024
ubs restructures us wealth management to enhance affluent client engagement
UBS Group is restructuring its U.S. wealth management operations into six divisions, focusing on affluent clients below the ultra-wealthy level, effective January 1, 2025. This shift aims to enhance client responsiveness, accelerate decision-making, and strengthen connections, reflecting the firm's commitment to U.S. expansion despite current profitability challenges.
Yahoo Finance
UBS Group AG CHE Sergio Ermotti
TradFi, News Article
20:34 10.12.2024
ubs to restructure us wealth management focusing on affluent clients
UBS is set to restructure its U.S. wealth management business, dividing it into six divisions and shifting focus towards affluent clients rather than just ultra-wealthy individuals. Effective January 1, the new structure will enhance decision-making and responsiveness to client needs, as the bank aims to boost profitability in a key growth market. CEO Sergio Ermotti has emphasized the importance of the U.S. as a growth engine, acknowledging current performance shortcomings.
Investing.com
United States Dollar CHE Sergio Ermotti
TradFi, News Article
19:50 10.12.2024
ubs restructures us wealth management to target broader client base
UBS is restructuring its wealth management business in the U.S., splitting it into six divisions to better serve both wealthy and less affluent clients. Effective January 1, the new structure will enhance decision-making and client responsiveness, as the bank aims to improve profitability in a key growth market. CEO Sergio Ermotti has emphasized the importance of this initiative for the bank's performance.
MarketScreener
United States Dollar CHE Sergio Ermotti
TradFi, News Article
19:44 10.12.2024
ubs to restructure us wealth management focusing on affluent clients
UBS is set to revamp its U.S. wealth management business by dividing it into six divisions, with a focus on affluent clients rather than just the ultra-wealthy. Effective January 1, the restructuring will shift from two national divisions to four regions, alongside the UBS International and Wealth Advice Center. This move aims to enhance decision-making and responsiveness to client needs, as the bank seeks to improve profitability in a key growth market.
Yahoo Finance
United States Dollar UBS Group AG CHE Sergio Ermotti
TradFi, News Article
19:44 10.12.2024
ubs to restructure us wealth management focusing on low net worth clients
UBS is set to reorganize its U.S. wealth management business, splitting it into six divisions and shifting focus towards low-net-worth clients. Effective January 1, the bank will transition from two national divisions to four regions, enhancing decision-making and customer responsiveness. CEO Sergio Ermotti emphasized the U.S. as a key growth area, though profitability remains a concern.
Zonebourse
United States Dollar CHE Sergio Ermotti
TradFi, News Article
19:44 10.12.2024
ubs to restructure us wealth management focusing on affluent clients
UBS is set to reorganize its U.S. wealth management business, dividing it into six divisions and shifting focus towards affluent clients rather than just ultra-rich individuals. This restructuring, effective January 1, aims to enhance decision-making and responsiveness to customer needs, as the bank seeks to improve profitability in a key growth market. CEO Sergio Ermotti has emphasized the importance of the U.S. as a growth engine for the bank.
Boursorama
United States Dollar CHE Sergio Ermotti
TradFi, News Article
19:43 10.12.2024
ubs reorganizes us wealth management unit to enhance profitability and growth
UBS Group AG has reorganized its US wealth management unit, expanding from two divisions to four regional units, alongside a team for international clients and an advice center. This move aims to enhance profitability and support growth plans, including the creation of a new Ultra-High Net Worth Plus segment for clients with assets exceeding $50 million. CEO Sergio Ermotti emphasizes US expansion as a key strategy following the integration of Credit Suisse.
BNN Bloomberg
United States Dollar UBS Group AG Credit Suisse Real Estate Fund Siat USA DEU Christian Lindner Sergio Ermotti Michael Camacho Show more
TradFi, News Article
18:29 10.12.2024
swiss national bank may cut rates again with potential for negative interest
The Swiss National Bank (SNB) is expected to cut its guide rate soon, with most analysts predicting a reduction to 0.75 percent. While some experts foresee a potential return to negative interest rates by the end of 2025, this would require significant economic downturns and inflation falling into negative territory, which currently seems unlikely.
SWI swissinfo.ch
United States Dollar Euro Swiss Franc Vontobel Holding AG J. Safra Sarasin Anlagestiftung 2 CHE Martin Schlegel Sergio Ermotti
TradFi, Market Report
16:00 10.12.2024
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