Home People UBS Revamps European Wealth Business

UBS Revamps European Wealth Business

387
0
News in Brief - Caproasia Online
Who is the next billionaire? When is the next IPO? Which are the fastest growing cities? Which company is going bankrupt? Driving $25 trillion of assets in Asia - Caproasia.com



UBS Revamps European Wealth Business

UBS is consolidating the wealth management business in Europe and Emerging Markets to streamline operations. Cross-border operations will be combined with domestic businesses in a to reduce the number of offshore booking centers from about ten to three.

“help UBS to manage risks at a time when regulators and tax authorities are asking banks for more transparency.”

This reorganization may also help UBS to manage risks at a time when regulators and tax authorities are asking banks for more transparency in operations and on client assets.

News Source: Bloomberg

 

About UBS

UBS Bank
UBS Bank

UBS Group AG (NYSE:UBS) is a global firm providing financial services to private, corporate and institutional clients. It was founded in 1862 and merged several times prior to 1998, when the Union Bank of Switzerland merged with Swiss Bank Corporation – become UBS Group AG. The operational structure of the Group is comprised of Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The UBS Group is present in all major financial centers and has offices in over 50 countries.

  • Origin : Zurich, Switzerland
  • Assets : CHF 942.82 billion
  • Revenue : CHF 30.61 billion
  • Employees : 60,000

Official Website: www.ubs.com

News & Media: Press Release

Updated on 8th August 2016





Caproasia.com is the leading financial media platform covering capital markets, investments and private wealth in Asia. Driving $25 trillion of assets in Asia.

Join 14,000+ leading financial professionals and professional investors in Asia. Receive exclusive Caproasia newsletter here. Managing $20 million to $300 million? Register here: Financial Professionals
. Stay ahead of your peers & competition.

Register: Professional Investors | CEOs & Entrepreneurs




Caproasia is a financial information technology co.
Get the latest information, products and services.

Register and receive unrivalled information, data & services in Asia:
CEOs & Entrepreneurs
Professional Investors
Financial Professionals
Sign up for newsletter here

Caproasia | Driving the future of Asia