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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



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


 

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



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