UBS Group AG (UBS) is re-aligning its wealth-management business, the bank's flagship business, to improve its offerings to ultra-rich clients. This was disclosed in an internal memo by Rob Karofsky and Iqbal Khan, the unit’s new co-leaders according to Reuters. The bank has announced that starting from Jul 1, 2024, it will establish a new division known as GWM Solutions to consolidate different products for clients. The new unit will offer services, including investment management, lending, family and inst ...