UBS Plans Wealth Business Shake-Up to Boost Affluent Client Outreach
UBSUBS(UBS) ZACKS·2024-12-12 00:21

UBS Group AG (UBS) intends to transform its wealth management business in the United States into six divisions and focus more on wealthy clients tumbling below the ultra-wealthy level, according to an internal memo reviewed by Reuters.The transformation plan indicates the company’s efforts to enhance its performance in the United States.Details of UBS’ Wealth Management Unit Transformation PlanAccording to the Wall Street Journal, which first reported the news of the transformation, UBS plans to allocate mo ...