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flag UBS restructures US wealth management to boost profits, creating new segments and regional units.

flag UBS, a Swiss bank, is restructuring its US wealth management unit to boost profitability. flag The changes include dividing wealth advisers into four regional units, an international clients team, and an advice center. flag UBS is also seeking a broader banking license in the US and introducing a new Ultra-High New Worth Plus segment for clients with over $50 million in assets.

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