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

UBS, a Swiss bank, is restructuring its US wealth management unit to boost profitability. The changes include dividing wealth advisers into four regional units, an international clients team, and an advice center. 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.

3 months ago
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