UBS plans to shake Wealth management

400UBS Group is overhauling its wealth management businesses in Europe and emerging markets by reducing its booking hubs to three from around 10 and has announced a senior management restructure.
According to a Bloomberg report, the bank aims to reduce the number of offshore booking centers from about ten to 3 – Switzerland, Germany and the UK – through consolidating cross-border operations with domestic businesses. Per the bank’s memo, the onshore business in Europe will be incorporated in the bank’s new continental hub in Frankfurt.

UBS set up Europe SE in Frankfurt in December 2016 to bring together most of its European wealth management operations.
As part of the restructure, Europe SE will also house all of UBS’s European onshore businesses.
Notably, for Europe and the emerging markets, excluding the Asia-Pacific region, the Swiss bank plans to create a new position for managing business risks and regulations.
Apart from streamlining operations, the company has been reducing headcounts in several units. Therefore, such moves are anticipated to reduce costs and aid revenues. As a result of the restructure, the swiss bank announced several senior management changes.



Semptember 2015
  • 21

    Dieser Intensivkurs bietet Ihnen praxisorientierten Uberblick der modernen konzepte, die Sie als ins

  • 21

    As a trading and investment professional you may be interested in the Joint- Event with GAP- S.A.M.T

  • 21

    Die jährliche IFZ-Konferenz beschäftigt sich mit indirekten Immobilienanlagen im In- und Ausland.

  • 25

    The Lugano International Fiscal Forum (LIFF) is the most important event dedicated to opportunities

  • 26

    Die 360°-Sicht: Alle Player im Versicherungsmarkt diskutieren die Zukunftsthemen – vielschichtig,

See All


Updates and news from MarketPlus

Market Overview
SMI® PR9095.650,03 %
LYXOR DAX INAV119.9520,06 %
FTSE MIB Index22355.58-0,31 %
FTSE 1007271.95-0,05 %
CAC 405241.660,08 %
S&P 5002508.240,06 %
NASDAQ Composite6456.0439-0,08 %
HANG SENG INDEX28127.800,27 %
Powered by Yahoo Finance