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UBS Adds $16 Billion From Rich Clients as Assets Hit Record UBS Group AG’s rich clients added $15.7 billion in new money last quarter, giving a boost to star hire Iqbal Khan as he seeks to reinvigorate the key wealth management unit. The inflows lifted assets overseen for the affluent to a record $2.5 trillion,…

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UBS Dubai Wealth Management Head Resigns Swiss bank UBS has lost its head of wealth management and its senior executive officer for its Dubai branch. The veteran banker resigns after two years in the job, finews.asia can reveal. Cedric Lizin resigned from his position earlier this week, after two years with the bank. Swiss bank…

UBS restructures board of directors

UBS Board of Directors has nominated Jeanette Wong and William C. Dudley for election to the board of UBS Group AG at the Annual General Meeting of shareholders on 2 May 2019. Wong was group executive responsible for the Institutional Banking business at the Singapore-based DBS Group, until March 2019. Previously, she served as chief…

MOVES- UBS, J.P. Morgan Private Bank, HSBC

Nov 7 (Reuters) – UBS UBS has poached Wendy Liu from Nomura for the newly created role of head of China strategy, Refinitiv IFR reported J.P. MORGAN PRIVATE BANK J.P. Morgan Private Bank named Alex Wolf as head of its client investment strategy in Asia. HSBC HSBC has hired five analysts in London as part…

Broadridge and UBS Americas to Redefine Wealth Management Technology in North America

NEW YORK, N.Y. – Oct. 25, 2018–Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and UBS (NYSE:UBS), the world’s largest wealth manager, today announced an innovative strategic partnership where UBS Wealth Management USA will be the anchor client on Broadridge’s new wealth management industry platform. The Broadridge Wealth Platform is a next-generation open platform that will…

UBS Group AG: UBS Europe SE completes acquisition of Nordea’s Luxembourg-based private banking business

As announced in January 2018, the transaction covers the acquisition of part of Nordea Bank’s business and its integration onto UBS’ platform, thereby providing clients access to its global offering and local expertise. The decision followed a thorough strategic review of Nordea’s Private Banking International activities. The strategic review was part of the transformation of…