UBS AG’s head of wealth management excluding the Americas is advising clients to remain “cautious” in their investment decisions this year.
UBS AG must retain a global investment bank alongside its worldwide asset management business, Juerg Zeltner, head of wealth management at the bank, told Finanz & Wirtschaft.
When UBS AG wealth manager Abdallah Najia came to Switzerland from Dubai in March for a week of training, he was as stunned by the message as by the scenery.
UBS AG, Switzerland’s largest bank, said it plans a special payout for investors on top of higher dividends after it reaches capital targets this year. The shares rose.
Credit Suisse Group AG , Switzerland’s second-largest bank, may report lower second-quarter earnings tomorrow, after Europe’s sovereign-debt crisis made clients more reluctant to trade.
UBS AG Chief Investment Officer Alexander Friedman is masterminding a push by Switzerland’s biggest bank to develop a performance track record that will attract rich clients as Swiss secrecy erodes.
UBS AG appointed Rene Buehlmann as head of asset management in the Asia-Pacific region to succeed Kai Sotorp, who is leaving to join Manulife Financial Corp., Canada’s largest life insurer.
UBS AG’s Juerg Zeltner, head of the firm’s wealth-management unit, said turbulent financial markets are creating “upheaval” for the private-banking industry.
"We are grateful to Alex for his exceptional leadership in creating a strong CIO team."
- Juerg Zeltner on Jun 02, 2014