UBS Aims to Revive Asset Management Business
UBS seeks to revive their asset management business and prevent the outflow of funds that it has incurred over the past decade. In a table complied by Willis Towers Watson, UBS had slipped to 14th place in the biggest money managers globally.
“In a table complied by Willis Towers Watson, UBS had slipped to 14th place in the biggest money managers globally.”
~ Financial Times
UBS is now in charge of US$653 billon of assets, trailing to rivals such as Blackrock and Vanguard. UBS has now logged withdrawals from institutional investors in four of the last five years. Total outflows has increased to US$22.2 billion in 2016, bringing the total redemptions to almost US$175 billion over the past 10 years.
Related Report: Financial Times
Headquartered in Zurich and Basel, the UBS Group is a global firm providing financial services to private, corporate and institutional clients. The UBS Group is present in all major financial centers and has offices in over 50 countries. The UBS Group employs approximately 60,000 people around the world. The UBS Group’s historical roots stretch back more than a century.
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