UBS Group AG warned that the worst may not be over after clients pulled $13 billion in assets during a market meltdown in the final months of 2018.
UBS Group AG is in early talks with Bank of America Corp.’s ex-investment banking head Christian Meissner about joining as a potential successor to Sergio Ermotti, according to people with knowledge of the talks.
Executive who joined former Thundering Herd colleague Bob McCann to rebuild UBS Wealth after the financial crisis loses $13.6 million breach-of-contract arbitration claim.
Royal Bank of Canada nabbed two Minnesota teams from UBS with $854 million, and a third $429-million team from Wells, but one advisor was lured back.
A major Times Square development has secured more than $780 million in new equity, including about $400 million from UBS Group AG’s ultra-high-net-worth and family office clients.
UBS Group AG reached a deal worth hundreds of millions of Swiss francs to use Microsoft Corp. cloud services in a bid to reduce costs while complying with strict Swiss privacy laws, according to people familiar with the matter.
UBS Group AG is promoting a long-time executive in the U.S. as it seeks to expand in the region and offer ultra-rich clients more bespoke investments.
Tom Epperson and Justin Ryan, who oversaw about $2 billion of customer assets combined, join Greg Fleming’s new venture.
After more than 30 years of building Citi’s individual investor sales and trading product services to other firms, executive is expected to oversee similar effort for rival.
A $30 billion computer entrusted by some of the world’s richest looks poised to underweight stocks as real money and systematic investors pare risk amid flagging bull-market momentum.