UBS Group AG is weighing acquisitions and joint-ventures for its asset management business to help it compete with larger rivals, people with knowledge of the matter said.
The award includes a relatively rare order to firm from arbitrators to repurchase most of the bonds in the client’s account, on top of paying his capital losses.
UBS Chief Executive Officer Sergio Ermotti bought $13.1 million of shares in Switzerland’s largest bank shortly after its investor day last week, the largest management purchase in years, in a show of confidence to owners of the stock.
Morgan Stanley hired a 30-year veteran of UBS and PaineWebber in Roanoke, Va., while First Republic lures another million-dollar-plus Merrill Lynch team in Los Angeles.
Company ratchets up profit margin and productivity goals and introduces new advisor desktop to help achieve them, but stands fast on restraining recruiting.
UBS Group AG Chief Executive Officer Sergio Ermotti took a bolder set of financial targets back to investors, pledging to drive wealth management profit higher and cut costs as he seeks to revive the shares.
Finra arbitrators reject UBS’s claim for $526,2218 from an Alabama broker, deny his expungement request.
Broker who has racked up 15 customer, regulatory and legal complaints over his 31-year career was found to owe $889,000 related to nine promissory notes.
UBS Group AG’s French unit offered an elite team of bankers fancy cars and big bonuses to attract wealthy local clients, often sparking tensions with the lender’s Swiss headquarters, according to a former executive on trial in Paris.
Broker who was generating around $6 million in annual revenue reportedly stumbled over an unreported effort to help an associate buy a car.
After a long hiring freeze, the wirehouse on Friday signed teams with combined production of $8.8 million in Ohio, California and New York even as it lost a $3 million group in New York City to J.P. Morgan.