In the Margins

Is UBS gearing up to sell Americas unit?

June 23, 2016

By New York Post

UBS’s New York-based Americas unit could go on the block, according to Alois Pirker, an analyst at Aite Group. Pirker, a former UBS employee in London and Switzerland, says the Swiss bank has “no interest in brokerage.” UBS Wealth Management Americas is a “marketing outlet” beset with moneymaking and profitability challenges, he said. Read the original story from New York Post.

 

 

Most Read

Top of the Agenda - Governance
Q&A: Converting open-end funds to ETFs

Guinness Atkinson Funds made history last year when it completed the industry’s first conversions from open-end mutual fund to exchange-traded fund. Since then, a number of ...