UBS reshuffles wealth management business
On the 01.07.20 at 3:14PM
The group has created independent wealth management units for Western Europe, Eastern Europe and the Middle East. This will come with 500 layoffs among the 23,000 worldwide wealth management employees.
UBS probably has no regrets about hiring Iqbal Khan to co-head its wealth-management business. Just three months after arriving from Crédit Suisse, Khan seems to have the markets’ confidence.