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UBS Wants to Buy a U.S. Wealth Manager: Chairman
By
Noele Illien
News October 30, 2024 at 12:27 PM
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What You Need To Know
- The firm is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale its business model.
- The Swiss firm's network spans more than 6,000 advisors in the Americas, far fewer than its key rival — Morgan Stanley.
- A major acquisition would likely take place several years from now, after UBS has fully intergrated Credit Suisse.
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