UBS considers acquisition to expand Americas business
Updated
Updated · Wealth Management · May 6
UBS considers acquisition to expand Americas business
11 articles · Updated · Wealth Management · May 6
CEO Sergio Ermotti said in St Gallen the bank may buy another firm after first-quarter client inflows of $5.3 billion followed three quarters of outflows.
UBS recently won a full US bank licence and plans payments, checking and savings products, while raising compensation and benefits for US financial advisers.
Chairman Colm Kelleher has said UBS could pursue a US wealth manager once Credit Suisse integration, launched after the 2023 rescue takeover, is completed and now nears its final stages.
After absorbing Credit Suisse, what US wealth manager is next on UBS's shopping list?
Can UBS fund a US takeover while facing a $20 billion capital hike at home?
Will stricter Swiss rules push UBS to move its headquarters out of Switzerland?