1” among foreign players in the private fund business, Yin said. The Swiss wealth manager also doubled the size of an earlier share buyback programme, with plans to repurchase up to $4.5bn of shares over the coming three-year period. Suni Harford, a Citigroup veteran who joined UBS in 2017, was promoted from her current role as head of investment at the asset management business to leading the entire division. * Further, it seeks to ensure its long-term survival and sustain competition from U.S. rivals. View the latest UBS Group AG (UBS) stock price, news, historical charts, analyst ratings and financial information from WSJ. Around 1,150 internal and external FTE from the Group Functions (excluding staff supporting AM less than 80% of the time). /*-->>. The Zurich-based bank has obtained licenses ranging from banking and securities to fund management, giving it one of the most diversified portfolios among foreign firms in China. Contacts. UBS Asset Management has appointed a new head of investments, following the promotion of Suni Harford to president of the investment firm earlier this year. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself from scammers. UBS Global Asset Management News and Updates from The Economictimes.com. The long-term presence underpins UBS’s asset management operations by raising brand awareness and providing a ready client base, he said, lowering two key hurdles that have hampered new entrants. UBS Asset Management’s data chief sets out his recommendations for using alternative data in the investment process. UBS’ restructuring initiatives to invest in profitable areas to better serve clients is encouraging. UBS Asset Management has made its second US investment for its latest infrastructure fund.. High potential fees: UBS Wealth Management’s asset-based fee rate can go all the way up to 2.50%, and the advisor can charge an additional manager fee on top of that. /*-->*/. UBS has named Raymond Yin as the new head of its asset management business in Asia Pacific, replacing Rene Buehlmann. UBS Global Asset Management News and Updates from The Economictimes.com. Their last reported 13F filing for Q4 2020 included $213,179,030,504 in managed 13F securities and a top 10 holdings concentration of 23.04%. Dive Brief: State Street is in talks to merge its asset-management business with that of UBS, The Wall Street Journal reported Friday, citing anonymous sources. ... (if we already have it) and for us to email you about commercial real estate news and events. Asset management produced a 120 million Swiss francs profit before tax, while the overall UBS group profit was up 32% to 1.2 billion Swiss francs. The property was bought from a private individual on behalf of the UBS Long Income UK Property Fund (UBS-LIF Property, the Fund), and will continue […] Updates with industry rules in 7th paragraph, performance in 13th. The bank has been able to obtain licenses of services from banking and securities to fund management. This is extremely high, even for small accounts. Source: UBS Asset Management, 31 December 2020. UBS Global Asset Management News and Updates from The Economictimes.com. Type a symbol or company name. Under new regulations introduced this year, foreign firms such as UBS can take full control of their mutual fund joint ventures in China, or seek partnerships with a local bank’s asset management arm to increase offerings. UBS Group AG (UBS Quick Quote UBS - Free Report) is mulling to use the new relaxed regulations in China to its advantage by strengthening its asset management business.The news was … Currently, the company carries a Zacks Rank #3 (Hold). Do Not Sell My Personal Information (CA Residents Only). Last April, it was reported UBS was in talks with Deutsche Bank “for a couple of months” over a possible merger of their two asset management arms, however, nothing came of it. Vodafone Idea 12.90 1.0. Their last reported 13F filing for Q4 2020 included $213,179,030,504 in managed 13F securities and a top 10 holdings concentration of 23.04%. UBS Asset Management (UBS AM) has launched the world’s first ETF to apply strict ESG criteria to the S&P 500 equity universe. State Street Corp. and UBS Group AG are in talks to merge their asset-management businesses, according to people familiar with the matter. UBS has posted a 137% year-on-year growth in Q4 2020 profit, driven by wealth and asset management businesses. UBS Asset Management is a company that sells mutual funds with $59,773M in assets under management. UBS hiked bonuses for a select group of senior staff by nearly 50% after a bumper year for the Swiss bankers traders and investment bankers. The average expense ratio from all … (Photo: Bloomberg) State Street and UBS Group are having discussions about the possible merger of their asset-management businesses, according to … “Because others with senior management outside China cannot come in.”​, — With assistance by Sharon Chen, and Dingmin Zhang, Swiss bank plans to add staff after doubling headcount, Global giants coming in, challenging UBS’s first-mover edge. All of UBS’s 16 private funds have generated positive returns this year and since inception, building a track record of stable performance that helps it win clients, he said. The following information is intended exclusively for qualified investors within the meaning of Art. It operates through the following segments: Global Wealth Management;; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The two companies diverge on the matter of which one was to take the lead over the combined business. Kehl, who was named head of global fund investment solutions at UBS in 2018, is to become head of products at UBS Asset Management, effective March 30, a UBS spokesperson confirmed. The asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in "serious" merger talks, the Financial Times reported on Tuesday, citing people familiar with the discussions. [CDATA[/* >