View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
August 4, 2009

Breaking: UBS again splits WM business

By Spear's

UBS has restructured its wealth management business, splitting the Wealth Management & Swiss Bank division into Swiss and international arms, according to an internal memo obtained by Reuters.

From Wealth Briefing:

UBS has restructured its wealth management business, splitting the Wealth Management & Swiss Bank division into Swiss and international arms, according to an internal memo obtained by Reuters.

Juerg Zeltner was named head of the international wealth management business, while Franco Morra will head UBS Switzerland.

Having been split, the two units will continue to cooperate closely, the report said, and share some administrative and cost functions.

Marten Hoekstra will continue as chief of the Swiss bank’s Wealth Management Americas business, which continues unchanged.

UBS was unavailable to comment at the time of publication.

UBS reorganised its wealth management divisions into two elements Wealth Management & Swiss Bank, and Wealth Management Americas in February of this year; Messrs Morra and Zeltner – two new group executive board members – were appointed to co-head Wealth Management & Swiss Bank.

Content from our partners
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight
Meet the females leading in the FTSE

To read the full article, visit wealthbriefing.com

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network