asset management, UBS
Exclusive: UBS weighs asset management overhaul to reduce costs, sources say
UBS is weighing plans to cut several hundred million dollars of costs in its asset management division as the bank studies options for a business whose profit is under pressure, people with knowledge of the discussions told Reuters.
UBS Group (UBS) Plans to Reduce Cost in Asset Management Unit
UBS Group AG UBS plans to reduce hundreds of millions of dollars in expenditure in its asset management division, per Reuters. The bank is looking into cost-cutting opportunities for the particular segment as its profits are under pressure.
UBS mulls plans to overhaul asset-management arm to cut costs - report
UBS Group (NYSE:UBS) is considering revamping its asset-management unit by cutting at least $300M in costs as its profit remains under pressure, according to a media report dated Thursday. In 2023, the asset-management unit contributed less than 7% to UBS's (UBS) total revenue.
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