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UBS Looks To US For Growth, Needs To Hire There – Report
Stephen Harris
15 October 2008
The head of
UBS global wealth management Raoul Weil has told a Swiss newspaper that the company plans to build its wealth management market share in the
US, according to a Reuters report.
"
UBS is one of the biggest players in wealth management with a share of around 4 per cent, but there is still very big growth potential. We want to grow further. Business in
America has the biggest asset-pool. Therefore, we want to grow our market share."
He also said that growth in the
US depended on the ability to recruit client advisors, other potential risks to growth being legal or regulatory issues.