UBS group CEO Ralph Hamers is no stranger to the merits of technology - after all, he had last led Dutch bank ING Group to its fame as a top digital-led lender in Europe during his tenure as CEO.
Having moved to the world's largest wealth management bank just about a year ago, Hamers is bringing that technology expertise into a fiercely competitive - and expensive - business.
That differentiating edge would allow the bank to capture a bigger share of the private-markets business, said Hamers in an interview with The Business Times. In that space, arguably richer opportunities abound today but are harder to track and matchmake to clients than publicly traded assets.
UBS is also moving to...