UBS repositions its services into 'wholesale house'
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UBS Asset Management (UBSAM) lost nearly half of its assets following the 2008 financial crisis, but a recent improvement in net new money inflows this year may signal a turnaround.
At its peak around 10 years ago, UBSAM had group assets under management (AUM) of roughly 1.3 trillion Swiss francs (S$1.8 trillion), making it one of the world's largest. But it endured massive withdrawals post-crisis as large institutions sought to diversify their exposures away from large banks and bank-owned asset management firms.
As at the third quarter of this year, total AUM came to 744 billion Swiss francs.
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