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UBS repositions its services into 'wholesale house'
This offers customised solutions & sub-advisory capabilities, including discretionary portfolio services for ultra-high-net-worth clients and white-labelled fund management services
"We knew we had to have passive strategies, but we are strong in active funds. We had too many funds. We needed to scale them down to bring what's really good to clients.'' - Rene Buehlmann, UBSAM head for Asia-Pacific.
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...
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