UBS Said to Be Cutting Asset-Management Jobs

UBS is making cuts to its asset management unit, primarily in distribution and sales, to control costs. Despite being the smallest division, it had the highest cost-to-income ratio. UBS plans to reallocate resources to China, a growth focus. The bank remains committed to asset management, aligning with its strategy of asset gathering. Challenges include margin pressure and competition from passive investing. UBS aims to fine-tune operations without a major strategy shift, leveraging synergies and cross-selling opportunities.

What is the primary reason UBS is making cuts to its asset management business?

• To expand into new markets

• To control costs due to high cost-to-income ratio

• To diversify its investment strategies

• To increase the number of employees

Where is UBS planning to shift some of its resources from the asset management unit?

• Brazil

• India

• China

• Australia

What is a key focus area for UBS as it reallocates resources?

• Focusing on growth areas in China

• Expanding into the European market

• Reducing the number of branches

• Increasing passive investment strategies

What is the core strategy of UBS's business model?

• Asset gathering

• Real estate investment

• Cryptocurrency trading

• Retail banking

How is UBS planning to enhance its asset management unit's performance?

• By fine-tuning operations and leveraging synergies

• By increasing the number of branches

• By launching new products

• By acquiring smaller banks