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 recent changes has UBS made to its asset management business?

How does UBS plan to manage costs in its asset management unit?

What is the significance of asset management for Swiss banks like UBS?

What challenges is UBS facing in its asset management sector?

What strategies is UBS considering to enhance its asset management business?