UBS Weighs Changes to Elite Global Family Office

UBS, under CEO Ralph Hamers, is considering significant changes to streamline operations by implementing a fixed profit share agreement between its wealth management and investment banking divisions. This move aims to address dissatisfaction among wealth division heads over profit sharing with the investment bank. The wealth division, being the bank's largest profit generator, seeks to reclaim profits currently shared with the investment bank.

How much profit does the wealth division generate compared to the investment bank?

What are the potential benefits of the proposed changes for the wealth division at UBS?