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UBS' Big Private Bank Winner
UBS' private banking mega-merger boosts the influence of one private banker enormously: Joe Stadler. The Swiss bank's head of ultra-wealthy clients fought long and hard for the promotion. A finews.com profile. Joe Stadler isn't much-loved within UBS,...
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UBS: Stadler's Strategy for the Rich
UBS is the bank for the super rich – and Josef Stadler wants to expand this business. His plan: a reward system for his client advisers. Josef Stadler has gained considerably in stature within the bank with the forming of the UBS super unit Global...
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UBS Reworks Super-Rich Unit
UBS continues to tussle with how to cater to the lucrative super-rich tier: the Swiss bank is planning changes for the $1 trillion business led by top banker Josef Stadler. The Zurich-based wealth manager is whittling its ultra-high net worth business,...
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UBS Tackles «Big Ego» Billionaire Givers
Jamie Dimon, Ray Dalio, and Warren Buffett are among big-name billionaires worried about pitchforks coming. UBS wants to harness «big ego» charitable projects for better results. The number of billionaires edged lower by 57 last year to 2,101 people,...
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UBS Private Bank: Winners and Losers
Who emerged victorious from a major shuffle at the Swiss wealth manager, and who was left out in the cold? finews.com parses who won and who lost in UBS' latest private banking revamp. WINNERS: Joe Stadler: The investment banker-turned-super-rich...
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UBS: The American Dream
The Americas are the motor behind the wealth management of UBS. Switzerland's No. 1 bank is currently revamping the business in that crucial region, in the hope that it will receive a welcome boost from U.S. clients. UBS and the U.S. – a relationship...
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Billionaire Gap Widening Fast, Says UBS
The pandemic is accentuating a trend among billionaires, according to a widely-read annual report on the ultra-rich. The world's super-rich are growing wealthier than ever in the pandemic: the total wealth of the 2,000 richest swelled to $10.2 trillion...
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UBS Asia Private Bank Rejigs
UBS has announced organisational changes to its wealth management and ultra-high net worth business in Asia. The moves follow the follow of high-profile private banker Ravi Raju from Deutsche Bank. Amy Lo has been appointed Chairwoman and head of UBS's...
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UBS: Distinct Lack of Impulse
UBS is working hard to stop the decline in earnings, but cost cuts alone won't bring back growth. Nine aspects of UBS' performance – problems and rare glimmers of hope. 1. Cost Cuts Don't Bite UBS is fighting an never-ending war to contain growing...
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What’s Ailing UBS’ Mega-Wealth Unit?
The mega-merger of UBS’ flagship wealth business was meant to enliven the Swiss bank’s shares. Instead, 18 months on, the move raises more questions than answers it provides. Eighteen months after a wealth management and former Paine Webber brokerage...
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UBS, Credit Suisse Hand in Hand?
Swiss banking giant rivals UBS and Credit Suisse are reportedly cooperating for once. And the common goal is apparently a listing for one of the country’s most successful industrial companies. The specialist rolling stock manufacturer Stadler Rail –...
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Top UBS Banker Departing
A banking veteran who shaped UBS’s wealth management is leaving. Joe Stadler is leaving UBS at the end of 2023 for retirement, «Bloomberg» (behind paywall) reports, citing anonymous sources. Stadler, the architect of UBS’ family office business and...
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UBS Revamps Family Office
The architect of UBS’ family office business and top banker, Joe Stadler, is stepping aside as the unit gets an overhaul. UBS is reshuffling its global family office division, which caters to the needs of its wealthiest clients, as «Bloomberg» reported...
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Credit Suisse's Benjamin Cavalli Swims Against the Tide
In contrast to the Group level, former Credit Suisse bankers are increasingly joining the ranks at the helm of UBS Asset Management. It's probably not without reason that Iqbal Khan, the head of the division, is more integrative than his boss Sergio...
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Banking With the Ultra-Rich: UBS' Kodak Moment?
UBS has the biggest number of billionaires among its clientele – but this is not paying off quite as it is intended to do. The super-rich prefer to make their own investment deals. Since the merger of the wealth management divisions, UBS has been...
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Behind UBS' Super-Rich Revamp
The Swiss wealth manager's recent revamp of its super-rich unit raised eyebrows. The initiative for the idea didn't come from Iqbal Khan, its new co-head of private banking. UBS CEO Sergio Ermotti in October gave his new hire, wealth management co-head...
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At UBS, «Christl» Rises
Following several exits at UBS, Christine Novakovic is emerging as the strongwoman of the Swiss bank's wealth arm. The ambitious European boss faces resistance as she plots her next career move. She's called «Christl» in banking circles: Christine...
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UBS Replaces Investment Strategist to Super-Rich
UBS is promoting from within its ranks following the departure of a well-known veteran strategist to the super-rich, finews.com has learned. The Swiss bank is naming Maximilian Kunkel as the head of investments for its ultra-high net worth unit,...
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UBS and Credit Suisse Battle for Super-Rich, Margins
Ahead of UBS' and Credit Suisse's results, finews.com whether the Swiss wealth giants' focus on the super-rich will pay off – and when shareholders will put pressure on UBS boss Sergio Ermotti. The second-quarter headwinds in capital markets and...
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UBS Advances to Jet-Setter's Bank
UBS is making inroads with the lucrative super-wealthy segment, but Switzerland's largest bank still has some open issues at its flagship 2.3 trillion Swiss franc wealth management arm. If UBS' more than 9 percent hike in net profit to 1.28 billion...
