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UBS Aims to Be a World Leader in Farm Commodities, FT Reports

Dec. 1 (Bloomberg) -- UBS AG, which restarts its global commodities business today, said it will make agriculture a top priority, the Financial Times reported, citing Jean Bourlot, the Swiss bank’s global commodities chief.

Bourlot said that in agricultural commodities, UBS wants to “become a market leader,” the newspaper reported.

The bank largely abandoned its commodities business after the 2008 financial crisis, the FT said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge in London at ckeatinge@bloomberg.net.

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