UBS Tops Ranking of World’s Wealth Managers for Second Year
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UBS AG led a ranking of the world’s biggest wealth managers for a second straight year as asset growth more than doubled among the top 209 firms, a study showed.
Assets under management at the Zurich-based lender rose 15 percent to $1.97 trillion, cementing its No. 1 spot in the ranking by Scorpio Partnership, a London-based consultancy. Bank of America Corp. was second with $1.87 trillion, followed by Morgan Stanley, Credit Suisse Group AG and Royal Bank of Canada, all unchanged from a year earlier.