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Khan Puts Stamp on UBS With Plan to Revamp Unit for Super Rich

  • Wealth heads Khan, Naratil to split up unit for the ultra rich
  • UBS also plans changes to accelerate lending to rich customers
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WATCH: The restructure is being led by new co-head of wealth management Iqbal Khan.Source: Bloomberg
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Less than three months after joining UBS Group AG, Iqbal Khan is starting to put his stamp on the world’s biggest wealth manager.

Khan and Tom Naratil, the two co-heads of wealth management at the Swiss lender, plan to break up the ultra high net worth business led by Joseph Stadler and set up a new unit specifically for rich clients who require investment banking services, people with knowledge of the matter said.