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UBS Wealth Unit Revamp Gathers Pace With 500 Jobs Set to Go

  • Lender to split wealth business in Europe, Middle East, Africa
  • UBS seeks to speed up decision making in focus on regions
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WATCH: There has been another structural shake up at UBS.(Source: Bloomberg)
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UBS Group AG plans to cut as many as 500 private banking jobs as the lender moves forward with a wealth management overhaul aimed at strengthening regional units and speeding up decision making.