Finance
UBS Revamps Leadership of Asset Management Unit
- Asset management head details changes in internal memo
- Changes designed to integrate and streamline activities
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UBS Group AG’s new head of asset management reshuffled the unit’s leadership, the latest overhaul at the bank as it integrates Credit Suisse.
The leadership changes come alongside a push to streamline the division’s product offering and reduce its cost base, head of asset management Aleksandar Ivanovic said in an internal memo to staff that was seen by Bloomberg. He said 2024 would be a “critical year” for the integration of Credit Suisse into the business.