Saturday, 22nd November 2008

 

UBS launches bonus plan to boost assets

UBS has launched a bonus plan for its brokerage business in the US to attempt to boost its market share, according to a Reuters report.

The plan gives brokers the ability to receive a bonus of up to 0.1% of net new client assets. UBS also said it will pay branch staff up to 0.03% of total assets raised by an office.

The scheme is on top of existing UBS compensation plans and gives advisers rewards for selling any number of investments, compared with product-centred campaigns of most rival firms.

The report said the move was designed to help UBS compete in a fiercely competitive market.

Brummel

Headline

Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

Rich Monitor

Ecclestone's fortune could halve following divorce

Bernie Ecclestone, the billionaire owner of Formula One, could slip to 60th on the Sunday Times Rich List following a divorce from his Croatian wife Slavica, who is tipped to get half of his £2.4bn fortune.

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