UBS streamlines operations to woo UK wealth management clients
UBS has unveiled a campaign to integrate its UK stockbroking unit with the rest of its private banking operations, in an attempt to hold on to more than 10,000 wealth management clients, according to a report in the Financial Times.
Under the plan, more than 10,000 clients with £4bn (€5bn) in assets will be transferred from Laing & Cruickshank, the private client stockbroker UBS acquired in 2004, to its private banking unit.
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