07/13/2023
The Straits Times understands that UBS, the world’s largest wealth manager, will impose a US$5,000 (S$6,700) relationship fee on private banking clients with less than US$2 million in invested assets.
07/11/2023
Against the backdrop of a volatile and uncertain macro environment, asset managers can no longer depend on improving margins by increasing assets. Instead, they are increasingly looking to optimise operational efficiency through outsourcing.
07/10/2023
On Credit Suisse, Rickenbacher said attracting former clients of the fallen Swiss lender will take time, though there will be «some redistribution of market share» in the long term.