A UBS logo design is seen beside Credit Suisse at the Bahnhofstrasse before a press conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Get Licensing Rights
Exciting news coming from Swiss bank UBS! The company is gearing up to expand its presence in the U.S. market, aiming to achieve $150 billion in net new cash flow annually. This strategy was unveiled by Iqbal Kahn, head of its asset management division, in an interview published in Swiss paper NZZ Am Sonntag on Sunday.
As the fourth-largest asset manager in the United States, UBS is preparing to make significant investments over the next three years, according to Kahn.
Reporting by Victoria Waldersee, Paul Arnold Editing by Bernadette Baum
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