Finance
UBS Reorganizes US Wealth Management Unit in Growth Push
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UBS Group AG made organizational changes to its wealth-management unit in the US as it seeks to lift profitability in a market that’s central for its growth plans.
The structure of wealth advisers in the US will move from two divisions to four regional units, as well as a team for international clients and an advice center, according to a memo sent to staff by country president Rob Karofsky and Michael Camacho, head of US wealth management, and seen by Bloomberg.