MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 14, 2013 Sorry, This Wirehouse Is Not For Sale Worry not, distribution fundsters; the smallest of the U.S. wirehouses is not for sale. UBS' [profile] executives in Switzerland reaffirmed that the firm's U.S. wealth management business is not for sale, according to a Reuters report. Chief executive Sergio Ermotti confirmed this in a conversation with a "group of businessmen," according to the story. "It has always been my view that it would be a terrible strategic mistake for UBS not to have a significant presence in what is arguably the most important financial centre and wealth management market globally," Ermotti said. For more details, check out the original story here. Printed from: MFWire.com/story.asp?s=43283 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |