UBS Group has about $200 million in exposure to Russian assets that were used as collateral in loans to clients at its wealth unit. The Swiss bank also identified “a small number” of wealth management clients who have been sanctioned ...

The recent UBS acquisition of Wealthfront for an eye-popping $1.4 billion brings down the curtain on Act II in the long-running drama, “Robos on Wall Street.” What will happen in Act III, and how will the show end? First, review ...

Like its competitors, UBS global wealth management closed out 2021 with a bang, reporting Tuesday that in the Americas region, it added $21.9 billion in net new fee-generating assets for the quarter ending Dec. 31. That’s a big leap when ...

UBS Group has become an investor favorite in recent years as a reliable beacon of profitability. For Chief Executive Ralph Hamers, such stability poses a challenge: how to fix something that isn’t visibly broken. Coming from ING Groep, the Dutch lender ...

UBS Group agreed to buy U.S. robo-adviser Wealthfront for $1.4 billion in cash, the first major acquisition of a fintech company under Chief Executive Ralph Hamers. The deal will add more than $27 billion in assets under management and over ...

After leaving UBS at the end of 2020, Robert J. McCann is returning to the financial advice industry as co-chair of NewEdge Capital Group, which works with 300 financial advisers and $30 billion in client assets. McCann is working alongside ...

Former Credit Suisse Securities brokers recently added to their arbitration winning streak against the firm over deferred compensation. In a Dec. 23 award, three Financial Industry Regulatory Authority Inc. arbitrators ordered Credit Suisse to pay seven of its former brokers ...

Two advisory teams in Idaho, collectively managing $648 million, have joined the employee channel of Raymond James. Christine Satterfield and Harry Tharp managed $341 million at Wells Fargo in Boise, Idaho. Satterfield began her career 24 years ago with Merrill ...

UBS Group nominated former Morgan Stanley President Colm Kelleher as its next chairman, tapping an executive with broad banking and wealth experience to help oversee the firm’s pivot towards digital. Kelleher, 64, will stand for election to succeed Axel Weber ...

UBS Group is in talks about ending the stand-alone status of a key unit that deals with some of its richest clients because of internal wrangling about how profits are shared between the wealth management and investment banking businesses. The ...