Iqbal Khan’s promotion puts him on track for bigger things. UBS on Tuesday appointed the private banker sole head of its flagship global wealth management business. Khan, who joined UBS in 2019 from cross-town rival Credit Suisse , was already sharing the oversight of UBS’s $3.1 trillion division with veteran Tom Naratil, who is stepping down.
, was already sharing the oversight of UBS’s $3.1 trillion division with veteran Tom Naratil, who is stepping down.
Khan’s appointment looks like a leadership test. It puts the Swiss banker more firmly in control of the U.S. wealth business, whichof UBS global clients’ assets. The division, whose reliance on financial advisers bumps costs to 84% of income, has seen a year-on-year decline in profit before tax in the first quarter of 2022. Khan has an opportunity to improve the situation by going more aggressively after slightly less wealthy U.S.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Breakingviews - Temasek gets fearful when it’s time to be greedyIt’s hard to be gung-ho when markets are a mess, but that’s supposed to be the benefit of investing for the long term. Singapore’s Temasek, however, indicated on Tuesday it would be easing back on plans to deploy its $286 billion pool of state capital . It noted that bear markets only tend to bottom after U.S. interest rates have clearly peaked.
Les mer »
Breakingviews - Breakingviews: Euro weakness forces itself on ECB’s agendaThe euro falling below parity with the dollar, as seems increasingly likely, would mark a symbolic threshold for watchers of the single currency’s history. It hasn’t been that low since 2002. For European Central Bank President Christine Lagarde however, the weak currency is both an implicit criticism of the central bank’s monetary policy, and a further thorn in its side.
Les mer »
How to find, read and organize papersMaya Gosztyla decided to rethink her approach to research papers after she had trouble keeping track of the published literature.
Les mer »
How to find, read and organize papersMaya Gosztyla decided to rethink her approach to research papers after she had trouble keeping track of the published literature.
Les mer »
How to find, read and organize papersMaya Gosztyla decided to rethink her approach to research papers after she had trouble keeping track of the published literature.
Les mer »
Cost of living most pressing issue in both Saskatchewan, Manitoba: pollIn Saskatchewan, 68 per cent say the rising cost of living is one of their top issues, well above health care, the economy and jobs, the province\u0027s $1.47…
Les mer »