UBS is cutting jobs at its asset management arm as it increases its focus on growth in China and passive investing, according to Bloomberg.
The Swiss bank is said to have cut at least 100 positions at its asset management unit in areas such as distribution over recent months. Around 30 of these losses took place in the US. According to...
Case finds 'no misconduct' within Tinney's dealings
Reiterates 'buy' recommendation
Brexit risk putting investors off domestic stocks
Four investment trends in new-look portfolio