UBS Global Asset Management has launched a US equity tracker with an ongoing charge figure (OCF) of 9bps to compete with established product providers.
Investec Wealth and Investment has hired three members of UBS Wealth Management's senior team as it expands its London office.
UBS is formally reducing securities lending on its ETF funds to 50%, following in the footsteps of ETF giant iShares.
The Financial Conduct Authority has banned a former UBS trader from regulated financial services due to failings associated with rogue trader Kweku Adoboli.
UBS Wealth Management's research team is finding better value opportunities in Europe than in emerging markets, pointing to the latter's political instability and lack of earnings momentum.
Deutsche Asset & Wealth Management has become the latest ETF provider to enter the price war raging across the sector, creating a range of low cost db X-trackers with an all-in annual fee of 9bps.