UBS Plans Major U.S. Expansion, Seeking $150B in New Assets Over Next 3 Years
- UBS plans to expand presence in U.S. market to hit $150B in net new money per year
- UBS is 4th largest asset manager in U.S. and plans major investments over next 3 years
- Move part of broader strategy outlined by head of asset management division
- Comes as UBS seeks to grow its business and market share
- Follows years of restructuring at Swiss bank to focus more on wealth management