Swiss bank UBS has set itself the ambitious target of catching up with competitors in the United States by investing heavily over the next three years, Director of Global Wealth Management, Iqbal Khan, told NZZ am Sonntag.
The goal is to acquire $150 billion (CHF130 billion) in new customer funds each year.
On the customer side, the bank is expected to constitute a counterweight to the oligopoly of American banks. “We have the unique opportunity to be a fully global bank based in Switzerland,” noted Khan.
As for the fear that UBS's size could become a risk, Khan emphasises that on the contrary, a global presence constitutes an advantage, guaranteeing more stability and predictability of business. ...