UBS AM open to acquisitions to drive growth
Consolidation will continue in the funds industry amid rising cost pressures, with mid-sized firms feeling the tightest squeeze, says Ulrich Koerner, president of UBS Asset Management.
UBS Asset Management is now open to inorganic growth as it looks to boost revenues, the firm's global president has told AsianInvestor, amid the rising trend towards consolidation in the funds industry with its attendant implications for investor clients.
Asked whether the $805 billion Swiss fund house would consider acquisitions, Ulrich Koerner said during a visit to Hong Kong: “Four or five years ago, we couldn’t even think about inorganic opportunities. But today, after …
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