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.
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