UBS’s wealth-management business had already seen enviable performance over the 10 years since it set itself the ambition of being the world’s leading global wealth manager in 2012. But, with the acquisition of Credit Suisse, the last 12 months have seen it take another step forward.
The bank likes to describe itself as the only truly global wealth manager and boasts that building a similar franchise elsewhere would likely be impossible now.
For the wealth-management unit, the Credit Suisse impact in terms of scale was most evident in the regions outside the US – with invested assets rising some 50% in Asia, Europe and Switzerland.
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