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NEW YORK, May 15- After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.
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By Katharina Bart and Sinead Cruise. ZURICH/ LONDON, May 2- UBS faces a renewed call to break up its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management demanded a review of the bank's structure.
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LONDON, May 2- Swiss bank UBS should consider a break-up to separate its investment banking arm, activist shareholder Knight Vinke Asset Management said on Thursday. In particular, we question the merits of keeping the Investment Bank under the same roof as the Wealth Management and Swiss Banking businesses.
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LONDON, May 2- Swiss bank UBS should consider a break-up to separate its investment banking arm, activist shareholder Knight Vinke Asset Management said on Thursday. In particular, we question the merits of keeping the Investment Bank under the same roof as the Wealth Management and Swiss Banking businesses.
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ZURICH/ LONDON, May 2- UBS faces a renewed call to break up its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management demanded a review of the bank's structure.
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By Katharina Bart and Sinead Cruise. ZURICH/ LONDON, May 2- UBS faces a renewed call to break up its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management demanded a review of the bank's structure.
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LONDON, May 2- UBS shareholder Knight Vinke Asset Management has called for a separation of its wealth management division from its investment banking division, which it claims has tarnished its reputation and damaged client trust.
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May 2- Londonmetric Property PLC:. *Espirito Santo Investment Bank raises to neutral from sell. *Espirito Santo Investment Bank raises fair value to 112 p from 100 p.
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ZURICH, May 2- Strong first-quarter results are likely to ensure UBS wins shareholder backing for its pay plans at a meeting on Thursday, though a $26 million signing-on award for investment bank chief Andrea Orcel is bound to attract criticism.
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ZURICH, May 2- Strong first-quarter results are likely to ensure UBS wins shareholder backing for its pay plans at a meeting on Thursday, though a $26 million signing-on award for investment bank chief Andrea Orcel is bound to attract criticism.
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Kim joins Deutsche Bank after working at UBS AG. The New York- based discount broker named Navtej Nandra president and head of its core retail brokerage operations. She was most recently global head of digital marketing at investment management firm BlackRock Inc and had previously worked at Citigroup Inc and Bravas Partners.
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LONDON, May 1- Credit Suisse named Marisa Drew and Ewen Stevenson to jointly lead its European investment banking business, following the departure of Jamie Welch to a client. Drew worked on deals including U.S. cable group Liberty Global's $15.8 bln acquisition of British cable group Virgin Media.
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*Deal failed to receive nod from Egypt regulator. *EFG co-CEOs under trial in Egypt on corruption charges. CAIRO/ DUBAI, May 1- EFG Hermes, one of the largest investment banks in the Middle East, plans to cut costs, sell non-core assets, and return cash to shareholders after a planned tie-up with Qatar's QInvest failed on Wednesday.
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CAIRO/ DUBAI, May 1- A proposed tie-up between Egypt's largest investment bank EFG Hermes and Qatar's QInvest has been terminated after the two parties failed to receive regulatory approval for the transaction in Egypt.
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May 1- Capital& Counties Properties PLC:. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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NEW YORK, April 30- E* Trade Financial Corp. Prior to joining Morgan Stanley, Nandra held senior management roles in investment banking and wealth management at Merrill Lynch. She was most recently global head of digital marketing at BlackRock and had previously worked at Citigroup and Bravas Partners.
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NEW YORK, April 30- Pretax profit at the Americas brokerage operation of UBS AG climbed 19 percent from a year ago and 16 percent from the fourth quarter to a record $251 million. Profit at UBS AG, which is shrinking the size of its investment bank and increasing its services for wealthy individuals globally, fell 5 percent in the quarter.
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NEW YORK, April 30- Pretax profit at the Americas brokerage operation of UBS AG climbed 19 percent from a year ago and 16 percent from the fourth quarter to a record $251 million. Profit at UBS AG, which is shrinking the size of its investment bank and increasing its services for wealthy individuals globally, fell 5 percent in the quarter.
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*Espirito Santo Investment Bank raises fair value to 300 p from 155 p; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
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April 30- Topps Tiles PLC:. *Espirito Santo Investment Bank raises fair value to 80 p from 55 p; rating buy. Reuters Station users, click. 1580.
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*Net profit 988 mln Sfr vs 601 mln Sfr in Reuters poll. ZURICH, April 30- UBS beat expectations for first-quarter profit thanks to a surge in trading income from its investment bank and more fees from wealthy clients.