A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights
Dec 3 (Reuters) – Swiss bank UBS (UBSG.S) plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net new money, or inflow of new funds, per year, an executive told Swiss newspaper NZZ Am Sonntag in an interview published on Sunday.
The fourth-largest asset manager in the United States plans to invest heavily over the next three years, Iqbal Kahn, head of its asset management division, told the paper.
Reporting by Victoria Waldersee, Paul Arnold
Editing by Bernadette Baum
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