•   
  •   

US News in UBS Tobt Travambampf for the Global Family Office: Circles

19:50  25 october  2021
19:50  25 october  2021 Source:   finanzen.net

Mali: The elections threatened by the offensive of Katiba Macina in the center?

 Mali: The elections threatened by the offensive of Katiba Macina in the center? © Stringer / AFP Jihadist fighters in Mali (Illustration). The security situation is degraded tragically in the country. For several weeks, the Katiba Macina of Amadou Kouffa, a member of the Support Group for Islam and Muslims, the Iyad AG Ghaly JNIM, is at the offensive in several sectors of the center of the country: Gourma, Country Dogon , Niono and Djenné circles ...

(Bloomberg) - In UBS Group AG, the independent status of the division could be called into question, which takes care of some of its richest customers. Reason for this are according to persons with knowledge of the situation internal disputes about how the profits between Wealth Management and Investment Banking are split.

Most Read From Bloomberg

Cities' Answer to Sprawl? Go wild. Hamburg Is at the Heart of Germany's Growing Dilemma Over China Why Americans and Britons Are Rushing to Buy Idyllic Homes in Italy One of California's Wealthiest Counties Could Run Out of Water Next Summer The Top Money Maker at Deutsche Bank Reaf Receive Billions from Singapore

The Swiss Group is therefore considering to throw the existing system over the pile that splits the gain between the two divisions based on different products and services. It could be replaced by a permanent agreement that regulates transactions between the two areas report the persons. No decisiones were still made, which is partly because the heads of the two divisions are not yet in agreement.

FDP and green cognitive about monetary policy

 FDP and green cognitive about monetary policy Berlin. The traffic lights parties have fundamentally different views, as far as the succession of the Bundesbank boss and the future course of monetary policy are concerned. The search for a successor or successor for Jens Weidmann can burden the potential new government. © Kay Nietfeld Bundesbank President Jens Weidmann (53) has asked the Federal President for his release at the end of the year.

The Global Family Office, which cares about the super-rich customers of the bank, is the focus of the talks, so the persons. The area is headed by Joe Stadler, which was considered a great winner of a restructuring of the bank two years ago.

Meanwhile, the head of Wealth Management, IQBal Khan and Tom Naratil, are unfortunate that the GFO usually shares half of his profit with the investment bank, the persons say. UBS has not yet decided how the overarching agreement looks exactly; In the end, however, the GFO could be dissolved in its present form, it was said.

A spokesman for UBS refused an opinion.

Wealth Heavyweight © Bloomberg Wealth Heavyweight

If the changes are implemented, this would be one of the biggest changes within the bank under Chief Executive Officer Ralph Hamer, who has taken over the rudder of Sergio Ermotti a year ago. Hamers wants the bank to operate more cross-departmental. However, changes to the existing system could revive old rivalries between investment bank and wealth management.

Climate: Inhabitants of Threatened Islands Continue the Australian Government

 Climate: Inhabitants of Threatened Islands Continue the Australian Government © Talei ELU Aerial view of the Australian Island of Boigu whose inhabitants filed an appeal to force the government to reduce its carbon emissions and to protect them from the climate change, photographed by the NGO Grata Fund on 21 October 2021 Aboriginal people living in northern Australia Islands tabled Tuesday a legal action to try to force the government to protect their land by further reducing its emissions of carbon.

The speculation on the GFO has increased in the last six months after the future of the area in strategy sessions in summer was a discussion topic, the persons.

The Bank's strategy was based on offering the super-rich access to sophisticated investment banking services in the last ten years. Now the executives discuss easier alternatives. With a new agreement, Wealth Management could claim a part of the profit for itself, which is currently being removed to the investment bank, so the persons.

headline in original:

UBS Weigh's Changes to Elite Global Family Office in Profit Talks

Most Read from Bloomberg Businessweek

Colombia's Rain Shaman Got Paid To Stop The Storms, Until Hou Couldn't You Could Be Competing With Bots to Buy Gifts this christmas

© 2021 Bloomberg LP

global warming reveals cruelly mount Everest Secret .
Global global warming has now disclosed a cruel secret at the Mount Everest. © Zzvet, iStock / iStock The Mount Everest gives deadly secret price (Collage). global warming reveals cruelly mount Everest secret the corpses of hundreds of people who died at the Mount Everest were first discovered when the glaciers started melting. The victims were previously preserved in the ice.

usr: 1
This is interesting!