The Ledger
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UBS was effectively insolvent before 1998 Swiss Bank merger, says Milgram
“UBS was effectively insolvent and there'd been a shotgun marriage forced by the Swiss national bank.”
Matthews: 60% of UBS US wealth assets belong to ultra-high-net-worth clients
“In the US, two trillion dollars of assets under management, about 60% of those assets are in ultra high net worth assets. It's been the fastest growing client segment That we've had at our firm for the last 15 years.”
Matthews: UBS manages over $6 trillion in total wealth globally
“We're the world's largest global wealth manager. We manage on our wealth platform alone over four trillion dollars. If you include our asset management company, we're over six trillion dollars of wealth around the world. 2.1 trillion of that wealth sits in the…”
Matthews: UBS ranks as largest wealth manager across Asia, LatAm, and EMEA
“We're the largest wealth manager in Asia. We're the largest wealth manager now in Latin America after our Credit Suisse acquisition. And we're the fourth largest wealth manager in the United States based on assets under management from wealth clients. Also the…”