As part of its ambition to reach $150 billion in net new money or inflow of new funds, annually, Swiss bank UBS intends to increase its presence in the U.S. market, an official told the Swiss newspaper NZZ Am Sonntag in an interview that was published on Sunday.
Iqbal Kahn, president of the company’s asset management division, told the publication that the fourth-largest asset manager in the US intends to make significant investments over the next three years.
