UBS may turn to M&A to boost an $800 billion business and keep up with US giants like BlackRock and Vanguard

UBS is considering acquisitions and joint-ventures to bolster its $800 billion asset management business and stay competitive with larger, fee-cutting US rivals.

Top executives at the Swiss lender, which has been gun-shy toward growing via M&A, feel the company needs to ramp up its scale to compete on a global level and may eye specialized or retail-focused US and UK asset managers for buyout, according to a report from Bloomberg.

UBS is unlikely to go after a single large acquisition, the executives told Bloomberg.

Source: Business Insider

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