UBS looking to acquire European asset managers
UBS, the listed Swiss bank, is looking to acquire European asset managers, Aargauer Zeitung reported. The Swiss daily cited UBS European Asset Management Chief Jakob Stott who made this comment in a newswire interview on Wednesday.
Stott said it is important to gain market share even in difficult times, noting that sooner or later consolidation will occur. Stott said he would not pay over the odds and candidates must be good strategic fits and easy to integrate.
UBS acquired targets in Italy and Spain last year, the report stated.
Aargauer Zeitung