2.0
Aug 9, 2010
Recommend
CEO approval
Business Outlook
Pros
Capitalises (or capitalised before 2008) on UBS' brand strength (weakness). Benefits, standardised at the UBS Group level, and its global presence are the few positives.
Cons
Cost-cutting has been the mantra for the last two years and has reduced resources (including compensation) to minimal levels. Its overall ability to attract funds is relatively weak compared to larger asset-manager competitors and is also intertwined with Wealth Management's reputation and brand strength which has suffered considerably since UBS' U.S. tax litigation, major financial losses and management changes.
