Although the economic slowdown and lack of transactions have put pressure on some Wall Street and European banks, multinational investment banks and financial service companies Swiss Bank Group (UBS Group) said that they are still committed to expanding their wealth and asset management in Chinabusiness.
Qian Qian Qian Qian Jun on Monday (January 8) held a Bloomberg TV interview between the UBS China Seminar held in Shanghai on Monday (January 8) in Shanghai. China is an important global strategy.In the market, UBS especially wants to expand its wealth and asset management platforms in China.
Qian Yujun said that UBS signed a memorandum of understanding with Industrial and Commercial Bank of China last year to provide services to customers around the world and China.The agreement is part of UBS's decades of expanding influence.
He said that UBS has used the level to develop in China for more than 30 years. The company has made good progress in integrating Credit Suisse businessEssence
Bloomberg reported in December last year that after UBS acquired Credit Suisse and integrated into a bank group, UBS reported that it decided not to accept the China Wealth Management Team of Credit.Ten employees will be cut.
In March of last year, Creditses fell into a trustworthy storm and faced bankruptcy. Under the intervention of the Swiss government, UBS agreed to take over Credit and completed the acquisition of Credit CITS in June of the same year.This is also the largest merger since the financial crisis in 2008.
