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Trump's rise to power disappoints ESG investors UBS Wealth Management believes concerns have been exaggerated
UBS Global Wealth Management said Donald Trump's return to the White House is unlikely to weaken environmental, social, and governance (ESG) investments. Strategists, including Amantia Muhedini, said in a customer report that although traditional ESG stocks such as solar and wind energy were suddenly sold off after Trump won the election on November 5, long-term demand for continued investment in fields from renewable infrastructure to electrification will remain strong. “Leaving politics and geopolitics aside, the economic prospects for renewable energy, electrification, and infrastructure remain attractive, and long-term demand is visible,” they
Three UBS Advisor Teams Named to the Forbes America's Top Wealth Management Teams Private Wealth List
UBS Announces Call Settlement Amounts for Seven ETNs
UBS Group is restructuring its wealth management department in the USA to drive growth.
In order to improve profitability in the USA market, which is crucial for its growth plans, UBS Group has made structural adjustments to its wealth management division in the USA. According to a memorandum sent to employees by Rob Karofsky and Michael Camacho, the heads of the USA wealth management business, the business will shift from two departments to four regional departments, along with an international client team and a consulting center. UBS is seeking to obtain a broader banking business license in the USA. In addition to the immediate integration of Credit Suisse, CEO Sergio Ermotti is also focusing on expansion in the USA.
Sector Update: Financial Stocks Mixed Tuesday Afternoon
Sector Update: Financial
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