Swiss banking giant UBS is set to carry out a review of its Australian wealth-management arm, that may result in a sale of the unit.
The move comes after the group’s global wealth-management unit registered lower-than-expected earnings in the fourth quarter.
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Australian Financial Review quoted UBS Australia wealth management head Mike Chisholm saying that the issues to be highlighted in the review include management structure and the technology platform.
However, people familiar with the issue said that the process may or may not result in a sale of the business.
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