UBS is reportedly planning to reorganise its asset management business in France as it continues to focus primarily on private banking.
"A reorganization is planned for (UBS subsidiary) CCR Asset Management," a spokeswoman for UBS France told Reuters.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Swiss banking giant is holding talking with unions over possible layoffs, Reuters reported.
The spokeswoman refused to go into further details on the changes as the consultation process was still ongoing.
However she clarified that the restructuring is not related to the bank’s recent legal troubles in France.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
