Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:UBS Global Asset Management 'Is Not For Sale' Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 2, 2009

UBS Global Asset Management 'Is Not For Sale'

News summary by MFWire's editors

A top UBS executive insists that the unit which includes the Swiss bank's mutual fund arm is not on the block.

John Fraser
UBS Global Asset Management
chairman and CEO
"The business is not for sale," John Fraser, chairman and CEO of UBS Global Asset Management, told the Financial Times.

"There have been rumours in the market for sometime and this puts them to rest," added UBS spokesman Kris Kagel in an emailed statement to The MFWire. "On Nov 3 UBS will be publishing its 3Q09 results and at that time we will be able to say more about the growth and strength of the business."

The FT's Kate Burgess and Megan Murphy note that UBS and BlackRock (the soon-to-be purchaser of Barclays Global Investors) discussed such a possible sale last year, but they report that the deal fell apart because UBS wanted an all-cash deal. According to the FT, last year also saw UBS and Credit Suisse discuss merging their asset management units. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use