Zurich, Switzerland and New York, USA (GenevaLunch) – UBS has sold 55 of its Wealth Management unit branches in the US to Stifel Financial, which says it is paying the Swiss bank $27 million, due in the third quarter of 2009, plus a mix of other payments dependent to some extent on performance. The group will take on at least some of UBS’s 320 financial advisors, but the exact number has not yet been determined, it says in a press release.
Posted by Ellen Wallace on 24 March 2009 at 9:47, last updated on 15 May 2009 at 17:05 |
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News story, GenevaLunch, 24 March 2009.
Filed under: Business
Tags: branches, employees, financial advisors, Stifel Financial, U.S., UBS, Wealth Management
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