Market Chatter: UBS Eyes Rewards to Bankers for Landing New Clients-February 2024-www.financetom.com

Market Chatter: UBS Eyes Rewards to Bankers for Landing New Clients

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Market Chatter: UBS Eyes Rewards to Bankers for Landing New Clients

May 10, 2024 4:36 AM

07:17 AM EDT, 05/10/2024 (MT Newswires) -- UBS Group ( UBS ) is considering a plan to reward bankers who land rich clients for the investment bank's wealth management business, Bloomberg News reported Friday, citing people with knowledge of the matter.

The sources said that bankers who attract fresh clients in Asia and Europe would receive referral fees. Details remain under discussion and no decision has yet been made, the sources told Bloomberg.

UBS did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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