Pursuits
UBS Adds Israel Wealth Bankers as Tech Boom Breeds Millionaires
- Wealth-management business has almost 1,000 Israeli clients
- Swiss bank to recruit more talent to serve growing market
This article is for subscribers only.
UBS Group AG is adding staff to its wealth-management business in Israel as a boom in the country’s technology industry turns a growing number of entrepreneurs into millionaires.
The Swiss bank at the end of October hired two more people to advise clients and now has 60 employees managing the wealth of the country’s richest residents, said Kobi Faigenbaum, vice chairman and chief executive officer of UBS Wealth Management Israel. The bank may add more people to the unit to meet demand, he said.