UBS Starts Regional Private Markets Groups to Boost Alternatives
- Firm seeks to offer more investments in unlisted assets
- Announcement follows similar setup in the U.S. market
A traffic light shine green near the UBS Group headquarters in Zurich.
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UBS Group AG is setting up European and Asian teams to bring more private market deals to its wealthy clients as part of a global push to boost its offering beyond regular securities.
Giuseppe De Filippo will lead distribution teams for Europe, the Middle East, Africa, and Switzerland, according to a memo sent to staff on Tuesday. Enrico Mattoli will oversee distribution efforts for the Asia Pacific region, said the memo, which was confirmed by a UBS spokesman.