UBS wealth management co-head Khan unveils plans to grow business: paper

FILE PHOTO: Iqbal Khan, CEO International Wealth Management of Swiss bank Credit Suisse, smiles as he speaks during"The Wealth Management Industry - Into the next decade" at the Reuters Global Wealth Management Summit, Park Hyatt hotel, Zurich Switzerland, June 13, 2016. REUTERS/Arnd Wiegmann

Khan, the former Credit Suisse star manager who is now co-head of wealth management at UBS, said in a memo to staff he wanted to see “quick wins while working on long-term strategic solutions,” Sonntagzeitung wrote on Sunday. “We must make sure that we not only keep our competitors at a distance, but we also increase the distance to them,” the executive wrote.

The executive, wants to integrate more closely the activities of UBS’s asset management business with its investment bank, the newspaper reported.

As in counterfeit?

In other news, UBS helped some 52,000 U.S. residents hide billions of dollars in untaxed assets in secret Swiss accounts between 2000 and 2007. They were sued for tax fraud. Look it up. ARS

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