Nearly a decade after UBS’s US tax evasion debacle which resulted in a multi-hundred million dollar fine, the bank will look to target American HNWIs once again with aims to capture US$70 billion worth of net inflows globally. Due to complex and onerous compliance requirements for US citizens abroad, private banks have avoided competing for the client segment in recent…
UBS GWM to capture US$70B of new inflows from Americans globally
