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UBS GWM to capture US$70B of new inflows from Americans globally

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…

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