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UBS GWM soaked up US$28bn NNA in quarter that saw Credit Suisse collapse

UBS Global Wealth Management (UBS GWM) saw strong client momentum in 1Q23 reporting net new money of US$28 billion. Much of these inflows appeared to arrive after news broke of the shock UBS-Credit Suisse acquisition in late March, as UBS soaked up US$7 billion – or 25% – of that figure in the last ten days of March alone. “During…

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