UBS Group AG plans to open a wealth-management business in Qatar after its chief executive officer marked his first day on the job by signing a memorandum of understanding with the country’s Investment Promotion Agency.
The Zurich-based bank’s CEO Ralph Hamers and Chairman Axel Weber clinched the initial agreement on Sunday with Ali Al Kuwari, Qatar’s Minister of Commerce and Industry, the government-backed Qatar Financial Centre said in a statement. It didn’t give details of UBS’s plans.
Qatar, the world’s biggest exporter of liquefied natural gas, is one of the richest nations in per-capita income. Cost-cutting has pushed UBS to focus its wealth management offerings on its top clients, while pushing others to digital offerings.
Hamers became CEO on Sunday, after nearly seven years at the helm of Dutch bank ING Groep NV, where he was credited with driving a digital transformation. Hamers’s predecessor at UBS, Sergio Ermotti, led a pivot from volatile investment banking to wealth management, turning the bank into a world leader that oversees $2.5 trillion in assets.
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ReplyDeleteI contacted through the email address I was given after much research about him. and surprisingly I was guided to recovering 93% of my money back. It was a great feeling to get my money back, as i had given up all hope. You can also contact him through the mail address.
(troyhermes8@gmail.com)
Note: I had to share this information because I had the feeling of helping scam victims as I was.
If you see this and you are not actually a victim kindly copy and share for others.
Someone other there needs to be saved.
Thanks and be safe.