UBS Wants to Buy a U.S. Wealth Manager: Chairman

What You Need To Know

• The firm is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale its business model.
• The Swiss firm's network spans more than 6,000 advisors in the Americas, far fewer than its key rival — Morgan Stanley.
• A major acquisition would likely take place several years from now, after UBS has fully intergrated Credit Suisse.