UBS investment bankers were given a target of 300 client meetings a year to boost business — and it seems to be working
REUTERS/Arnd Wiegmann
- UBS's first-quarter profit rose 17% but shares fell 4% in Zurich.
- The bank's global wealth management business missed forecasts.
- The investment bank did better than expected thanks to the return of volatility.
- Investment bank CEO Andrea Orcel has been trying to squeeze more productivity out of his division by mandating that bankers meet up to 300 clients a year in a bid to boost business.
LONDON — UBS's investment bank performed strongly in the first quarter, boosted by the return of market volatility.
The Swiss banking group delivered its first-quarter results on Monday. Here are the highlights:See the rest of the story at Business Insider
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