UBS plans to hire private bankers to serve French millionaires from Geneva.
Bloomberg News reports that UBS is searching for a person to oversee business with ultra-wealthy families and two client advisers to strengthen its France International unit, according to positions advertised last week on LinkedIn Corp.’s professional networking website.
'We are continuously looking at the market to maintain a candidate pipeline' for client advisers at the unit, Tim Cobb, a Zurich-based spokesman for UBS, said in response to questions about the ads. The segment head will replace someone who left the bank, Cobb said. He declined to comment further.
UBS, the world’s largest wealth manager with almost $2 trillion in client assets, according to Scorpio Partnership, is seeking to attract ultra-wealthy families with at least 50 million Swiss francs ($52 million) to invest and tap new riches in emerging-market economies. UBS has said it will continue to invest in western Europe, seeking to compensate for withdrawals of billions of francs by western European clients who hid accounts from tax authorities.
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