UBS mulls post-merger AM overhaul in Australia

Jul 3, 2011

The bank may create a multi-boutique set-up after its acquisition of ING IM Australia. But Grant Bailey of ING IM denies the sale is part of plans to cut back in the region.

UBS mulls post-merger AM overhaul in Australia

UBS Global Asset Management's purchase of ING Investment Management's Australian arm, announced last week, will further strengthen the Swiss firm's Asia-Pacific business. It will also bring ING another step closer to the planned IPO of its European and Asian insurance units.

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