Profits before tax increased by 4.0 percent at UBS Global Wealth Management (GWM) in 2022.
Pre-tax profits stood at $5.0 billion at the end of 2022.
Looking at Q4 specifically, pre-tax profits rose 88 percent year-on-year from $563 million to £1.06 billion.
Despite this, revenues were down five percent year-on-year to $4.60 billion. This included a $41 million gain from the sale of its US alternative investments administration business.
Net interest i...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
