UBS Wealth Management Canada plans to offer mortgage lending to its Canadian clients though its private banking unit in the country, WealthBriefing can confirm.

The Swiss banking giant is currently exploring ways of setting up mortgage lending services to its private banking clients, a spokesperson in Toronto told this publication. UBS will either build a team internally, hire mortgage specialists to execute the business or enter an outsourcing agreement with another firm.

UBS is understood to be in talks with several Canadian mortgage brokers and companies as it assesses its options.