UBS has joined its investment and private banking units in Germany to give clients easier access to all its services, according to a stateme...

UBS has joined its investment and private banking units in Germany to give clients easier access to all its services, according to a statement from the Swiss bank. It added that may do the same in other countries in Europe. The world’s biggest wealth manager said it had merged UBS Investment Bank, UBS Wealth Management and parts of UBS Global Asset Management in Germany into one single legal entity, UBS Deutschland. “The bank is considering implementing the project in other European countries, such as Italy and France, but has not yet drawn up a definite time schedule,” UBS said in a statement. The German wealth management business of UBS has been one of the most successful in Europe at gathering assets. The bank’s nine offices in Germany have some €24 billion ($29.4 billion) of assets under management. Two units dealing with institutional clients would exist separately in Germany, as required by German law.