UBS Wealth Management Job Cuts Begin in Asia, Europe

UBS Wealth Management is undergoing a major restructuring led by Iqbal Khan, who was given 60 days to devise a turnaround plan. The restructuring aims to reduce costs and improve decision-making by cutting up to 20% of jobs in Europe and reducing management layers in Asia. The Ultra Rich unit will be dissolved, with clients redistributed among other units. The restructuring will start in Asia, then move to Europe, the Middle East, and Africa. Approximately 500 jobs are at risk, though exact numbers are not disclosed.

What is the percentage of jobs at UBS that are reportedly at risk in Europe?

• 10%

• 15%

• 20%

• 25%

What is the main goal of the restructuring at UBS?

• Increase headcount

• Reduce costs and improve decision-making

• Expand into new markets

• Enhance client services

Which regions will UBS restructure in order?

• Europe, Asia, Middle East

• Asia, Europe, Middle East and Africa

• Middle East, Africa, Europe

• Africa, Asia, Europe

What happened to the Ultra rich unit at UBS?

• It was expanded

• It was merged with another unit

• It is no longer in existence

• It was relocated

How many jobs are estimated to be on the line at UBS?

• 300

• 500

• 700

• 1000