How L&C fits into the UBS plan for expansion

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From Archive 02 March 2004

By PWM Editor

UBS announced last month its purchase of UK private client investment manager Laing & Cruickshank Investment Management (L&C), marking the Swiss bank’s most significant expansion in Europe to date. The deal was UBS’s third major wealth management acquisition in the past nine months. It will also bring the total amount of client assets bought by the Swiss bank in Europe to E9.5bn since May last year. Another Ł5bn (e7.5bn) will be added once the buyout of Scott Goodman Harris (SGH), UK adviser to high net worth individuals, is completed later this year.

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