Article: Swiss UBS not to sell asset management arm.

Global Banking News-5 November 2009-Swiss UBS not to sell asset management arm(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 05 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Swiss bank UBS AG UBS AG (NYSE: UBS) (ZHR: UBSN) (UBSN.VX) is not planning to dispose of its Global Asset Management division, the Financial Times has reported citing the head of the unit, John Fraser.

According to the report, UBS and US fund manager BlackRock Inc (NYSE: BLK) were in talks over the possible deal last year, but failed to progress following the ...

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