UBS' Ermotti Says Wealth Management Merger Will Result in 'Streamlining'

Jan.22 -- Sergio Ermotti says the merger of UBS Group AG's two wealth-management businesses is part of the lender's drive for efficiencies. "We're going to streamline our support functions. We will have only one legal, one risk, one chief operating officer," Ermotti, UBS's chief executive officer, said during an interview with Bloomberg's Manus Cranny in Zurich.
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