UBS to launch LatAm hub in Miami

Swiss banking group UBS is planning to establish a new Miami office to serve wealth managers in Latin America. The office will start with six employees and offer services to boutique firms that do not have the capabilities of a large private bank,  Stefano Veri, head of UBS's Financial Intermediaries business told Bloomberg. UBS plans to hire as many as 10 employees in the first year for the effort, which is overseen by Mariana Gregori. "With the new hub UBS is tapping into potentially tens of billions of dollars managed by Latin American financial intermediaries booking assets in the...