(Bloomberg) -- UBS AG should consider splitting its investment bank from the wealth management and Swiss banking businesses, shareholder Knight Vinke Asset Management LLC said.

The “best owners” of the investment banking arm could be its own employees and management, who are the recipients of the largest part of any profit, Knight Vinke, which is based in New York, said in a letter to UBS staff and shareholders today. The firm said it owns almost one percent of UBS shares.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access