(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.
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