UBS Asset Management, a subsidiary of UBS Group, is considering a restructuring proposal that would shift its Quantitative Investment Strategies (QIS) sector to Manteio Partners LLC and its affiliated entities.
If approved by the corresponding authorities, Manteio Partners LLC and its associates would take over the operational responsibilities of the QIS sector.
The proposed revision is part of UBS Asset Management’s strategy to enhance its operational structure and efficiency.
Leaders within the company are confident that this move will significantly improve the overall performance and contribute towards their long-term goals.
After the transition, the QIS sector will continue its functions within Manteio, managing approximately $1.5 billion in funds and mandates.
Manteio is convicted that this change will strengthen their operations and strategic focus without causing any significant alterations to the specific duties of divisions like QIS.
UBS expects the transition to be completed by the fourth quarter, provided all preparatory work proceeds as planned.
This move is part of UBS’s larger strategic adjustment, which includes the intended sale of a substantial real estate fund acquired from Credit Suisse and the US mortgage servicing section of Credit Suisse.
UBS’s robust financial performance, reflected in its significant quarterly earnings that have surpassed market predictions, supports these strategic changes.
UBS Asset Management’s restructuring strategy
Savings from their acquisition of Credit Suisse have also contributed to their earnings, exceeding initial projections.
Despite the impending restructuring, it is crucial to highlight that this decision pertains solely to UBS Asset Management and does not imply any changes to the strategies of UBS Group as a whole.
