Feb. 21 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, is opening a wealth management office in Israel to allow locals and foreigners access to domestic and international investment management under one roof.
“UBS is acting on a vision of becoming one of Israel’s most prominent wealth management investment houses,” Kobi Faigenbaum, chief executive officer of UBS Wealth Management Israel, said at a press conference in Tel Aviv today.
The Swiss bank has about 70 people working in the country, where it started activities in 1996, it said. UBS was accepted as a member of the stock exchange in 1997.
--Editors: Claudia Maedler, Linda Shen
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