UBS JV to buy Credit Suisse Japan's wealth management business

UBS JV to buy Credit Suisse Japan's wealth management business

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo

UBS said on Monday its Japanese wealth management joint venture with SuMi TRUST Wealth Management Co. will acquire Credit Suisse’s wealth management business in Japan following the Swiss bank’s absorption of its stricken rival in 2023.