Wealth management client advisors: UBS introduces world-wide travel ban

Switzerlands UBS, the worlds largest wealth management company in terms of assets, has issued a world-wide travel ban for wealth management client advisors, a spokeswoman said. "Last week, we issued a general travel ban for all staff with client contact in international wealth management," the spokeswoman for the bank said.
"UBS is currently conducting a review of its policy and compliance framework for its international wealth management offering," she said, adding that the ban would be in place until the review is finalised. Swiss newspaper Sonntags Blick reported on Sunday that more than 1,000 employees would be affected by the ban.