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UBS dealmakers haul record $3.2bn to rival Wall Street peers as profit surges

The Swiss bank is building closer ties with its wealth management and investment banking units

Ralph Hamers, chief executive officer of UBS Group
Ralph Hamers, chief executive officer of UBS Group Photo: Stefan Wermuth/Getty Images

UBS dealmakers hauled in record fees for 2021 as the Swiss bank signalled more ties between its investment bank and wealth management unit.

Its global banking unit, which includes M&A and equity capital markets work, brought in $3.2bn in 2021, up by 32%, matching some Wall Street peers with a best-ever result.

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