UBS has renamed its institutional fund management business - currently known as Phillips & Drew in the UK, Brinson in North America and UBS Asset Management elsewhere - UBS Global Asset Management (UBS Global AM), to reflect the integration that was completed last year.
John Fraser, the chief executive officer of UBS' fund management business overall, said: "The new brand underlines our consistency of approach and commitment to shared principles. There will be no change to the organisation's investment philosophy and processes."
