UBS - Cevian Capital Reportedly Bets Big On UBS Eyes Competitive Edge Over Morgan Stanley In Wealth Management | Benzinga

Swedish activist investor Cevian Capital AB reportedly made a major investment in UBS Group AG (NYSE: UBS), targeting the Swiss bank's potential to surpass Morgan Stanley (NYSE: MS) in global wealth management.

Cevian has acquired approximately 1.3% of UBS this year, emerging as one of the bank's largest shareholders. Cevian's investment, amounting to €1.2 billion, is driven by confidence in UBS's ability to successfully integrate Credit Suisse and potentially double its share price in the next two to three years, reported Full story available on Benzinga.com