1. Activist Investor Knight Vinke Pushes for Change at UBS

    Activist Investor Knight Vinke Pushes for Change at UBS

    Activist investor Knight Vinke, which is pushing for changes at UBS AG (UBSG.VX), said on Thursday it continued to have concerns about the bank's strategy. The hedge fund has been urging the Swiss bank to split its wealth management business from its investment bank because it believes the wealth management business would thrive away from its riskier investment bank. Knight Vinke was part of the...

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    1. Our concerns about UBS's strategy and disclosures remain, and we will continue to engage on these matters.
    2. The vast majority of our shareholders understand and support our strategy. This was evident at the AGM today.
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