UBS Wealth Management CEO Jürg Zeltner is converting his division from a pure wealth manager to an investment manager. The move is intended to provide clients with a more up-to-date view of the markets and enable them to better assess the impact of market developments on their own portfolios. Jürg Zeltner wants UBS to project a clear market opinion to the broader public. (Interview: Pierre Weill, UBS AG)

Volatile markets and a growing maze of regulations make life difficult for wealth managers. The traditional private banking model is being called into question. What people want nowadays is a rapid investment process and an active advisory approach. Wealth management is facing a structural change.

Since the start of the year the financial markets have been on an unusually violent rollercoaster ride. Many investors have been unsettled by this volatility. But Jürg Zeltner, CEO of UBS Wealth Management, still sees opportunities. (Interviewed by Pierre Weill, UBS AG)

In March 2009, the Swiss government announced that it was to adopt Article 26 of the OECD Model Convention, thereby facilitating the international exchange of information in tax evasion cases. This is a new starting position for wealth management business in Switzerland.