UBS, the Swiss bank, has been damaged more than any other European asset manager by the financial crisis, according to a survey of more than 900 fund distributors.
UBS, traditionally an industry heavyweight, is now among the houses least likely to be awarded new mandates by private banks, retail banks and financial advisers, according to a semi-annual survey conducted by Berlin-based Metrinomics.
The bank has seen its reputation tarnished by a series of problems since the start of the crisis, from being caught up in the Bernard Madoff scandal to being forced to hand the names of some of its clients to authorities in the US.
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