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Psychologists strive to cheer up UBS research

UBS has used psychologists, data scientists, shipment specialists and pricing experts to overhaul how it generates investment ideas and recommendations for clients.

The Swiss bank said the move — which some investors view with scepticism — had more than doubled readership of its research in the past two years.

UBS poached Juan-Luis Perez, global head of research who led the move, from Morgan Stanley in late 2013.

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