--UBS plans to set up a mutual fund business in China, expanding its footprint in the country, Reuters reports, citing unnamed sources.

--The Swiss lender is aiming to launch the unit in around two years and have already hired key personnel for the planned businesss, including a head of the company, Reuters says, citing the source.

 

Full story: https://reut.rs/3S7yX4Y

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

July 27, 2022 07:10 ET (11:10 GMT)

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