ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

UBS China fund management project stalls after Credit Suisse deal

Swiss bank suspends work on application for a wholly owned company in sector

UBS reached a deal in March to acquire Credit Suisse for 3 billion Swiss francs, or $3.3 billion. (Source photos by Getty Images)

HONG KONG -- UBS is suspending work on its application for a wholly owned mutual fund company in China as it focuses on completing its acquisition of Credit Suisse and resolving regulatory issues raised by the new combination, according to people familiar with the matter.

The rushed takeover of Credit Suisse in March complicated an effort by UBS to expand its fund management operations in China, which permits companies to have one majority stake and one minority stake in the sector.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more