On December 13, Glonghui reported that UBS Group is restructuring its wealth management division in the USA to seek business development and improve profit margins. Starting from January 1, UBS Group's management structure in the USA will consist of four regional departments (Northeast, Southeast, West, and Central), as well as a consulting department that serves international clients and a department focused on clients with moderate wealth. The company's USA advisors are currently divided into two departments, and UBS Group adopted this structure in 2022. According to a memo sent to employees earlier this week, the new structure aims to empower managers and accelerate decision-making.