UBS integrates Noriba
UBS will fully integrate its wholly-owned subsidiary Noriba into the firm by the end of 2006. UBS founded Noriba, headquartered in Bahrain, in 2002. Noriba specialises in institutional and high-net-worth private clients seeking Sharia compliant investment opportunities.
Noriba’s wealth management clients will now be able to access a range of services provided by UBS. And the investment bank will also take over the responsibility for Sharia compliant investment products.
According to a spokeswoman at UBS in Zurich, as a result of the integration, Noriba will distribute UBS-labelled products.
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