Artisan Partners Urges UBS To Quit Switzerland, Cites It Unattractive

Artisan Partners, representing its Global Value Team and International Value Group, has urged UBS Group AG to exit Switzerland due to what they deem unattractive capital requirements being imposed by the Swiss government. Since initiating their investment in UBS in 2015, Artisan Partners manages over 60 million shares of the company. They express disappointment over the ongoing debate regarding UBS's capital conditions, which they believe are excessive and unnecessary.