From Zacks Investment Research: 2025-05-30 13:08:00

UBS Asset Management (Americas) LLC has agreed to sell its hedge fund, private credit, and commodities business to Cantor Fitzgerald. The deal is expected to close in Q4 2025, with $11 billion in assets under management transferring to Cantor Fitzgerald. UBS aims to streamline operations and focus on core businesses. In a similar move, Citigroup is selling its consumer banking business in Poland to VeloBank S.A. as part of its strategy to exit consumer banking. SEI Investments Co. also divested its Family Office Service operations to Acquiline Capital Partners LP for $120 million.



Read more at Zacks Investment Research: UBS Group’s Arm to Divest O’Connor Business to Cantor Fitzgerald – May 30, 2025