UBS AG, the worlds biggest wealth manager, is targeting millionaire clients in oil-rich Nigeria and Angola as Swiss rival Credit Suisse Group AG withdraws from some African markets.
The amount of people on the continent that fall within our wealth-management bracket is increasing every day, Sean Bennett, the Johannesburg-based managing director of UBS in sub- Saharan Africa, said in a Nov. 20 interview. Theres still tons of opportunities still relatively untapped.
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