UBS private bank CEO says reviewing Australia business-Bloomberg

April 16, 2015 2:16 PM

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ZURICH/SYDNEY, April 16 (Reuters) - The head of UBS's wealth management arm said on Thursday the Swiss bank is reviewing its business in Australia which could, according to one source, culminate in a sale of the unit.

"You have businesses who perform extremely well and you have businesses that struggle," UBS's Juerg Zeltner said in an interview with Bloomberg Television. "That's part of performance assessment and yes, we are reviewing our business in Australia."

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