(Bloomberg) -- UBS Group AG has been holding discussions with major U.S. investment houses over the past few months in a bid to convince them to increase their holdings in the bank, according to a person familiar with the matter.
The Zurich-based lender is seeking to increase its market valuation and boost its position as a global bank, the person said.
UBS management including new Chairman Colm Kelleher and Chief Executive Ralph Hamers have met with U.S. fund managers including Capital Group, T Rowe Price Group Inc and Fidelity, the Financial Times reported earlier.
A spokesperson for UBS declined to comment.
Earlier this year, UBS said it would take a closer look at opportunities to grow in the U.S. after the region helped offset a slowdown in its Asian private banking business. The bank recently bought robo-adviser Wealthfront, in a deal set to add more than $27 billion in assets under management and over 470,000 clients in the U.S.
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