UBS Confirms Its Decision To Install Financial Models Portfolio Systems

PORTFOLIO MANAGEMENT

ZURICH--UBS Asset Management has licensed Financial Models Co.'s Pacer system for portfolio management along with several other applications from the Toronto-based vendor. It is one of the few pre-merger technology initiatives undertaken by Union Bank of Switzerland to survive its pending consolidation with Swiss Bank Corp. It's not clear just which portion of the more than $900 billion in assets under management of the combined banks will be handled by the accounting system. But it's

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