UBS could double Americas wealth business profit within a decade

ZURICH (Reuters) - UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.By encouraging customers to use more lucrative services, such as loans and mandates, where the wealth manager takes more control of a client's investments, UBS could make do with significantly fewer U.S. customer advisers than the 6,600 it now employs, its co-head of wealth..