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To: bobsrb who wrote (13654)	6/17/1998 8:26:00 AM
From: Ronaldo	Read Replies (2) \| Respond to of 50264

From Yahoo, parts of an article on UBS. Central concept:"We are constantly bidding on new client mandates." ZURICH, June 17 (Reuters) - UBS, the new bank being formed by a merger of Union Bank of Switzerland (UBS.S) and Swiss Bank Corp (SBVZn.S), is poised to increase assets under management after a period of slow growth as it waited for the merger to be completed. At the end of 1997, assets under management at the combined entity, which has not yet formalised its merger, totalled 720 billion Swiss francs ($481.2 billion). The total assets under management in the group at the end of 1997 were 1.5 trillion Swiss francs. ''I think we are well within our objectives of defending our franchise. We are looking forward to go (into) a more aggressive mode as soon as the merger is consummated, because clearly during this interregnum we had to run two parallel organisations,'' Bogni said. 'We are constantly bidding on new client mandates. So the hope... of some of our competitors that we would be so dragged down by the administrative minutia of the merger was just hope,'' he added.