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UBS Embraces the Buy Side

Stock quotes in this article: UBS , GS , MER , C  

UBS (UBS Quote) is looking to create some internal competition when it comes to stock research.

The New York-based brokerage arm of the Swiss financial-services giant is putting together its own team of analysts to come up with a list of stock tips and recommendations, sources say. The new research team, which could be announced as soon as next week, will consist of between 10 and 20 analysts.

People familiar with the concept say the new team of analysts will operate much like the so-called buy-side stock researchers who work at big mutual funds. ...

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