UBS maintains top spot on private bank poll

UBS Private Banking has maintained its number-one ranking in terms of global private banking assets under management, according to Scorpio Partnership, a London-based global wealth management think tank. UBS manages $433 billion, up from $416 billion in 2000, dominating the benchmark. The runner-up, Morgan Stanley Dean Witter, has a mere $292 billion under its belt, up from $193 billion.