The investment bank is establishing a corporate venturing unit that will invest $10m to $20m per deal in financial technology developers.
Switzerland-based investment banking group UBS is setting up a corporate venture capital fund that will channel ‘hundreds of millions of dollars’ into strategic investments, Bloomberg reported yesterday.
The bank is targeting investments in financial technology developers and intends to provide between $10m and $20m for each deal, according to a person familiar with the matter.
UBS is hiring staff to make up the unit’s founding team and is currently assessing potential investments. It plans to hold on to stakes for…
