UBS has announced a service-and-product offensive for the forthcoming month, which it hopes will increase its share of the German certificate market, according to a press release.
UBS has added to its product range with a wide choice of bonus and discount certificates, answering demand from customers that want short-term products because of the new German final-withholding tax, it said.
"Simple products that are easy to understand are our main focus," said Lars Reichel, head of structured products (risk-managed products) for Germany, Austria and Luxembourg.
The bank has also begun tailoring individual certificates to clients' outlook via UBS Equity Investor, a web-based programme through which consultants can develop bespoke certificates. The minimum order has been decreased from €50,000 to €20,000.