(Reuters) - Swiss bank UBS Group AG is cutting jobs at its asset management unit while it focuses on growth in China along with passive and sustainable investing, Bloomberg said on Wednesday. The smallest of UBS's operating divisions is said to have cut at least 100 positions over recent months, Bloomberg said, citing sources, in areas including distribution. Around 30 of these job cuts took place in the United States, with many in New York, the media company said.
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