UBS Group (UBS) is reviewing the role of six relationship managers who sold complex currency derivatives to Swiss clients who may not have fully understood the risks involved, Bloomberg reported Tuesday, citing people familiar with the matter.

According to the report, some of the bankers have already left the bank, while the status of the remaining advisers is still under assessment.

Bloomberg quoted a UBS spokesperson as saying the bank had completed a review of the issue and found that "a very small number" of clients in a few locations in Switzerland were affected by US tariff-related market volatility in April 2025.

The report said the bank has made "goodwill payments" to clients believed to have not fully understood the risks associated with the complex investment products.

UBS didn't immediately reply to MT Newswires' request for comment.

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