The UBS AG is a Swiss bank company with head offices in Zurich and Basel and the largest financial administrator of the world.

Overview

UBS developed in June 1998 from a fusion of two Swiss major banks:

• Swiss banking company (SBG and/or UBS) from Zurich
• Swiss bank association (SBV) from Basel.

By 31 December 2005 the UBS employed world-wide nearly 70,000 coworkers and administered over 2.25 trillion SFR Kundengelder.Die yield on equity amounted to 27.6%, the profit from usual business activity 9.844 billion SFr. Extraordinary proceeds by the sales of private banks increased the profit on over 14 billion SFr.

The UBS is usually in banking into four ranges in-GET-hurries: Global Wealth management and Business Banking, Investment Banking, global ate management and Corporate center.

The UBS is represented in 50 countries and at all important of the world with addresses. 39% of their woman employees and coworkers are active in America, 37% in Switzerland, 16% in remaining Europe and further 8% in the asiatic-Pacific area. It is a corporation after Swiss law governing share transactions. The shares of the UBS AG are listed to the SWX Swiss Exchange, the Frankfurt stock exchange as well as at the stock exchanges in New York (NYSE) and Tokyo (TSE).

Most important business columns

Wealth management

With an international network of zirka 180 offices the UBS is the world-wide number one in the administration of an estate. Approximately 3,700 account executives drive cut Dienstleistungen.Eine out strong position on the needs of wealthy private customers have the UBS in the USA, where them rank with nearly two million customer among the largest offerers.

Investment Banking and

The UBS belonged to the world-wide largest Investmentbanken and takes institutional customer a prominent in the business with company and on position. In the range of products at fixed interest and in the foreign-exchange trading the UBS belongs to the internationally leading market participants. In the Investment Banking serves it a global firm customer master.

Global ate management

The UBS is a prominent trustee for institutional and other customers as well as financialintermediate in the whole world.

Private and firm customer business Switzerland

In Swiss banking transaction amounts to the market share of UBS depending upon Kundensegment between a quarter and a third. The UBS makes comprehensive bank and security services for zirka 2.6 million private as well as to approximately 143,000 firm customers available. The customer basis covers institutional investors, public bodies and donations with seat in Switzerland as well as 3,000 financial establishments world-wide.

The company leader (CEO) is called Peter Wuffli and the board of directors president is Marcel Ospel.

History

The history of the UBS is divided the better overview for the sake of into three ranges. Only the history of the two fusion partners and at the conclusion history since the fusion.

Swiss bank association

• 1872: Establishment under the name Basler bank association
• 1874: Fusion with Frankfurt bank association
• 1897: Change of name to Swiss bank association
• 1898: First foreign address in London
• 1939: Address in New York
• 1945: Assumption of the Basler mercantile bank

Swiss banking company

• 1862: Establishment of the bank in Winterthur
• 1863: Establishment of the Toggenburger bank
• 1912: Fusion of bank in Winterthur and Toggenburger bank to Swiss banking company (SBG; Union de Banques Suisses, Unione di Banche Svizzere, Union Bank OF Switzerland)
• 1945: Head office to Zurich shifts
• 1945: Swiss federal bank taken over
• 1967: Branch in London
• 1975: Branch in New York
• 30. July 1997: Renaming the SBG in UBS

UBS AG

• 8. December 1997: Announcement of the fusion
• 1. July 1998: Completion of the fusion, of the bank association comes the Logo with the three keys, of the SBG the name contraction UBS.
• 3. November 2000: Assumption of US-American PaineWebber Inc.
• 16. May 2003: UBS (France) S.A. takes over French administration of an estate business of Lloyds UCB
• 3. September 2003: UBS buys the Prime Brokerage business of ABN AMRO in the USA
• 31. August 2004: UBS acquires the Capital Markets division of the Charles Schwab corporation
• 6. December 2004: UBS transfers the administration of an estate business of Julius bear to North America
• 21. December 2004: UBS transfers administration of an estate business of the Dresdens bank to Latin America
• 27. September 2005: UBS signs OF China contract with bank over strategic co-operation
• 11 April 2006: UBS acquires the private customer business of the Piper Jaffray Companies in the USA
• 25. May 2006: UBS takes over global Futures and option business of ABN AMRO

Training

The UBS AG offers annually 250 places for apprentices and trainees in the region to Zurich. About 90% of all training are taken over of the UBS AG after the training.

Related links

• UBS
• Swiss parliaments for the role of Swiss banks during the Second World War, pdf file

Articles in category "UBS"

We found here 1 articles.

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• UBS Investment Bank
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