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UBS AG

UBS Group AG
Aktiengesellschaft (AG)
Public company
Traded as SIXUBSG SIXUBSN
UBS
Industry Banking, Financial services
Predecessor

Union Bank of Switzerland and Swiss Bank Corporation merged in 1998;

PaineWebber merged in 2000
Founded 1862; 155 years ago (1862)
Headquarters Zürich
Basel
Area served
Worldwide
Key people
Axel A. Weber (Chairman)
Sergio Ermotti (CEO)
Products Investment Banking
Investment Management
Wealth Management
Private Banking
Corporate Banking
Private Equity
Finance and Insurance
Consumer Banking
Mortgages
Credit Cards
Increase CHF 30.605 billion (2015)
Total assets Decrease CHF 943 billion (2015)
Total equity Increase CHF 57.308 billion (2015)
Number of employees
Decrease 60,099 (2015)
Capital ratio 14.5% (2015)
Website UBS.com

Union Bank of Switzerland and Swiss Bank Corporation merged in 1998;

UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zürich and Basel. The company provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide, and is generally considered to be a bulge bracket bank. In Switzerland, these services are also offered to retail clients. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank's merger with Swiss Bank Corporation in 1998. The company traces its origins to 1856, when the earliest of its predecessor banks was founded. UBS has over CHF 2.2 trillion in invested assets, and remains a leading provider of retail banking and commercial banking services in Switzerland. Its assets under management (AuM) amounted in 2014 to US$1,966.9 billion, representing a 15.4% increase in AuM compared to the equivalent data of 2013. It is the biggest bank in Switzerland, operating in more than 50 countries with about 60,000 employees around the world, as of 2014.

In comparison to other European banks, UBS suffered among the largest losses during the subprime mortgage crisis, and it was required to raise large amounts of outside capital. The bank received a US$9.7 billion capital injection in 2007 from the Government of Singapore Investment Corporation (currently GIC Private Limited effective from July 2013), which remains one of the bank's largest shareholders. UBS also received capital from the Swiss government, further complemented by a series of equity offerings in 2007, 2008, and 2009.


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