UBS Group AG Is A Multinational Investment Banking And Financial Services Company Established In Switzerland. UBS Group AG Has Two Headquarters, Located In Zurich And Basel, Switzerland; And As The Largest Swiss Banking Institution In The World, UBS Group AG Has Offices In Major Financial Centers Around The World. UBS Group AG Is Famous For Its Strict Confidentiality Policy For Customer Information And Culture Of Banking Secrecy.
With The Rise Of The Swiss Banking Industry, The Predecessor Of UBS Group AG, Winterthur Bank, Was Established In 1862. By 1890, UBS Bank Had Developed Into A Private Banking Group; Under The Policy Environment Of Switzerland's International Neutrality, The Swiss Banking Company Has Developed Significantly. In 1912, Winterthur Bank Merged With Togenberg Bank To Form UBS, Which Expanded Rapidly Thanks To Bank Secrecy Provisions In The Swiss Federal Banking Act. After Decades Of Competition, UBS Corporation And UBS Merged In 1998 To Form The "UBS Group." Entering The 21st Century, The Corresponding Rise Of UBS Group And Credit Suisse Established Their Oligopolistic Positions In The Swiss Private Client Market. UBS Group Suffered Major Losses During The 2008 Subprime Financial Crisis Due To The Failure Of The Asset Relief Recovery Program, And Later Suffered Trading Losses Of $2 Billion Due To The Rogue Trader Scandal In 2011. In 2012, UBS Group Redefined The Company's Wealth Management Business And Restricted Sell-side Operations.
In Addition To Private Banking, UBS Group AG Also Provides Asset Management, Wealth Management And Investment Banking Services To Individual, Corporate And Institutional Users, And Provides Global Services. UBS Manages The World's Largest Private Wealth And Is A Client Of Half Of The World's Billionaires. Although UBS Investment Bank Has Reduced Its Sell-side Business, It Is Still Considered One Of The "world's Largest Investment Institutions" And Is Considered A Major Market Maker. UBS Has Built A Large Number Of Underground Vaults, Covers And Storage Facilities Near The Swiss Alps And In Certain Parts Of The World To Preserve The Gold Bars It Controls. Due To Its Bank Secrecy Policy, UBS Group Has Been A Major Target Of Tax Avoidance Investigations By Government Authorities In The United States, France, Germany, Israel And Belgium. According To The 2018 Financial Secrecy Index, Switzerland And The United States, Where UBS Has Its Main Business, Ranked First And Second Respectively. Due To Its Huge Market Share, UBS Group Has Become A Multi-country Systemically Important Financial Institution Group And A Universal Bank. At The End Of 2016, UBS Established A Blockchain Technology Research Laboratory In London To Advance Its Cyber Security And Encryption Of Customer Activities.
At The End Of January 2020, UBS Officially Released Its 2019 Financial Report. At The End Of 2019, UBS Reported Operating Profit Of $28.889 Billion, Down 4.3% Year-on-year. Pre-tax Profit Fell 7% Year-on-year To $5.577 Billion. Net Profit Attributable To Shareholders Fell 5% Year-on-year To $4.304 Billion.
UBS Group AG Has Gained A Large Share Of The Banking Market And Has High Brand Loyalty Due To Its Reputation For Capital Strength, Confidentiality Policies, And Banking Discretion. Likewise, It Has Been Criticized For Promoting Tax Non-compliance And Offshore Finance.
UBS Logo
The Trademark Of UBS Is The Three Keys Arranged In A Star On The Left And The Three Letters UBS On The Right. The Trademark Has Been Established Since Its First Use In 1937:
• The Three Keys Used To Represent Security, Trust, And Confidentiality. Today They Stand For Pillars, Principles, And Behavior.
• UBS Is The Abbreviation Of The Former Union Bank Of Switzerland (also Known As SBG).
Operational Structure Of UBS
The Operational Structure Of UBS Consists Of The Enterprise Center And Four Business Units: Global Wealth Management, Personal & Corporate Banking, Asset Management, And Investment Banking. The Financial Statements Of UBS Consist Of 4 Business Units And The Enterprise Center Providing Distributed Reporting.
Global Wealth Management
UBS Advisors Will Communicate With High Net Worth Individuals To Understand Their Financial Situation And Needs, So As To Provide Corresponding Wealth Management Solutions And Information, Such As Stocks, Bonds, Funds And Money Market Instruments, As Well As UBS Securities Research Reports, To Help Clients Make Financial Decisions. In 2016, UBS Taiwan Added AI Artificial Intelligence, Which Designed A UBS Intelligent Wealth Management Service (UBS Advisory) For Individuals With A Minimum Net Asset Value Of 250,000 US Dollars In Their Accounts. It Implements A Membership System And Only Charges 0.2% Annual Fee For Personal Fixed Accounts As Trust Custody. As A Pilot Of This Service In Asia, UBS Taiwan Is The First To Use The IT System To Instantly Send Market Information And UBS Opinions To Users For Investment Reference. It May Enter The Chinese Mainland Market In The Future.
Personal & Corporate Banking
This Service Provides Financial Product Services To Individuals, Enterprises And Institutions In Switzerland And Is Not Currently Open To The World. This Business Is A Core Element Of UBS's Role As A "universal Bank" In Switzerland. It Refers Private Individuals, Corporate Institutions And Increases Client Wealth In Order To Transfer Them To The Wealth Management Department. Personal And Corporate Banking Can Affect The Cross-selling Potential Of UBS's Fund-raising And Investment Banking Business And Manage An Important Part Of UBS's Swiss Infrastructure And Banking Product Platform.
Asset Management
UBS Provides Asset Management Services For The Assets Of Private Clients, Intermediaries And Institutions. Asset Managers Operate Client Assets For A Fee In Accordance With The Agreed Terms Of The Asset Management Contract. Asset Management Is A Global Business, Involving 23 Countries. It Provides Institutional, Intermediary And Wealth Management Clients Around The World With Investment Capabilities And Investment Methods Covering Major Traditional And Alternative Asset Classes. UBS Asset Management Is The Largest Mutual Fund Manager In Switzerland, A Leading Fund Company Within Europe, And One Of The Largest Hedge Fund And Real Estate Investment Managers In The World.
Investment Bank
Investment Bank Acts As An Intermediary And Is Actively Involved In Capital Market Flows, Including The Sale, Trading And Market Making Of A Range Of Securities, Finding Direct Financing Opportunities For Fundraisers, Finding Investment Opportunities For Investors, And Withdrawing Commissions. UBS Bank Provides Expert Advice, Innovative Solutions, Execution And Full Access To International Capital Markets To Clients In Corporate, Institutional And Wealth Management. It Provides Clients With Advisory Services, Cross-asset Research Through Its Business Units, Corporate Client Solutions And Investment Client Server, As Well As Information On Its Own Selected Interest Rates And Credit Markets For Equities, Foreign Exchange, Precious Metals.
Capital Structure Of UBS
Under Swiss Law, UBS Group Is A Joint-stock Company. Its Shares Are Listed On The Swiss Stock Exchange And The New York Stock Exchange, Respectively. In November 2014, UBS Group Was Re-listed On The Swiss Stock Exchange And The New York Stock Exchange As A New Holding Company And Began Accepting Trades. On February 14, 2015, The Change Application Took Effect, And UBS, A Subsidiary Of UBS Group, Has Been Delisted From The New York Stock Exchange.
During The Subprime Mortgage Crisis In 2008, The Government Of Singapore Investment Corporation (GIC) Injected 11 Billion Swiss Francs Into UBS Group To Rescue UBS Group, Making It The Largest Single Shareholder Of UBS Group At That Time. In 2017, The Government Of Singapore Investment Corporation Reduced Its Stake In UBS By Half And Is No Longer Its Largest Shareholder.
According To The Swiss Securities And Exchange Law, UBS's Shareholders Who Publicly Held More Than 3% Of The Total Share Capital Of UBS In The Annual Report At The End Of 2017: BlackRock Held 5.01%, Norges Bank Held 3.30% And Maifuxin Investment Management Held 3.05%. In Addition, The UBS Group Also Discloses Shareholders With A Shareholding Ratio Of More Than 3% Registered On Its Shareholders' Register. As Of The End Of 2017, UBS Shareholders With A Shareholding Ratio Of More Than 3% Included: Chase Nominees Ltd, DTC (Cede & Co.) And Nortrust Nominees Ltd, With Shareholding Ratios Of 11.83%, 7.23% And 4.48% Respectively.
