Company

UBS Group AG

Headquarters: Zurich, Switzerland

Founded: 29 June 1998

Employees: 71,385

CEO: Mr. Ralph A. J. G. Hamers

Market Cap

CHF63.80 Billion

CHF as of April 1, 2022

US$68.93 Billion

history Market Cap History

UBS Group AG market capitalization over time

Evolution of UBS Group AG market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of UBS Group AG

Detailed Description

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients. This segment also provides estate and wealth planning, investing, philanthropy, corporate and banking, and family advisory services, as well as mortgage, securities-based, and structured lending solutions. The Personal & Corporate Banking division provides personal banking products and services, such as deposits, cards, and online and mobile banking, as well as lending, investments, and retirement services; and corporate and institutional solutions, including equity and debt capital markets, syndicated and structured credit, private placements, leasing, traditional financing, trade and export finance, and global custody solutions, as well as transaction banking solutions for payment and cash management. The Asset Management division offers equities, fixed income, hedge funds, real estate and private markets, indexed and alternative beta strategies, asset allocation and currency investment strategies, customized multi-asset solutions, advisory and fiduciary services, and multi-manager hedge fund solutions and advisory services. The Investment Bank division advises clients on strategic business opportunities and helps them raise capital to fund their activities; enables its clients to buy, sell, and finance securities on capital markets and to manage their risks and liquidity; and offers clients differentiated content on major financial markets and securities. The company was formerly known as UBS AG and changed its name to UBS Group AG in December 2014. UBS Group AG was founded in 1862 and is based in Zurich, Switzerland.

Wikipedia Introduction

UBS Group AG[nb 1] is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy.[nb 2] Because of the bank's large positions in the Americas, EMEA, and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank. UBS was founded in 1862 as the Bank in Winterthur alongside the advent of the Swiss banking industry. During the 1890s, the Swiss Bank Corporation (SBC) was founded, forming a private banking syndicate that expanded, aided by Switzerland's international neutrality. In 1912, the Bank of Winterthur merged with Toggenburger Bank to form the Union Bank of Switzerland (UBS) and grew rapidly after the Banking Law of 1934 codified Swiss banking secrecy. Following decades of market competition between Union Bank of Switzerland and the Swiss Bank Corporation (SBC), the two merged in 1998 to create a single company known solely as "UBS".[nb 3] UBS does not stand for Union Bank of Switzerland. In fact, that was one of the more than 370 financial firms that have, since 1862, become part of today's UBS. After UBS managed heavy losses during the 2008 financial crisis with an asset relief recovery program, it was hit by the 2011 rogue trader scandal resulting in a US$2 billion trading loss. In 2012, the bank reoriented itself around wealth management advisory services and limited its sell side operations. Apart from private banking, UBS provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients with international service. UBS manages the largest amount of private wealth in the world, counting approximately half of the world's billionaires among its clients. Despite its trimming of sell side operations, UBS maintains a global investment bank and is considered a primary market maker. The bank also maintains numerous underground bank vaults, bunkers, and storage facilities for gold bars around the Swiss Alps and internationally. Partly due to its banking secrecy, it has been at the centre of numerous tax avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian authorities. UBS operations in Swit…

Source: Wikipedia, retrieved on March 31, 2022, 9:06 p.m.

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Product & Services

Investment bankingwealth managementprivate bankinginvestment managementasset managementcorporate bankingretail bankingcorporate bankingprivate equityfinance and insuranceretail bankingmortgagescredit cards

Key People

Hussain Bafayed al- Fayed (Founder) Axel A. Weber (chairman) Ralph Hamers (CEO) Kirt Gardner (CFO)

Financials

Revenue: US$36.032 billion (2020)

Operating income: US$32.39 billion (2020)

Net income: US$12.822 billion (2020)


Total assets: US$3.49 trillion (2020)

Total equity: US$59.4 billion (2020)

Stocks & Indices

UBS Group AG has the following listings and related stock indices.


Stock: SIX: UBSG

Stock: SIX: UBSGEE

Stock: NYSE: UBS

Stock: Bovespa: UBSG34

Details

Headquarters:

Bahnhofstrasse 45

PO Box

Zurich, 8001

Switzerland

Phone: 41 44 234 11 11