UBS Group AG is a Swiss multinational investment bank and financial services company founded in 1862. It is headquartered in Zurich, Switzerland and operates globally, offering a range of financial services to its clients. The company's services include wealth management, investment banking, asset management, retail banking, and corporate banking. UBS has a strong presence in Europe, Asia Pacific, and the Americas, with operations in over 50 countries.
UBS was founded in 1862 as the Union Bank of Switzerland, with its headquarters in Zurich. The bank went through several mergers and acquisitions over the years and became UBS in 1998, after a merger between Union Bank of Switzerland and Swiss Bank Corporation. In 2000, the company acquired PaineWebber, an American brokerage firm, further expanding its presence in the United States. UBS has been at the forefront of the Swiss banking industry for over a century and continues to be one of the largest banks in the world.
The wealth management division of UBS is one of its most significant businesses, providing a range of investment and financial planning services to high net worth individuals, families, and institutions. The division manages over $2.6 trillion in assets and has a global network of wealth management professionals. UBS is also active in investment banking, offering a range of services such as mergers and acquisitions, equity and debt financing, and advisory services to corporations and institutions worldwide.
UBS Asset Management is responsible for managing over $1.1 trillion in assets, making it one of the largest asset managers in the world. The division provides investment management services to institutional and retail clients worldwide, offering a range of investment products such as mutual funds, exchange-traded funds (ETFs), and separately managed accounts. The division is also active in private equity, real estate, and infrastructure investments.
UBS's retail and corporate banking division offers a range of services such as mortgages, loans, and credit cards to individuals and small businesses. The division operates mainly in Switzerland, providing its clients with a comprehensive range of banking products and services. The division has over 300 branches in Switzerland and employs over 20,000 people in the country.