Difference between revisions of "UBS AG"

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[[UBS AG]] is a global financial services company. Headquartered in Zurich and Basel, the company provides financial services for private, corporate, and institutional clients worldwide, along with retail clients in Switzerland.
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==History==
 
==History==
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UBS traces its roots back to 1747, when one of the bank's branches was founded in the Swiss region of Valposchiavo. However, the three core components of the company date back to second half of the nineteenth century. [[Union Bank of Switzerland]], [[Swiss Bank Corporation]], and [[PaineWebber]] or their antecedents were all founded in the 1860s and 1870s.
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UBS traces its roots back to 1747, when one of the bank's branches was founded in the Swiss region of Valposchiavo. However, the three core components of the company date back to second half of the nineteenth century. [[Union Bank of Switzerland]], [[Swiss Bank Corporation]], and [[PaineWebber]] or their antecedents were all founded in the 1860s and 1870s.
  
 
UBS was formed through a merger of the [[Union Bank of Switzerland]] and the [[Swiss Bank Corporation]] in June 1998. SBC had just previously built a global investment banking business through its acquisitions of [[Dillon Read]] in New York and [[S.G. Warburg & Co|S.G. Warburg]] in London.  The first chairman of the merged bank had to step back in October 1998 due to the [[Long-Term Capital Management]] crisis, which affected the Union Bank of Switzerland. In 2000, UBS acquired [[PaineWebber Group Inc.]] to become the world's largest wealth management firm for private clients. Invested assets in all wealth management businesses, including the U.S., total CHF 2.766 trillion.  
 
UBS was formed through a merger of the [[Union Bank of Switzerland]] and the [[Swiss Bank Corporation]] in June 1998. SBC had just previously built a global investment banking business through its acquisitions of [[Dillon Read]] in New York and [[S.G. Warburg & Co|S.G. Warburg]] in London.  The first chairman of the merged bank had to step back in October 1998 due to the [[Long-Term Capital Management]] crisis, which affected the Union Bank of Switzerland. In 2000, UBS acquired [[PaineWebber Group Inc.]] to become the world's largest wealth management firm for private clients. Invested assets in all wealth management businesses, including the U.S., total CHF 2.766 trillion.  
  
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On June 9th, 2003, all UBS business groups rebranded under the UBS name. UBS Painewebber, UBS Warburg, UBS Asset Management, and others became just "UBS".  As a result of the rebranding, UBS took a $1B write off for the loss of brand value of PaineWebber. UBS is no longer an acronym but is the company's brand, like [[3M]] or [[BP]]. Its logo of three keys stands for confidence, security, and discretion.[http://www.ubs.com/1/e/investors/history/1900_1939/1937.html History of UBS (1937-1939)]
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On June 9th, 2003, all UBS business groups re-branded under the UBS name. UBS Painewebber, [[UBS Warburg]], UBS Asset Management, and others became just "UBS".  As a result of the re-branding, UBS took a $1B write off for the loss of brand value of PaineWebber. UBS is no longer an acronym but is the company's brand, like [[3M]] or [[BP]]. Its logo of three keys stands for confidence, security, and discretion.<ref>UBS, [http://www.ubs.com/1/e/about/history/1900_1939/1937.html?template=layer&selected=14014 History of UBS > 1900 - 1939 > 1937 - 1939], accessed 07 February 2011.</ref>
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UBS is present in all major financial centres worldwide, with offices in 50 countries. According to the UBS website, the bank had 70,210 employees on March 31, 2006. The 2006 Q1 report breaks these Financial Business permanent staff down by region as: 25,645 in Switzerland, 27,356 in the Americas, 11,341 in Europe, the Middle East and Africa (not including Switzerland), and 5,868 in Asia and Australasia.
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 +
==People==
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===Board of Directors===
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*[[Kaspar Villiger]] (2009- ), Chairman of the Board of Directors
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*[[Michel Demaré]] (2009- ), Vice Chairman
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*[[David Sidwell]] (2010- ), Senior Independent Director
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*[[Sally Bott]] (2008- )
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*[[Rainer-Marc Frey]] (2008- )
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*[[Bruno Gehrig]] (2008- )
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*[[Ann F. Godbehere]] (2009- )
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*[[Axel P. Lehmann]] (2009- )
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*[[Wolfgang Mayrhuber]] (2010- )
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*[[Helmut Panke]] (2004- )
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*[[William G. Parrett]] (2008- )<ref>UBS, [http://www.ubs.com/1/e/about/executivebodies/boardofdirectors.html Board of Directors], accessed 07 February 2011.</ref>
  
−
UBS is present in all major financial centers worldwide, with offices in 50 countries. According to the UBS website, the bank had 70,210 employees on March 31, 2006. The 2006 Q1 report breaks these Financial Business permanent staff down by region as: 25,645 in Switzerland, 27,356 in the Americas, 11,341 in Europe, the Middle East and Africa (not including Switzerland), and 5,868 in Asia and Australasia.
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===Executive Board===
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*[[Oswald J. Grübel]] (2009- ), Group CEO
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*[[John Cryan]] (2010- ), Chairman and CEO UBS Group Europe, Middle East & Africa (EMEA)
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*[[Markus U. Diethelm]] (2008- ), Group General Counsel
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*[[John A. Fraser]] (2001- )
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*[[Lukas Gähwiler]] (2010- )
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*[[Carsten Kengeter]] (2009- )
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*[[Ulrich Körner]] (2009- )
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*[[Philip J. Lofts]] (2008- )
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*[[Robert J. McCann]] (2009- )
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*[[Maureen Miskovic]] (2011- )
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*[[Alexander Wilmot-Sitwell]] (2008- )
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*[[Chi-Won Yoon]] (2009- )
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*[[Jürg Zeltner]] (2009- )
  
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===Former directors and managers===
  
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==People==
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*[[Raoul Weil]] (2002-2007), Head Wealth Management International, (2007) CEO<ref>Kolker, Carlyn, "[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSEvhPR7Ok6A Ex-UBS Executive Raoul Weil Declared a Fugitive by U.S. Judge]," ''Bloomberg'', 14 January 2009, accessed 07 February 2011.</ref>
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===Management===
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*[[Leon Brittan]], Vice Chairman, [[UBS Warburg]], 1999
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[[Marcel Ospel]] is the Chairman of the Board of Directors.
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*[[Colin Buchan]]
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*[[James Sassoon]] From 1985 - 2002, latterly as Vice Chairman, and then adviser to [[Alistair Darling]] and then after defecting to the Tories [[George Osborne]]<ref>Financial Action Task Force [http://www.fatf-gafi.org/document/17/0,3343,en_32250379_32235720_38961361_1_1_1_1,00.html Sir James Sassoon], accessed 15 March 2009</ref><ref>James Kirkup, [http://www.telegraph.co.uk/news/newstopics/politics/conservative/3097378/Gordon-Browns-former-City-envoy-James-Sassoon-defects-to-Conservatives.html Gordon Brown's former City envoy James Sassoon defects to Conservatives] Daily Telegraph, Last Updated: 5:28PM BST 28 Sep 2008</ref>
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*[[Shriti Vadera]], [[Warburg Dillon Read]]
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*[[Marcel Ospel]] was the Chairman of the Board of Directors.
 
The Group Executive Board is the executive body of the company. ([http://www.ubs.com/1/e/about/cg/groupexecutiveboard.html]) Its members are:
 
The Group Executive Board is the executive body of the company. ([http://www.ubs.com/1/e/about/cg/groupexecutiveboard.html]) Its members are:
 
*Group CEO: [[Peter Wuffli]]
 
*Group CEO: [[Peter Wuffli]]
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*Chairman & CEO Americas: Robert Wolf  
 
*Chairman & CEO Americas: Robert Wolf  
 
*Chairman and CEO Asia Pacific: [[Rory Tapner]]
 
*Chairman and CEO Asia Pacific: [[Rory Tapner]]
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*Head Wealth Management International: [[Raoul Weil]]
 
  
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===Former directors and managers===
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==Contact==
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*[[Leon Brittan]], Vice Chairman, [[UBS Warburg]], 1999 | [[Colin Buchan]] | [[James Sassoon]] From 1985 - 2002, latterly as Vice Chairman, and then adviser to [[Alistair Darling]] and then after defecting to the Tories [[George Osborne]]<ref>Financial Action Task Force [http://www.fatf-gafi.org/document/17/0,3343,en_32250379_32235720_38961361_1_1_1_1,00.html Sir James Sassoon], accessed 15 March 2009</ref><ref>James Kirkup, [http://www.telegraph.co.uk/news/newstopics/politics/conservative/3097378/Gordon-Browns-former-City-envoy-James-Sassoon-defects-to-Conservatives.html Gordon Brown's former City envoy James Sassoon defects to Conservatives] Daily Telegraph, Last Updated: 5:28PM BST 28 Sep 2008</ref> | [[Shriti Vadera]], [[Warburg Dillon Read]] |
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:Website:
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:http://www.ubs.com/
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{{Template: Revolving Door badge}}
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==Resources==
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*Kolker, Carlyn, "[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSEvhPR7Ok6A Ex-UBS Executive Raoul Weil Declared a Fugitive by U.S. Judge]," ''Bloomberg'', 14 January 2009, accessed 07 February 2011.
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*UBS, [http://www.ubs.com/1/e/about/executivebodies/boardofdirectors.html Board of Directors], accessed 07 February 2011.
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*UBS, [http://www.ubs.com/1/e/about/history/1900_1939/1937.html?template=layer&selected=14014 History of UBS > 1900 - 1939 > 1937 - 1939], accessed 07 February 2011.
  
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==External Resource==
 
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*Wikipedia [http://en.wikipedia.org/wiki/UBS_AG UBS AG]
 
 
==Notes==
 
==Notes==
 
<references/>
 
<references/>
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[[category:Banking and Finance Industry]]
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[[Category:Banking and Finance Industry]]
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[[Category: Financial Revolving Door]]

Revision as of 17:05, 7 February 2011

UBS AG is a global financial services company. Headquartered in Zurich and Basel, the company provides financial services for private, corporate, and institutional clients worldwide, along with retail clients in Switzerland.


History

UBS traces its roots back to 1747, when one of the bank's branches was founded in the Swiss region of Valposchiavo. However, the three core components of the company date back to second half of the nineteenth century. Union Bank of Switzerland, Swiss Bank Corporation, and PaineWebber or their antecedents were all founded in the 1860s and 1870s.

UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998. SBC had just previously built a global investment banking business through its acquisitions of Dillon Read in New York and S.G. Warburg in London. The first chairman of the merged bank had to step back in October 1998 due to the Long-Term Capital Management crisis, which affected the Union Bank of Switzerland. In 2000, UBS acquired PaineWebber Group Inc. to become the world's largest wealth management firm for private clients. Invested assets in all wealth management businesses, including the U.S., total CHF 2.766 trillion.

On June 9th, 2003, all UBS business groups re-branded under the UBS name. UBS Painewebber, UBS Warburg, UBS Asset Management, and others became just "UBS". As a result of the re-branding, UBS took a $1B write off for the loss of brand value of PaineWebber. UBS is no longer an acronym but is the company's brand, like 3M or BP. Its logo of three keys stands for confidence, security, and discretion.[1]

UBS is present in all major financial centres worldwide, with offices in 50 countries. According to the UBS website, the bank had 70,210 employees on March 31, 2006. The 2006 Q1 report breaks these Financial Business permanent staff down by region as: 25,645 in Switzerland, 27,356 in the Americas, 11,341 in Europe, the Middle East and Africa (not including Switzerland), and 5,868 in Asia and Australasia.

People

Board of Directors

Executive Board

Former directors and managers

The Group Executive Board is the executive body of the company. ([1]) Its members are:

Contact

Website:
http://www.ubs.com/
Revolving Door.jpg This article is part of the Revolving Door project of Spinwatch.




Resources

Notes

  1. ↑ UBS, History of UBS > 1900 - 1939 > 1937 - 1939, accessed 07 February 2011.
  2. ↑ UBS, Board of Directors, accessed 07 February 2011.
  3. ↑ Kolker, Carlyn, "Ex-UBS Executive Raoul Weil Declared a Fugitive by U.S. Judge," Bloomberg, 14 January 2009, accessed 07 February 2011.
  4. ↑ Financial Action Task Force Sir James Sassoon, accessed 15 March 2009
  5. ↑ James Kirkup, Gordon Brown's former City envoy James Sassoon defects to Conservatives Daily Telegraph, Last Updated: 5:28PM BST 28 Sep 2008
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