UBS Group AG was established in Switzerland in 1862 under the name Union Bank of Switzerland. UBS, a multinational investment bank and financial services company, took its present form in 1998 (29 June 1998) with the merger of Union Bank Of Switzerland and Swiss Bank Corporation. The company, headquartered in the cities of Zurich and Basel, maintains its presence in all major financial centers as the largest Swiss banking institution in the world. Information about what is UBS Group AG, who owns UBS Group AG, etc are in rest of the article. You can browse here for G7 Countries 2021 What is the G7′ Purpose?
What is UBS Group AG?
UBS is known for its customer service, strict bank-client privacy and banking privacy culture.
The bank’s wide positions in the Americas, EMEA and Asia Pacific markets make it a systemically important financial institution within Europe’s wider economy. The 3 legal entities with the largest shares in the UBS AG partnership structure and their share ratio are as follows:
- Chase Nominees Ltd. London 11.76 percent
- DTC (Cede & Co.), New York 7.57 percent
- Nortrust Nominees Ltd., London 4.53 percent
The banking services offered by UBS AG are:
- Investment banking
- Investment management
- Asset management
- Corporate banking
- Retail banking
- Private equity financing and insurance
- Healthcare Management
- Private banking
- Mortgage
- Credit cards
UBS, one of the most important Swiss banks, is also regarded as one of the “largest, most powerful financial institutions in the world”. The company’s capital strength, security protocols and discretion ensured a significant market share in banking and a high level of brand loyalty. It has branches and / or representatives in dozens of different countries around the world. UBS AG is among the 10 largest banks in Europe.
For UBS Group AG website: https://www.ubs.com/global/en/our-firm/governance/ubs-group-ag.html
