UBS Group AG

UBS Group AG

Headquarters in Zürich, Switzerland
Formerly	Union Bank of Switzerland (1862–1998)
Type	Public (Aktiengesellschaft)
Traded as	Template:SWX NYSE: UBS SMI component
ISIN	Template:CH0244767585
Industry	Banking Financial services
Predecessor	Union Bank of Switzerland Swiss Bank Corporation
Founded	29 June 1998 (1998-06-29) (through the merger of Union Bank of Switzerland and Swiss Bank Corporation)
Headquarters	Paradeplatz Zürich, Switzerland
Area served	Worldwide
Key people	Colm Kelleher (chairman) Sergio Ermotti (CEO) Sarah Youngwood (CFO)
Products	Investment banking wealth management private banking investment management asset management corporate banking retail banking corporate banking private equity finance and insurance retail banking mortgages credit cards
Revenue	US$34.6 billion (2022)
Operating income	US$9.60 billion (2022)
Net income	US$7.63 billion (2022)
AUM	US$3.96 trillion (2022)
Total assets	US$1.10 trillion (2022)
Total equity	US$56.9 billion (2022)
Number of employees	74,022 (end 2022)
Subsidiaries	Credit Suisse
Capital ratio	Tier 1 14.2% (2022)
Rating	S&P: A+ Moody's: Aa2 Fitch: AA-
Footnotes / references UBS Institutional Reporting as of: end of 2022

UBS Group AG is dedicated to revolutionize the potential of financial investments. Uniting individuals for a more prosperous global community.

UBS is a preeminent global financial advisory and solutions provider, catering to private, institutional, and corporate clients across the world, with a particular emphasis on Swiss private clients. With a widespread presence in major financial centers, our recent integration with Credit Suisse enhances our capabilities, offering clients elevated value, a broader spectrum of services, and an extended global reach, reaffirming UBS's role as a driver of financial achievement.

Operations

UBS Group AG, one of the world's leading financial institutions, operates through various divisions that cater to a wide range of financial needs and services. At the heart of its operations lies Global Wealth Management, a cornerstone of UBS's business model. With a global network of advisors and experts, UBS's Global Wealth Management division offers personalized financial solutions to high-net-worth individuals and families. This includes investment advice, wealth planning, and tailored solutions to help clients grow, preserve, and pass on their wealth for generations. UBS's emphasis on providing holistic financial guidance sets it apart in the competitive landscape of wealth management.

In tandem with Global Wealth Management, UBS's Personal & Corporate Banking division addresses the financial needs of individuals, small businesses, and corporations. The division offers a range of banking products and services, from traditional banking solutions to digital innovations, aiming to enhance customer experiences while maintaining a strong focus on financial security and risk management.

UBS's Asset Management division manages a diverse range of investment strategies, catering to institutional investors, financial intermediaries, and individual investors worldwide. Leveraging its global reach and expertise, UBS Asset Management seeks to deliver strong investment performance across various asset classes while adhering to responsible investment practices.

The Investment Bank division of UBS plays a vital role in the global financial markets. With a focus on delivering innovative solutions and advisory services, UBS Investment Bank assists corporations, institutional clients, and governments in navigating complex financial challenges. Its areas of expertise include mergers and acquisitions, capital raising, risk management, and trading services across equities, fixed income, currencies, and commodities.

Supporting these core divisions are UBS Group Functions, which provide essential services such as technology, operations, risk management, and compliance. These functions ensure that the entire UBS ecosystem operates efficiently, with a strong commitment to regulatory compliance, risk mitigation, and technological innovation.

Overall, UBS's operations encompass a wide spectrum of financial services, from managing wealth and providing banking solutions to delivering investment strategies and expert advisory services. With a global footprint, a focus on client-centric solutions, and a commitment to responsible practices, UBS continues to be a prominent player in the global financial industry.

Product divisions

Global Wealth Management

UBS's Global Wealth Management division offers a wide array of financial products tailored to the needs of high-net-worth individuals and families. These products encompass a mix of traditional and innovative investment options, including but not limited to:

• Portfolio Management: UBS provides customized portfolio management services that align with clients' risk tolerance and financial goals.
• Wealth Planning Solutions: Comprehensive wealth planning services that encompass estate planning, tax optimization, retirement planning, and philanthropic strategies.
• Alternative Investments: Access to alternative investment opportunities such as private equity, hedge funds, and real estate, providing diversification beyond traditional asset classes.

Personal & Corporate Banking

UBS's Personal & Corporate Banking division offers a range of banking products and services designed to cater to various customer segments. Some of the notable product offerings include:

• Retail Banking Services: Traditional banking products such as savings accounts, checking accounts, and personal loans for individuals.
• Business Banking Solutions: Tailored banking services to support small and medium-sized enterprises, including business loans, cash management, and merchant services.
• Digital Innovations: UBS's commitment to technological advancement is reflected in its digital banking solutions, offering customers easy access to their accounts, seamless online transactions, and mobile banking applications.

Asset Management

Within its Asset Management division, UBS provides an extensive lineup of investment products across different asset classes, catering to diverse investor preferences:

• Mutual Funds and ETFs: A range of mutual funds and exchange-traded funds (ETFs) designed to capture specific market trends or provide diversified exposure.
• Active and Passive Strategies: UBS offers both active and passive investment strategies, allowing clients to choose approaches that align with their investment philosophy.
• Sustainable Investing: With a growing emphasis on environmental, social, and governance (ESG) factors, UBS offers a suite of sustainable investment options for socially conscious investors.

Investment Bank

UBS's Investment Bank division provides a variety of financial products and services to meet the complex needs of corporations, institutional clients, and governments:

• Mergers and Acquisitions (M&A): UBS offers advisory services for mergers, acquisitions, divestitures, and other corporate transactions, providing strategic guidance and financial insights.
• Capital Markets Solutions: UBS assists clients in raising capital through various means, including initial public offerings (IPOs), secondary offerings, and debt issuance.
• Structured Products: Customized structured products that offer tailored risk and return profiles, catering to clients' specific investment objectives.

Team

Board of Directors

Chairman of the Board of Directors

Colm Kelleher assumed the role of Chairman at UBS following his election in April 2022, . Prior to this, he had a distinguished career at Morgan Stanley, where he served as President until his retirement in 2019. In this role, he held responsibility for overseeing the Institutional Securities Business and Wealth Management. Preceding this position, he held the roles of Co-President and subsequently President of Morgan Stanley Institutional Securities. Notably, during the global financial crisis, he played a key role as CFO and Co-Head of Corporate Strategy from 2007 to 2009.

Mr. Kelleher's standing in the financial services sector is highly regarded, showcasing his thirty-year tenure at Morgan Stanley as a testament to his robust leadership skills within the banking industry. His extensive career underscores his adept leadership and strong international connections. His comprehensive knowledge of the global banking landscape spans across diverse geographic regions and major business sectors where UBS maintains its presence.

Vice Chairman

Lukas Gähwiler, with extensive industry expertise and a deep understanding of UBS's operations, contributes valuably to the Board. His journey includes five years as Chairman of the Board at UBS Switzerland AG. He also served on UBS's Group Executive Board and was President of UBS Switzerland from 2010 to 2016. In this capacity, he oversaw private clients, wealth management, corporate and institutional clients, investment banking, and asset management within UBS's domestic market. Before joining UBS, Mr. Gähwiler spent over two decades at Credit Suisse, ultimately as Chief Credit Officer for Global Private and Corporate Banking.

In addition to his substantial leadership prowess and industry familiarity across all facets of banking, Mr. Gähwiler's robust connections and network, particularly within Switzerland, play an integral role in the success of the firm.