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UBS

UBS AG
Company nameUBS AG
Company typeAktiengesellschaft (AG)
Public company
SloganWe Will Not Rest
IndustryBanking
Financial services
PredecessorUnion Bank of Switzerland and Swiss Bank Corporation merged in 1998
Founded1854
HeadquartersZürich & Basel, Switzerland
Area servedWorldwide
Key peopleKaspar Villiger (Chairman)
Sergio Ermotti (interim CEO)
ProductsInvestment Banking
Investment Management
Wealth Management
Private Banking
Corporate Banking
Private Equity
Finance and Insurance
Consumer Banking
Mortgages
Credit Cards
Revenue(+) US$47.529 billion (2010)
Net income(+) $8.007 billion (2010)
Total assets(+) $1.400 trillion (2010)
Total equity(+) $49.765 billion (2010)
Employees64,617 (2010)

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UBS AG (SWX - UBSN, Nyse - UBS) is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland. It operates in more than 40 countries and considered as the world's second largest manager of private wealth assets, with over CHF 2.2 trillion in invested assets. UBS operates in all of the major financial centers worldwide with offices in over 50 countries and 64,000 employees around the world. UBS traces its heritage to 1854 and it is the largest bank in Switzerland.

UBS was originally an abbreviation for the Union Bank of Switzerland, one of its predecessors; however, UBS ceased to be considered a representational abbreviation after its 1998 merger with Swiss Bank Corporation.


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