UBS Today
UBS today is alot different than just a year ago.
At the centre of what some might call the Private Banking Wealth Management storm beginning in the USA (read more), being publicly disgraced with their directors being removed and then requiring the defence and bailout by the Swiss Government. Often seen as the reason Swiss Banking law has been compromised and worse, Swiss Sovereignty compromised leading up to the recent G20 summit in London.
But how are they faring today? They appear to be picking up the pieces but seriously defending their talent base as many top UBS executives have left for greener pastures. Their Asian opeartions seem to have stabilized after shedding thousands of jobs in wealth management.
As expected, they’re still in the red but not bleeding red ink like the years before and appear to be raising some salaries in key operating areas and in some cases, actually hiring – but these are more the exception rather than the rule.
Read more…
UBS Still Cautious After Confirming First-Quarter Loss – DealBook …
UBS said client withdrawals at its core wealth management and Swiss bank unit slowed to 23.4 billion francs in the quarter while its wealth management Americas business saw inflows of 16.2 billion francs, in line with what it announced …
UBS Ups Wages to Stem Loss of Investment Bankers by Bank Systems …
UBS, the world’s largest wealth manager in terms of assets, declined to comment on the details of the article. The bank is losing key staff in important areas to competitors and had to react, chairman Kaspar Villiger was reported as saying on Saturday. … On Sunday, paper SonntagsZeitung reported the results of a poll that showed 75 percent of participants would vote in favour of government-imposed restrictions on management pay in Switzerland. …
UBS defends salary increases for bankers
Grübel also asked employees to allow more time for the bank to deal with certain, undisclosed strategic issues, while backing UBS’ plan to keep its investment bank alongside its private bank, which caters to the financial needs of the wealthy. “We will continue to combine our wealth management and our Swiss banking business with the global expertise of our investment bank and our institutional asset management operation,” Grübel said. —Write to Katharina Bart, …
UBS tops Asian private banking rankings for client assets
UBS tops Asian private banking rankings for client assets. Asia’s private banking industry had $641bn (€492bn) in client assets by October last year, wealth management consultancy Calamander Capital estimates, as per data collected by …
Corporate Connecticut: New Media Sector, UBS Investment Hires
UBS is headquartered in Zurich and Basel, Switzerland, and serves an international client base with wealth management, investment banking and asset management businesses. The firm has offices in more than 50 countries; shares are listed …
UBS named overall best private bank in Asia — Intellasia.Net
UBS Wealth Management has been named the Overall Best Private Bank in Asia in a survey by Asiamoney of high net-worth individuals across the region. In a statement on May 19, UBS said it won all three major regional categories, …
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