Tag: UBS

The legal integration of UBS and Credit Suisse will close in the next few weeks. The team to manage the new venture has also been announced. Ulrich Koerner resurfaces. Following UBS’s government-imposed takeover of Credit Suisse on March 19, there has been much speculation about who would lead the new entity and what it would […]

All options appear to be on the table. Switzerland’s largest institution could keep the rescued bank’s investment banking business. Or it might spin off its domestic retail franchise in an IPO. UBS continues considering various options for Credit Suisse, citing people familiar with the matter. In March, the Swiss government prodded Switzerland’s largest bank to […]

UBS was preparing a Credit Suisse takeover scenario months before it happened in March. A document filed with the US Securities and Exchange Commission (SEC) provides insight into the process. Just weeks before the takeover of Credit Suisse, the UBS board of directors deemed a takeover of its rival undesirable, according to the latest documents […]

The merger of UBS and Credit Suisse is expected to result in a behemoth wealth and asset manager, drawing all eyes to the institutions’ first quarter results at the start of the week. During the first quarter we saw strong net new fee-generating asset and net new money inflows in global wealth management and asset […]

UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The deal includes 100 billion Swiss francs ($108 […]

Korea’s financial regulator has fined the Seoul branch of UBS AG (in Zurich) for allegedly violating short-selling rules. Other financial firms are under investigation. UBS Securities and ESK Asset Management were fined a total of 6 billion won ($4.5 million) by Korea’s financial regulator in what it said was a violation of local short-selling rules. It […]

Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on behalf of the two parties Thursday. Tenity is a startup incubator with an investment arm that invests in technology […]

Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on behalf the two parties, Thursday. Tenity is a startup incubator with an investment arm that invests in technology companies […]

Switzerland’s largest bank managed to improve on its results from last year. The bank will increase its dividend this year and buy back more shares. For the year, UBS managed to improve its net profit attributable to shareholders to $7.630 billion from $7.457 billion in 2021, as operating expenses decreased from a year ago, according […]

During this week’s Davos conference CEO Ralph Hamers, said UBS was looking to hire. Now we know which kind of bankers it is going after. UBS is looking to bolster its M&A staff, citing people familiar with the plans. The move contrasts with recent decisions by banks, including Morgan Stanley and Goldman Sachs, to cut […]

A recent UBS leadership appointment at the very top of the bank continues to provoke internal resentment. There is likely a tug-of-war going on at Switzerland’s largest bank. The ostensible trigger is the current group chief financial officer Sarah Youngwood. She has been under criticism for a while now and questions are increasingly circulating about her […]

The funds unit of UBS has appointed a head of impact investments for the first time, as finews.com has learned. The experienced executive will be working from the Netherlands. UBS is appointing Narina Mnatsakanian as head of Impact Investing, according to a memo seen by finews.com, effective immediately. In the newly created role Mnatsakanian will lead the expansion of UBS Asset Management’s impact investing offering, […]

Swiss banking giant UBS has been chosen as the lead partner for Hong Kong’s first public Chinese New Year celebration since the start of the pandemic. According to a statement, UBS is the lead partner for the Wheel of Good Fortune – a Chinese New Year festival located at the business district’s iconic Hong Kong […]

UBS has internally announced the promotion of a wealth management executive for its onshore business in Taiwan. Henry Su has been named business sector head of global wealth management (GWM) for the onshore Taiwan unit at UBS, sources said. In his new role, the seven market team heads in Taiwan report to Su while he reports […]