UBS Global Asset Management (Switzerland)

Swiss-born and-bred UBS Group AG is a global investment bank and provider of financial services. It has a presence in all significant financial hubs as the largest private bank in the world and the largest banking institution in Switzerland, with co-headquarters in the cities of Zürich and Basel. The stringent bank-client confidentiality and culture of banking secrecy are hallmarks of UBS customer services. The Financial Stability Board views the bank as a globally systemically important bank due to its significant market positions in the Americas, EMEA, and Asia Pacific.

In addition to private banking, UBS offers private, corporate, and institutional clients international service wealth management, asset management, and investment banking services. UBS controls the majority of the world's private wealth and counts over half of all billionaires among its clientele. UBS nonetheless maintains a global investment bank and is regarded as a leading market maker despite cutting back on its sell-side operations. The bank also operates a large number of bunkers, underground bank vaults, and facilities for gold bar storage abroad and in the Swiss Alps. It has been the focus of various tax evasion investigations conducted by U.S., French, German, Israeli, and Belgian authorities, in part because of its banking secrecy.

With a market capitalization of $63 billion as of May 2022, UBS is the third-largest bank in Europe. One of the nine major banks was designated as "Bulge Brackets." Its assets under management (AUM) total more than CHF 3.2 trillion, of which about CHF 2.8 trillion are invested assets. Its return on invested capital in June 2017 was 11.1%, surpassing that of Goldman Sachs (9.35%) and JPMorgan Chase (9.456%). To strengthen its cyber security and encrypt client activities, UBS opened a blockchain technology research lab in London at the end of 2016. UBS is regarded as one of the "largest, most powerful financial firms in the world" based on regional deal flow and political clout. The corporation has a substantial market share in banking and a high level of brand loyalty because of its financial stability, security measures, and reputation for discretion. On the other hand, it frequently draws criticism for encouraging tax evasion and offshore finance. The U.S. Federal Reserve's major dealer and Forex counterparty are UBS.

Founded: 29 June 1998

Revenue: US$35.54 billion (2021)

AUM: US$b 4.240 (2021)

Website: https://www.ubs.com/

Phone: +41 44 234 85 00

Ranking: 8 of the 10 Top Asset Management Firms