UBS is among the leading wealth manager and top investment banking and securities firm of the world. UBS operates in more than 50 countries with its headquarters located in Zurich and Basel, in Switzerland. Presently, UBS employs above 80,000 people in various departments of the company with 35% in Switzerland, 10% in Asia Pacific, 39% in America and 16% in the rest of Europe. UBS is one of the leaders in retail and commercial banking of Switzerland.
UBS also has a major presence in U.S., and its American headquarters is located in New York City's Manhattan borough, (Investment Banking); Stamford, Connecticut (Capital Markets) and Weehawken, New Jersey (Private Wealth). UBS is an acronym for United Bank of Switzerland. UBS is involved in financial services related to asset management, private banking and investment banking.
History of UBS
UBS has a long and glorious history that dates back to the second half of the Nineteenth century. The Bank in Winterthur and the Toggenburger Bank united to form the Schweizerische Bankgesellschaft. The French name of the bank was Union de Banques Suisses (UBS) and in Italian it was called Unione di Banche Svizzere (UBS). The three core components of the company: Union Bank of Switzerland, Swiss Bank Corporation were all established in between 1860s and 1870s.
In 1921, the bank was given an English name and was called Union Bank of Switzerland (UBS). In 1940, UBS established the Union American Corporation (UACo) in New York for custodian purposes.
Services of UBS
Various products and services are offered by UBS for individual and corporate clients. The UBS Life Cycle Solutions includes comprehensive and attractive banking solutions for different types of people like children, young people, students, young professionals, families couples and individuals.
UBS offers special services to young people in the form of savings account for children with preferential interest rate. There are also UBS investment fund account for children. The young savers receive several attractive prizes like free tickets for cinema matinées, an advent calendar, competitions with attractive prizes, and many more surprises.
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The UBS Generation is a perfect choice for young people between the age of 12 and 22. Some of the benefits of the account are preferential interest rates on the UBS personal account Generation, no account maintenance charges and free UBS Maestro Card Generation. It also provides a range of UBS KeyClub offers that are specially tailored for young people and students.
The UBS Campus is meant for students up to 30 years of age. The customers enjoy preferential interest rates on UBS personal accounts campus and UBS maestro cards campus. UBS credit cards come free with no account maintenance charges.. They also get free personal advice and various UBS KeyClub offers specially designed for young people and students, free membership in EURO-26, cool events, regular e-newsletters and lots more.
The facilities enjoyed by the UBS Young Professional clients are:
- No administration fee
- Preferential interest rates are enjoyed except for UBS investment fund account in USD
- The minimum investment is lower and the withdrawal amount is also less.
- 50% discount on issuing commission
People who want to own house, can apply for mortgages at UBS. The bank offers different mortgage policies to fulfill the requirements of different people. Some of the UBS mortgage policies are:
- UBS Fixed Rate Mortgage
- UBS Financial Advisory for multi-family residences
- UBS Libor Mortgage
- The UBS mortgage with insurance cover
- UBS Mortgage Overdraft Facility
- UBS Building Financing
- UBS Portfolio Mortgage
- UBS Libor Cap Warrants
UBS in Switzerland provides business loans to finance the current and fixed assets of businessmen. UBS helps companies that are involved in the export-import business and hedge their financial risks. The customers can take advantage of the experience of UBS and their global network of correspondent banks.
UBS is among the major financial firms of the world that operates from more than 50 countries of the world.
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