UBS is a renowned commercial service provider based in Switzerland. It specializes in the management of Private Wealth assets. The headquarters of UBS are located in two different locations, Zurich and Basel. UBS is also one of the key players in the U.S. financial sector. In the U.S., UBS operates three different divisions namely Investment Banking, Capital Market wing and Private Wealth. The retail branches of UBS are placed in all major cities and towns of the United States of America. The international branches of UBS are spread over fifty nations across the world. The total employee strength of UBS has been more than 78,000.
History of UBS
The origin of the bank dates back to the year 1747. The first branch of this Swiss bank started its operation in Valposchiavo. Following the merger of the Swiss Bank Corporation and the Union Bank of Switzerland in the year 1998, UBS derived its latest form. In 2003, all subsidiaries of UBS group were brought under UBS brand.
UBS Service
UBS is the second biggest financial service provider in Europe. With its huge market capitalization and profitability, UBS has emerged as one of the most prominent players in the banking sector of Europe. The total invested assets of UBS group amount to more than 2.766 trillion Swiss francs.
Besides its banking service, UBS has recently launched an alternative management business division with the name Dillon Read Capital Management. This new wing of UBS brand attempts to extend its stretch in the new areas of banking industry.
