Corporate Structure
UBS is a joint-stock company according to Swiss law, headquartered in Basel and Zürich, Switzerland, and is listed at the SIX Swiss Exchange and the New York Stock Exchange (NYSE). UBS is present in all major financial centers worldwide, with about 37% of its 64,617 employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. It has a major presence in the United States, with its American headquarters located in New York City (Investment banking); Weehawken, New Jersey (Private Wealth Management); and Stamford, Connecticut (Sales & Trading). UBS's global business groups are wealth management, investment banking and asset management. Additionally, UBS is the leading provider of retail banking and commercial banking services in Switzerland, as of 2009. Overall invested assets are CHF3.265 trillion, shareholders' equity is CHF47.850 billion and market capitalization is CHF151.2 billion by the end of 2Q 2007.
UBS is structured in three client divisions: Investment Banking, Global Asset Management, and Wealth Management. On June 9, 2003, all UBS business groups, including UBS Paine Webber and UBS Warburg, rebranded under the UBS name as the company began operating as a unified global entity.
Read more about this topic: UBS
Famous quotes containing the words corporate and/or structure:
“Its hard enough to adjust [to the lack of control] in the beginning, says a corporate vice president and single mother. But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.”
—Anne C. Weisberg (20th century)
“Who says that fictions only and false hair
Become a verse? Is there in truth no beauty?
Is all good structure in a winding stair?
May no lines pass, except they do their duty
Not to a true, but painted chair?”
—George Herbert (15931633)