Tag: UBS Bank Switzerland

UBS Bank review explained by professional online banking experts the ForexSQ group, All you need to know about UBS Bank account, For more information about UBS Bank you can also visit UBS reviews by ForexSQ.com banking reviews website, The TopForexBrokers.com online banking experts, or Fxstay.com investing company and get all information you need to know about the UBS Business Banking.

What is UBS Bank

UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zürich and Basel. The company provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide, and is generally considered to be a bulge bracket bank. In Switzerland, these services are also offered to retail clients. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank’s merger with the Swiss Bank Corporation in 1998. The company traces its origins to 1856, when the earliest of its predecessor banks was founded. UBS has over CHF 2.8 trillion in invested assets, and remains a leading provider of retail banking and commercial banking services in Switzerland. It is the biggest bank in Switzerland, operating in more than 50 countries with 59,387 employees around the world, as of 2016.

In comparison to other European banks, UBS suffered among the largest losses during the subprime mortgage crisis, and it was required to raise large amounts of outside capital. The bank received a US$9.7 billion capital injection in 2007 from the Government of Singapore Investment Corporation (currently GIC Private Limited effective from July 2013), which remains one of the bank’s largest shareholders. UBS also received capital from the Swiss government, further complemented by a series of equity offerings in 2007, 2008, and 2009.

UBS Bank Wealth Management

UBS’s wealth management division offers high-net-worth individuals around the world (with the exception of those served by the division of Wealth Management Americas)  a range of advisory and investment products and services. As of the end of 2016, UBS Wealth Management’s invested assets totaled CHF 977 billion.  The whole companies assets under management (AuM) amounted to US$1,737.5 billion in 2015, representing a 1% decrease in AuM compared to the equivalent data of 2014.

More than 60% of total invested assets in UBS Wealth Management belong to individuals with a net-worth of CHF 10 million or more. Of the remaining 40% of total invested assets, 30% of the total belong to individuals with net-worth between CHF 1 million and CHF 10 million and the last 10% of total assets belong to individuals with a net-worth of less than CHF 1 million.

UBS offers brokerage services and products as well as asset management and other investment advisory and portfolio management products and services.  Additionally, UBS provides a broad range of securities and savings products that are supported by the firm’s underwriting and research activities as well as order execution and clearing services for transactions originated by individual investors.

The business is further divided geographically with separate businesses focused on the U.S. and other international markets. Two-thirds of the total invested assets come from Europe and Switzerland with the final one-third coming mainly from the Asia-Pacific region.

With its headquarters in Switzerland, UBS Wealth Management is present in more than 40 countries with approximately 190 offices (100 of which are in Switzerland). As of the end of 2016, around 13,500 people worldwide were employed by UBS Wealth Management.

In Switzerland, UBS Swiss Bank provides a complete set of retail banking services that includes checking, savings, credit cards, and mortgage products for individuals. They offer cash management and commercial banking services for small businesses and corporate clients as well.

UBS’s main competitors in this division are Bank of America, Wells Fargo, Credit Suisse, JP Morgan Chase and Morgan Stanley.

UBS Bank Personal & Corporate Banking

UBS’s Personal & Corporate Banking division delivers financial products and services to retail, corporate and institutional clients in Switzerland.  It also provides stable and substantial profits for the Group and revenues opportunities for businesses within the bank.  UBS maintains a leading position in the retail and corporate loan market in Switzerland; in fact, it serves one in three pension funds, more than 85% of the 1,000 largest Swiss corporations and 85% of banks that resides within the nation.  In 2015 and 2017, the international financial magazine Euromoney named UBS “Best Domestic Cash Manager Switzerland”.  At the end of 2016, its lending portfolio reached CHF 133.9 billion. The 73% of this sum was secured by residential property and the 15% by commercial and industrial properties.

The products that this UBS division offers range from cash accounts, payments, savings and retirement solutions to investment fund products, residential mortgages and advisory services. This business division constitutes a central building block of UBS’s universal bank delivery model in Switzerland and it supports other divisions, such as Investment Bank, by referring clients to them and by assisting them to build their wealth to a level at which they can be transferred to UBS Wealth Management.

The retail and corporate distribution network comprises not only customer service centers, but 1,250 teller machines and self-service terminals, as well as digital banking services.

UBS’s main competitor in this division is Credit Suisse.

UBS Bank Asset Management

UBS Asset Management offers equity, fixed income, currency, hedge fund, global real estate, infrastructure and private equity investment capabilities that can also be combined in multi-asset strategies.

The 1998 UBS-SBC merger and subsequent restructuring resulted in the combination of three major asset management operations: UBS Asset Management, Phillips & Drew (owned by Union Bank of Switzerland), and Brinson Partners (owned by SBC). The investment teams were merged in 2000 and in 2002 the brands were consolidated to become UBS Global Asset Management.

At the end of 2016, UBS Asset Management was responsible for CHF 656 billion of invested assets and assets under administration were CHF 420 billion. With around 3,500 employees in 22 countries, UBS Asset Management is the largest mutual fund manager in Switzerland, a leading fund house in Europe, and one of the largest hedge funds and real estate investment managers in the world. It has main offices in Chicago, Frankfurt, Hartford, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zürich. With the aim to generate systematic products and solutions for client, in 2017, UBS integrated Equities, Fixed Income and Solutions capabilities and hedge funds business within a new area named Investments. UBS also formed a new area of business named Real Estate and Private Markets by combining their Global Real Estate and Infrastructure and Private Equity businesses.

In February 2017, UBS Group AG and the Northern Trust Corporation, an American international financial services company, announced an agreement for the acquisition of UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland. This acquisition will facilitate the expansion of the Northern Trust Corporation into these two countries, turning the American company into the major fund administrator in the local markets and into one of the ten global leaders in the sector. At the end of the transaction, expected for the second half of 2017, the American company will administrate a total of CHF420 billion in assets. UBS Asset Management will continue anyway to offer Management Company, White Labelling and Representative Services to its clients. Ulrich Körner, president of the UBS Asset Management, affirms that the continuous transformation of their platform is due to a major efficiency, effectiveness and geographical dislocation of the services offered by the bank.

UBS’s main competitors in this division are BlackRock, Vanguard Group, State Street Global Advisers (SSGA), Fidelity Investments and Allianz Asset Management (AAM).

UBS Bank Investment

UBS Investment Bank provides services covering securities, other financial products, and research in equities, rates, credit, foreign exchange, precious metals and derivatives.

As of the end of 2016, the personnel employed at UBS Investment Bank totalled 4,734, present in over 35 countries (with principal offices in Hong Kong, London, New York, Singapore, Sydney, Tokyo and Zurich). This business division also advises and provides access to capital markets for corporate and institutional clients, governments, financial intermediaries, alternative asset managers, and private investors. UBS Investment Bank was formerly known as UBS Warburg and as Warburg Dillon Read, before the merger of the Union Bank of Switzerland and the Swiss Bank Corporation (SBC).

Within the UBS Investment Bank division, the Investment Banking Department (IBD) provides a range of advisory and underwriting services including mergers and acquisitions, restructuring, equity offerings, investment grade and high yield debt offerings, leveraged finance and leveraged loan structuring, and the private placement of equity, debt, and derivatives.

The Sales & Trading division comprises equities (brokering, dealing, market making and engaging in proprietary trading in equities, equity-related products, equity derivatives, and structured products) and FX, Rates and Credit (FRC) (brokering, dealing, market making and engaging in proprietary trading in interest rate products, credit products, mortgage-backed securities, leveraged loans, investment grade and high-yield debt, currencies, structured products, and derivative products).

Following an expansion in 2002, the trading floor covers 103,000-square-foot (9,600 m²) with 40-foot (12 m) arched ceilings. Over US$1 trillion in assets are traded here every trading day. In June 2011, it was announced that UBS was considering moving its North American headquarters back to New York City, and that the bank was looking for office spaces in Midtown and in the rebuilt World Trade Center

Since the early 2000s, UBS Investment Bank has been among the top fee-generating investment banks globally.  In 2010, UBS ranked No.5 globally in mergers & acquisitions advisory, No.5 globally in debt capital markets bookrunning, No.5 globally in follow-on equity offerings, No.3 in European follow-on equity offerings, No.1 in Asia M&A advisory, No.2 in Asian equity capital markets bookrunning, No.2 in Asian follow-on equity offerings, No.2 in Canadian M&A advisory, No.3 in Middle Eastern & African mergers & acquisitions advisory, and No.2 in Middle Eastern & African equity capital markets bookrunning. UBS also ranked No.1 on the 2010 M&A league tables in Australia, ahead of Macquarie Bank and Goldman Sachs.

UBS’s main competitors in this division are Goldmann Sachs, JP Morgan Chase, Barclays, Merril Lynch and Morgan Stanley.

UBS E Banking

With UBS E-banking and UBS Mobile Banking you can do your banking anytime, anywhere. Managing your credit, prepaid and debit cards online is a cinch. Stay informed of all account and card transactions with Push messages or SMS. Especially handy: Use the app to scan your payment slips and avoid having to enter cumbersome reference numbers.

UBS Bank Mobile Banking Advantages

UBS E Banking login on your smartphone

To log in with the Access app, simply scan the QR code displayed on the e-banking home page and enter your PIN – and you’re registered.
The Access app is the convenient alternative to logging in with an Access Card and card reader – it’s also ideal for logging in to the Mobile Banking app.

UBS E Banking Accounts and payments

Keep an eye on your account balance and latest account movements at all times.
Use the payment wizard to transfer money in just a few steps.
Scan payment slips conveniently with the Mobile Banking app and confirm payment directly via the app – without having to type in reference numbers.
Approve e-bills and manage your standing orders.

With UBS E Banking Check Credit Cards

Check your credit card spending and the amount still available. If it’s not enough, simply increase it.
Adjust the limits on your credit and debit cards yourself.
Block lost credit or debit cards directly in e-banking – or with the Mobile Banking app.

UBS E Banking Notifications

Stay informed at all times on account movements, balances, and card transactions.
Choose which events you want to be automatically notified of via push message, e-mail or SMS.

UBS Bank Review Conclusion

For latest UBS Online Banking news visit Top Banking Services comparison website or www.ForexSQ.com online banking and investments news please.