Welcome to our dedicated page for UBS Group news (Ticker: UBS), a resource for investors and traders seeking the latest updates and insights on UBS Group stock.
UBS Group AG (symbol: UBS) is a multinational investment bank and financial services company based in Switzerland, with co-headquarters in Zürich and Basel. As the largest Swiss banking institution and the world's largest private bank, UBS maintains a robust presence in major financial centers globally.
The company excels in global wealth management, focusing on high and ultra-high-net-worth individuals. Its Swiss operations include traditional retail and commercial banking. UBS also leverages its investment bank and asset management arms to support its wealth management services, providing comprehensive solutions to third-party clients.
UBS's recent achievements include substantial investments in innovative technology ventures. Notably, UBS Next, the group's venture and innovation unit, recently invested in Synthesized Ltd, a data generation and provisioning platform. This partnership aims to enhance data management and security using advanced machine learning and automation technologies.
UBS's diversified offerings and strategic partnerships ensure cutting-edge services, catering to a broad clientele ranging from private individuals to large corporate entities. As of the fourth quarter of 2023, UBS manages an impressive USD 5.7 trillion in invested assets, further solidifying its status as a global financial powerhouse.
UBS shares are publicly traded on the SIX Swiss Exchange and the New York Stock Exchange (NYSE), reflecting the company's significant role in the international financial market.
UBS Wealth Management has appointed Ryan Lurie, APMA™, to lead its Arizona offices. Based in Scottsdale, Lurie will oversee financial advisors and support staff in Phoenix and Scottsdale, reporting to Justin Frame, UBS Market Executive for the Pacific Desert market. His responsibilities include expanding business activities, recruiting advisors, and coaching team members while managing client accounts. Lurie joins UBS after serving as Managing Director at Ameriprise in Phoenix for nearly seven years. He holds various securities licenses and is FINRA-registered in Arizona, California, and 21 other states.
UBS has announced the hiring of Financial Advisor Anibal Drelichman in Washington, D.C., joining the UBS Philadelphia D.C. Wealth Management Market. Drelichman brings nearly three decades of industry experience, previously working at RBC Wealth Management. He specializes in comprehensive wealth planning and investment management services for individuals, business owners, nonprofits, corporations, and credit unions. With a law degree from American University and experience practicing law, Drelichman will work alongside Client Service Associate Fatema Sarker under Market Executive Julie Fox and Market Director Brendan Graham.
UBS AG has released its third-quarter 2024 financial report and Pillar 3 report. The financial results were initially reported on a consolidated basis by UBS Group AG on 30 October 2024. Both reports are accessible on the UBS website.
UBS Wealth Management USA has announced the appointment of Denise Meulebrouck as Financial Advisor in Birmingham, Michigan. With over 27 years of wealth management experience, Meulebrouck joins the BLS Meulebrouck Wealth Management Group at UBS, a 12-person advisor team. She specializes in creating customized financial strategies for retirees, divorcees, and widowers, as well as managing corporate retirement plans. Previously at Merrill since 1997, she holds CDFA®, CRPC™, and C(k)P® designations, and brings expertise in treasury analysis from her time at Lear
UBS reported a net profit of USD 1.4bn in Q3 2024, with profit before tax of USD 1.9bn and underlying profit before tax of USD 2.4bn. The bank achieved USD 25bn in net new assets in Global Wealth Management, with total Group invested assets reaching USD 6.2trn, up 15% year-over-year. The bank realized USD 0.8bn in gross cost savings during Q3 and expects USD ~7.5bn for full-year 2024. UBS maintains a strong capital position with a CET1 capital ratio of 14.3% and successfully completed first wave of client account migrations in Luxembourg and Hong Kong.
UBS Private Wealth Management has announced the addition of John Hardin as a Financial Advisor in South Florida. John joins the UBS Miami Private Wealth Management market, led by Brad Rosenberg, and will be based in the Coral Gables office. He is accompanied by Senior Wealth Strategy Associate Katelyn O'Hara.
John and Katelyn are joining Integra Partners, a Private Wealth team led by UBS Financial Advisors Vicente Del Rio, Brian Beraha, and Horacio Aguirre. This team, which joined UBS in early 2021 from J.P. Morgan Private Bank, has grown to oversee more than $7.2 billion in client assets.
John Hardin brings extensive experience serving ultra-high net worth clients and family offices, focusing on investment strategies and solutions. He holds a CFA® designation, an MBA from NYU Stern School of Business, and a bachelor's degree in economics from Johns Hopkins University. Katelyn O'Hara, also a CFA®, previously worked at J.P. Morgan Private Bank and Goldman Sachs, and holds a Bachelor of Science in Economics and Finance from University College Dublin, Ireland.
UBS is set to sponsor Art San Diego 2024, a premier contemporary fine art fair in Southern California, for the 16th consecutive year. The event, scheduled for November 1-3, 2024 at the San Diego Convention Center, is expected to attract over 10,000 attendees.
The sponsorship aligns with UBS's commitment to supporting local artistic communities and includes the Access to Art philanthropic program. This initiative partners with Monarch School, Humble Design San Diego, and artists from ARTS DISTRICT Liberty Station to create a special installation interpreting how a house becomes a home through art.
The fair will feature more than 90 national and international galleries and over 450 artists from 14 countries and states. Notable international exhibitors include Sachie Yoshino Gallery from Japan and Van Leeuwen Art from Switzerland. The event also includes the return of the San Diego Selects recognition program.
UBS Wealth Management has announced that James (Jim) Kosan has joined the firm's Riverside, California office. As a financial advisor, Jim specializes in comprehensive wealth management solutions for affluent families, focusing on Family Office services and life transitions. His expertise includes managing complex family strategies, business succession planning, inheritance planning, trust review and design, and tax minimization strategies.
Prior to joining UBS, Jim worked at Morgan Stanley since 2012 and spent six years with Merrill Lynch before that. He holds a Bachelor of Science degree in Business Management from California State Polytechnic University, Pomona, along with Series 7 and 66 securities licenses and a Senior Portfolio Manager designation.
Pat Lizza, Market Director for the Inland Empire offices of UBS, expressed enthusiasm about Jim's addition to the team, highlighting his strong knowledge of key asset classes and expertise in retirement planning and investment decision-making.
UBS Private Wealth Management announced that Warren Coughlin, a Private Wealth Advisor in the Los Angeles office, has been named to the Forbes Top Next-Gen Best-in-State Wealth Advisor list for 2024. This marks Coughlin's third inclusion on the list. Coughlin leads Presidio Partners, a Private Wealth team specializing in serving tech founders and entrepreneurs, alongside Charles Korasick and Robert Gach.
The team has an impressive track record, having worked with over 21 "unicorn" co-founders, advised more than 33 clients through liquidity events, and served over 40 late-stage co-founders with at least $50 million in private stock positions. The Forbes/SHOOK Top Next-Gen Advisors Best-In-State list features 1,621 top professionals managing nearly $2.8 trillion in assets collectively.
UBS Wealth Management USA announced that five financial advisors in its Pacific Desert Market have been named to the Forbes Top Next-Gen Wealth Advisors Best-in-State list for 2024. The recognized advisors are:
- Stockton Schultz (Phoenix, AZ) - also ranked 34th nationally
- Aaron Rottenstein (Tucson, AZ)
- Blake Foster (Newport Beach, CA)
- Earl B. (Bryan) Thompson III (San Diego, CA)
- Kyle Yoneshige (Honolulu, HI)
These advisors have extensive experience in wealth management, financial planning, and investment consulting. They serve diverse clientele, including high-net-worth individuals, families, business owners, and institutions. Many have received multiple recognitions from Forbes and other industry accolades throughout their careers.
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