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 Investment Bank has launched a new ETN, the ETRACS Whitney US Critical Technologies ETN, with the ticker WUCT, linked to the Solactive Whitney U.S. Critical Technologies CNTR Index. This index tracks large- and mid-cap companies involved in critical technology sectors with a minimum geostrategic risk rating. The index is market-capitalization weighted and was first publicly disseminated on January 3, 2023. The ETN is traded on NYSE Arca and carries risks including potential loss of principal. Investors are encouraged to review the associated prospectus for details on risks and investments.
UBS announced that twelve advisors from its Philadelphia D.C. wealth management market have been recognized on the 2023 Barron’s Top 1200 Financial Advisors list. Julie Fox, Market Executive at UBS Private Wealth Management, emphasized the dedication of these advisors to delivering high-quality financial advice. Additionally, the Catanella Institutional Consulting Team, based in Philadelphia, was named a NAPA Top Defined Contribution Advisor Team for 2022. The rankings are determined by various metrics, including firm revenue and assets under management. For further details, visit Barron's Top Financial Advisors.
UBS has appointed Sergio P. Ermotti as Chief Executive Officer effective 5 April 2023, succeeding Ralph Hamers, who will remain as an advisor during the transition. This leadership change follows UBS's planned acquisition of Credit Suisse, necessitating a shift in priorities. Ermotti, a former CEO with a successful track record in enhancing financial strength and resilience, is expected to lead the integration of Credit Suisse. Hamers, under whose leadership UBS achieved record results, expressed gratitude and commitment to support Ermotti during this critical period.
UBS Wealth Management USA has announced the addition of Financial Advisors Stephen and John Hagy to its Westlake Village office. The Hagy Group, focusing on high-net-worth clients, manages nearly $180 million in client assets. Market Director Louis Skertich expressed enthusiasm about their experience enhancing UBS's offerings in this key market. Stephen Hagy joins with over 30 years in finance, previously at Morgan Stanley, while John Hagy, with over five years of experience, specializes in wealth management for professional athletes and real estate agents.
UBS Group AG (NYSE:UBS) has announced an invitation for holders of its EUR 1.5bn and EUR 1.25bn fixed-rate notes to tender for cash in light of recent corporate actions. The Notes, issued on March 17, 2023, include 4.625% notes due March 2028 and 4.750% notes due March 2032. UBS assures compliance with obligations related to the Notes and is offering to repurchase them at 99.932% and 99.518% of their principal amounts, respectively. The Offers commence on March 22, 2023, with a final expiration deadline on April 4, 2023. More details can be found in the official notice on the SIX Swiss Exchange.
UBS plans to acquire Credit Suisse, aiming to create a leading global wealth manager with over
UBS Wealth Management USA has recognized Financial Advisor Courtney McDonald Liddy for her remarkable achievements, including being named to Forbes' Top Women Wealth Advisors and Barron’s Top 1200 Financial Advisors lists for 2023. This marks Liddy's fifth and sixth appearances on these prestigious lists since 2019. She ranked #8 in California and #44 overall among top female advisors, serving high-net-worth clients with their diverse financial needs. The Forbes/SHOOK list featured 1,697 women managing nearly $2.3 trillion in assets, showcasing Liddy's significant impact in the financial advisory sector.
UBS has partnered with Athletes Soul to offer financial education and resources for retiring athletes. This initiative aims to help athletes make informed financial decisions as they transition from sports. A series of interviews with former athletes will kick off the program at the BNP Paribas Open Tennis Tournament in Indian Wells, CA. Barry Porter from UBS has achieved the Athletes and Entertainers Consultant designation, which signifies his expertise in advising clients in the sports and entertainment sectors. This collaboration seeks to address the financial challenges faced by retiring athletes.
UBS Private Wealth Management has appointed Brandon Marty as a Senior Portfolio Manager in its Stamford, CT office. With 16 years of experience in investment strategies, he will focus on developing tax-efficient plans for high net worth clients. Chris Dimuria, Head of the New York market, expressed enthusiasm about Brandon's experience and client dedication, predicting it will enhance their offerings. Prior to UBS, Brandon worked at City National Rochdale and held roles at PWC and Credit Suisse. He holds a Bachelor’s from the University of Massachusetts and an MBA from Fordham University.
UBS Wealth Management USA welcomes Thomas Sheehan, a financial advisor with over 22 years of experience and more than $305 million in client assets, to their Greater New England Market in Providence, Rhode Island. Alongside Registered Client Service Associate Katie Ranney, Sheehan aims to enhance client service and expand UBS's offerings in the region. Ryann Kilgore, the Coastal New England Market Director, emphasized Sheehan's dedication to client goals and community involvement. Sheehan's expertise includes family dynamics and comprehensive wealth management strategies, positioning UBS favorably for growth in Rhode Island.
FAQ
What is the current stock price of UBS Group (UBS)?
What is the market cap of UBS Group (UBS)?
What is UBS Group AG?
What are the core businesses of UBS?
Where is UBS Group AG headquartered?
What recent investments has UBS made?
How much in assets does UBS manage?
On which stock exchanges are UBS shares listed?
What is UBS's approach to wealth management?
How does UBS support third-party clients?
What is UBS Next?
What is the significance of UBS's investment in Synthesized Ltd?
