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 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.
UBS Wealth Management USA announced that five of its financial advisor teams in Arizona have been recognized in the Forbes Best-In-State Wealth Management Teams list for 2023. Among the teams, The Schultz Group is ranked #2, while The Biltmore Financial Group and The Choy Group hold positions #15 and #38, respectively, in Phoenix. In Tucson, Rottenstein Wealth Management ranks #39 and the Mitchell/Abdy Team ranks #44. This list features over 2,800 teams managing approximately $4 trillion in client assets, determined by SHOOK Research using various evaluation criteria.
UBS Group AG will conduct its Annual General Meeting (AGM) in-person on 5 April 2023 at 10:00 am CET in Basel, after three years of online meetings. All Board members will seek re-election, and the Board proposes a cash dividend of USD 0.55 per share for 2022. Additionally, the Board suggests capital reduction through share cancellations from the 2021 repurchase program and the initiation of a new share repurchase program for 2023. The meeting agenda includes approval of financial statements, compensation reports, and amendments to company bylaws.
UBS Wealth Management USA has welcomed Financial Advisors Brian Mariash and Bart Lowther, along with their six-person team, to its Sarasota, Florida office. They manage nearly $640 million in client assets, focusing on ultra-high net worth individuals and families. The addition aims to strengthen UBS's capabilities in the growing market. Mariash, with over 15 years at Merrill Wealth Management, emphasizes education and philanthropy in his wealth management approach. Lowther, a 2010 Merrill veteran, specializes in personalized wealth preservation strategies. This strategic move is anticipated to enhance client service and expand market reach.
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