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 has announced an increase in its 2022 ordinary dividend from
UBS has partnered with PlayersTV to launch new sports programming featuring elite athletes sharing insights on entrepreneurship and financial literacy. The series Long Game premieres on September 13 with 8 episodes showcasing sports icons like Damian Lillard and Ken Griffey Jr. Additionally, the second season of Front Office will start on October 25, highlighting athlete-investors like Mookie Betts and Dwyane Wade. This collaboration aims to enhance financial education among viewers while promoting wealth management strategies.
UBS has decided to purchase a
UBS Wealth Management USA has welcomed a four-member team managing over $500 million in client assets in Sherman Oaks, California. The team, led by Managing Director Roshan Ghaznavi and Financial Advisor Matthew Seukunian, specializes in pre- and post-retirement financial needs. UBS continues to focus on attracting top advisors in the industry to enhance its services in the San Fernando Valley region. The new team brings valuable experience from Merrill Lynch and will strengthen UBS's client service capabilities.
UBS Private Wealth Management announced that Jeremy Keller, a Private Wealth Advisor in Las Vegas, has been ranked #1 in Nevada on the Forbes/SHOOK Top Next-Gen Wealth Advisors list for 2022. This recognition highlights Keller's dedication to personalized wealth management for high-net-worth clients, focusing on areas like estate planning and tax optimization. Keller's achievements also include being on the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2022. The ranking is based on a combination of qualitative and quantitative metrics, ensuring a rigorous selection process.
UBS has entered into a definitive agreement with iCapital for the acquisition of UBS Fund Advisor LLC, its proprietary US alternative investment management division, overseeing US$7 billion in client assets. This transfer allows iCapital to manage a variety of feeder funds, enhancing operational efficiency. UBS Financial Advisors will continue to support high-net-worth clients. The transaction aims to close in the second half of 2022, although financial terms were not disclosed. The partnership strengthens UBS's commitment to client service and streamlined operations.
UBS Investment Bank announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE: AMUB). The coupon valuation date is set for 08/15/22, with an ex-date of 08/25/22, and record date of 08/26/22. The payment date is 09/06/22, with a coupon amount of $0.2200, yielding an annualized return of 6.42%. Investors are advised to review the prospectus for further details regarding risks associated with the ETN investments.
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