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 USA has announced the addition of Financial Advisor Taylor Gray to its team in White Plains, New York. With over 20 years of experience, Gray specializes in providing tailored financial solutions and works primarily with foundations, entrepreneurs, and families. Jim Miller, Soundview Assistant Market Head at UBS, expressed enthusiasm about Gray's role in expanding client offerings. Gray also engages in charitable endeavors, assisting organizations in securing funding opportunities.
The UBS Group AG has announced significant changes in its Board of Directors, with Colm Kelleher and Lukas Gähwiler nominated for Chairman and Vice Chairman respectively. Axel Weber will not seek re-election after ten years, while Reto Francioni steps down to become Chairman of UBS Europe SE. The Board proposes a cash dividend of USD 0.50 per share and plans a capital reduction through share cancellations from the buyback program. The Annual General Meeting (AGM) is scheduled for April 6, 2022.
UBS AG (NYSE:UBS) has released its Annual Report 2021, detailing the firm's strategy, governance, and financial performance. The fully audited results reveal a net profit of USD 7,457 million for 2021 and diluted earnings per share of USD 2.06, consistent with prior unaudited figures. This report addresses the regulatory environment and offers insights into the Group's achievements, available at ubs.com/annualreporting.
UBS Wealth Management USA has promoted Tim Skelton to Managing Director in its Indianapolis branch. This acknowledgment highlights Skelton's expertise and commitment, significantly contributing to the firm’s culture. Skelton, who began his financial career in 1998, has been with UBS since 2008 and currently leads Skelton Wealth Management, serving high-net-worth clients. His accolades include being recognized as a Forbes/SHOOK Research Best-In-State Wealth Advisor since 2018. Skelton also actively supports local charities, enhancing his community involvement.
UBS Wealth Management USA announced that two San Diego-based Financial Advisors, Courtney Liddy and Kalyn Maher Walker, have been recognized in the Forbes/SHOOK Research Top Women Wealth Advisors list for 2022. Liddy ranked #11 in California and #37 overall, improving from #59 last year, while Walker ranked #37 in California. The list features 1,377 advisors managing $1.9 trillion in assets. This recognition highlights the commitment of Liddy and Walker to their clients and their extensive qualifications in wealth management.
UBS Private Wealth Management has announced that three advisors from its Northeast market have been recognized in the Forbes/SHOOK Research Top Women Wealth Advisors list for 2022. The advisors, Andrea Bevis, Susan Bordash, and Teresa Jacobsen, are celebrated for their exceptional service and expertise. Collectively, the Top Women Wealth Advisors list includes 1,377 advisors managing
UBS Private Wealth Management has announced that David Schachter, a Financial Advisor in Los Angeles, has earned the Athletes and Entertainers Consultant (AEC) designation. Schachter, a recognized wealth advisor, leads the Endurance Artist Management team at UBS, providing tailored financial insights for sports and entertainment clients. This designation reflects his expertise in navigating the unique financial challenges faced by high-profile individuals. The AEC segment was launched in 2019 to enhance advisory services in this specialized market.
UBS reported strong financial results for FY21, achieving a profit before tax (PBT) of USD 9,484m, up 16% YoY. The firm demonstrated significant growth with USD 107bn in net new fee-generating assets and USD 28bn in net new lending. However, litigation provisions of USD 740m for a French matter impacted expenses, raising the cost/income ratio to 73.6%. Notably, UBS plans to repurchase up to USD 5bn of shares in 2022 and proposes a dividend of USD 0.50 per share. Despite challenges, UBS aims for sustainable growth with tech investments and expanding client segments.
UBS has announced its acquisition of Wealthfront, a cutting-edge digital wealth management platform, for
UBS has launched the Multicultural Investors Strategic Client Segment to cater to US investors from Asian-American, Black, and Hispanic and Latino backgrounds with investable assets of USD 1 million and above. Led by Melinda Hightower, this initiative aims to provide tailored wealth management insights and inclusive investment solutions. UBS recognizes that multicultural investors have unique needs and priorities, seeking to bridge the trust gap in financial services. This segment adds to UBS's existing suite of specialized services, enhancing their commitment to diversity and inclusion.
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