UBS Group - UBS STOCK NEWS

Colm Kelleher has been nominated to succeed Axel A. Weber as Chairman of the UBS Group AG Board of Directors during the Annual General Meeting scheduled for 6 April 2022. Lukas Gähwiler will also be nominated as Vice Chairman. Kelleher, a former President of Morgan Stanley, brings over 30 years of banking experience. Gähwiler, the current Chairman of UBS Switzerland AG, has significant industry expertise. Both nominations aim to enhance UBS's leadership following Weber’s tenure, which focused on stabilizing and refocusing the firm.

UBS and Luminary have launched the second annual UBS x Luminary Fellowship Program, supporting women of color-owned businesses affected by the pandemic. This year, 75 fellowships will be awarded, an increase from 55 last year. The program aims to provide essential resources and mentorship to help these businesses thrive. Key statistics highlight that 58% of fellows from the previous cohort developed new client relationships, affirming the program's impact. Applications for the 2022 cohort are open until December 15, 2021.

UBS Wealth Management USA announces that Kalyn Maher Walker has made the Working Mother/SHOOK Research Top Wealth Advisor Moms list for 2021, marking her third consecutive year on this prestigious list. Kalyn, part of the Maher-Walker and Zeigler team in San Diego, has over a decade of experience in the financial services sector. Her dedication to understanding clients' needs in education, philanthropy, and family planning has been recognized by industry leaders, further enhancing UBS's reputation as a leading wealth management firm.

UBS reported strong financial results for 3Q21, with a net profit of USD 2.3bn, up 9% year-on-year. The return on CET1 capital was 20.8%, exceeding guidance, while the cost/income ratio improved to 68.7%. Global Wealth Management saw substantial inflows, totaling USD 80bn year-to-date. The firm also intends to repurchase up to USD 0.6bn in shares in 4Q21. Despite uncertainties in the market, UBS is focused on driving growth and efficiency.

UBS Private Wealth Management has welcomed Financial Advisors Matthew T. Leone, Kevin M. Heck, and Emily Barbe to its New York City team, alongside Client Service Associates Anthony D’Anton, Rosalina Perez-Palombini, and Annika Kelshiker.

The Leone-Heck Group, co-founded by Leone and Heck, boasts nearly 40 years of collective experience and manages $890 million in client assets. The firm aims to recruit leading financial advisors, enhancing its Private Wealth platform for high-net-worth clients.

UBS Wealth Management USA announced that Financial Advisor Jeremy Keller has been recognized in the Forbes/SHOOK Research Top Next-Gen Wealth Advisors list for 2021. Keller, based in Las Vegas, specializes in advising high-net-worth clients on various financial strategies. He has been with UBS since 2009, and this accolade highlights his leadership in the industry. The 2021 list includes 500 advisors managing over $1 trillion in assets. For more details, visit Forbes.

UBS Private Wealth Management announced that two of its Private Wealth Advisors, Andrea Bevis and Teresa Jacobsen, have been named to the 2021 Working Mother/SHOOK Research Top Wealth Advisor Moms list. Bevis, based in Boston, has been with UBS since 2015 and is a recognized industry leader. Jacobsen, in Stamford, has over 25 years of experience and has received multiple accolades, including Barron's Hall of Fame recognition. The list highlights successful mothers in financial advising, expanding to 500 advisors this year.

UBS Wealth Management USA has welcomed Financial Advisors Scott Seifert and Joe Hertig to its team in Missoula, Montana, managing a combined $485 million in client assets. The firm emphasizes its commitment to recruiting top advisors, asserting that it offers a robust platform for financial services. Seifert brings 33 years of experience from Merrill Lynch, while Hertig has over 22 years. UBS aims to provide comprehensive wealth management solutions globally, with a strong focus on capital efficiency and long-term growth.

UBS has launched a new initiative under Project Entrepreneur, awarding $25,000 grants to thirty female founders of color to enhance their business prospects. This program aims to tackle the funding disparity faced by Black and Latinx female entrepreneurs, who receive less than 1% of venture capital. Additionally, all applicants will gain access to valuable resources and a supportive community. Applications are open until November 10, 2021, with winners announced in late January 2022.