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 celebrates Stephen W. Davis's inclusion in the 2020 Forbes/SHOOK Best-In-State Wealth Advisors list, marking his third consecutive year on the list. With over 27 years of experience, Stephen leads The Davis Group, which focuses on holistic wealth management for diverse clients. The Forbes/SHOOK list evaluates over 4,000 advisors through rigorous criteria, including interviews and revenue performance. The recognition highlights Stephen's commitment to excellent client service, as noted by Branch Manager Louis G. Skertich.
UBS has announced that Greg Mendoza, a Financial Advisor from its Hartford, Connecticut office, has been recognized in the Financial Times 401 Top Retirement Plan Advisors list for 2020. With 20 years of experience, Mendoza specializes in wealth management and retirement plan advisory services. He leads the Integrated Wealth Management Group and has been previously recognized as a top advisor multiple times. This honor reflects his commitment and expertise in serving clients effectively.
UBS Investment Bank has announced coupon payments for seven ETRACS Exchange Traded Notes (ETNs) traded on NYSE Arca, with the upcoming payment dates set for November 20, 2020. The ETNs include SDYL, LMLB, HDLB, SMHB, PFFL, CEFD, and MVRL, each offering varied monthly coupon amounts and current yields, ranging from 6.39% to 17.56%. Notably, these yields are not indicative of future payments, as they depend on underlying asset distributions, which may vary. Investors are advised to review the prospectus for detailed information regarding these ETNs.
UBS AG has announced the redemption of all outstanding securities for two ETNs: BDCY and LMLB. Redemption notices will be sent to the holders, with the Call Settlement Date set for December 10, 2020. UBS has also suspended future sales from inventory for these securities, waiving the minimum redemption size requirement. The market value of these ETNs may be affected, potentially leading to trading at a premium. Investors are advised to consider the intraday indicative value before buying or selling. UBS has filed a Registration Statement with the SEC for these securities.
UBS AG has announced the redemption of all outstanding securities in eleven Series A ETNs, including various ETRACS linked to indices like the Alerian MLP Index and Bloomberg Commodity Index. Redemption notices will be sent to holders, with specific call settlement dates ranging from November 23 to December 10, 2020. Additionally, UBS has suspended further sales from inventory for these ETNs and waived the minimum early redemption size requirement. The announcement includes caution that market values may be affected by the suspension, potentially leading to financial losses for investors who pay a premium over the redemption amounts.
UBS Wealth Management USA announces Roger Vierra as a Financial Times (FT) 401 Top Retirement Advisor for the fifth consecutive year. As a Senior Vice President—Investments in the South Shore office, Vierra's selection highlights his expertise in guiding clients through retirement planning. His extensive experience spans over thirty years, focusing on fiduciary consulting services and asset management for retirement plans. The FT list recognizes top advisors based on defined contribution assets under management, industry certifications, and compliance. For more details, visit the FT report.
Kalyn Maher Walker, Vice President at UBS Wealth Management in San Diego, has been recognized in the 2020 Working Mother/SHOOK Research Top Wealth Advisor Moms List, highlighting her success in the financial services industry. With over a decade of experience, Walker previously ranked within the top 100 of the 2019 list and was also recognized in the Forbes Top Next-Gen Wealth Advisors. The recognition underscores her commitment to serving families and clients, focusing on comprehensive wealth management solutions.
UBS Wealth Management USA has announced that Jessica Guo, a Managing Director and Financial Advisor at The Guo Group, has been named to the 2020 list of Top Wealth Advisor Moms by Working Mother and SHOOK Research. With over 28 years of experience, Jessica is recognized for her dedication to clients and community. She holds multiple financial designations and is fluent in Mandarin and Cantonese. The ranking considers qualitative and quantitative measures, including assets under management and revenue generation, and reflects the opinions of SHOOK Research, not guaranteed future performance.
UBS Group AG (NYSE:UBS) announces the second instalment of its 2019 dividend, scheduled for payment on 27 November 2020, pending shareholder approval at an Extraordinary General Meeting (EGM) on 19 November 2020. This follows a split decision made during the 29 April 2020 Annual General Meeting to distribute the dividend in two equal parts of USD 0.365 per share due to COVID-19 impact. The second distribution will derive equally from capital contribution reserves and retained earnings.
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