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.
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UBS Wealth Management USA announced that seven financial advisor teams in Arizona have been named to the Forbes Best-In-State Wealth Management Teams list for 2024. The teams are based in Phoenix, Tucson, and Scottsdale. The second annual Forbes/SHOOK Best-In-State Wealth Management Teams list features more than 4,100 teams with cumulative assets of $5.1 trillion.
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UBS Group AG (NYSE:UBS) has reported 4Q23 and FY23 highlights, including a 4Q23 PBT of USD (751m) and FY23 PBT of USD 29,916m, with USD ~4bn in exit rate gross cost savings in FY23 vs FY22 combined and a 27% YoY increase in FY23 ordinary dividend. The company is targeting USD ~13bn gross cost reductions by end-2026 and has maintained a CET1 ratio of 14.5% and CET1 leverage ratio of 4.7%.
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UBS Wealth Management USA has announced that a four-person advisor team, The Hart Group, has joined the firm, managing approximately $1.3 billion in client assets for high-net-worth individuals and families. The team specializes in the Athletes and Entertainers segment, aiming to provide comprehensive financial planning to meet the needs of high net worth clients. The team's leader, James Hart, brings over 30 years of wealth management experience to UBS, focusing on assisting individuals, families, athletes, and business owners with their financial goals. The team's addition is expected to help UBS expand its capabilities and meet growing demand from the Athletes & Entertainers client segment.
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UBS Wealth Management USA's The Stephens Group led by Jason E. Stephens and Michael Lundon has been named to the Forbes Best-In-State Wealth Management Teams list for 2024, ranking No. 9 in Florida. This recognition adds to their previous industry awards, highlighting their expertise in serving high-net-worth clients with customized financial solutions.
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UBS Wealth Management USA's Highbridge Wealth Management team in Plano, Texas has been recognized on the Forbes Best-In-State Wealth Management Teams list for 2024. Led by Financial Advisors Mark Kever, Mark Hagan, Shawn Nicholas, Megan Portacci, and Byron Brooks, the team has been commended for their commitment to providing clients with best-in-class service and advice, as well as their deep knowledge and expertise in guiding generations of families, executives, and entrepreneurs through complex wealth challenges. The Forbes/SHOOK Best-In-State Wealth Management Teams list features over 4,100 teams with cumulative assets of $5.1 trillion, with the Highbridge Wealth Management team at UBS being recognized for their outstanding industry achievement.
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UBS announces the appointment of Aleksandar Ivanovic as President Asset Management and Beatriz Martin Jimenez as GEB Lead for Sustainability and Impact, following the retirement of Suni Harford. Ivanovic has played a key role in developing UBS's Asset Management strategy, while Jimenez has held various key roles at UBS and will now lead sustainability and impact efforts. Harford, who led the integration of Credit Suisse's asset management activities, will retire after significant contributions to UBS's success.
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UBS Wealth Management USA's Endurance Artist Management team in Los Angeles has been named to the Forbes Best-In-State Wealth Management Teams list for 2024, marking the second consecutive year they have achieved this recognition. Led by Private Wealth Advisor David Schachter and Financial Advisors Dane Abbott and Tony De La Rosa, the team serves entrepreneurs, entertainment clients, business owners, founders, and venture-backed growth companies. The team also includes Wealth Strategy Associate Peter Repar and Client Associate Alexander Chumas. The Forbes/SHOOK Best-In-State Wealth Management Teams list features more than 4,100 teams with cumulative assets of $5.1 trillion, and the ranking is based on quantitative and qualitative criteria, including interviews.
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UBS Private Wealth Management has added an eight-person financial advisor team, Hammond Fay Bush & Associates, with approximately $1.6 billion in client assets. The team, led by Jack Hammond, Susan Bush, and Brian Fay, will enhance UBS's ultra-high net worth client offering in Northbrook, Illinois. The addition reflects UBS's focus on recruiting and retaining talented financial advisors to deliver the full power of UBS to their clients.
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UBS Wealth Management USA announced that Financial Advisors Joseph J. Guarneri, Steven Kabot, Stefani Bollag, Daniel Russo, and Conor Heine, along with their team GKB & Associates, managing nearly $2 billion in client assets, will be joining the firm in New York City.
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UBS Group AG (NYSE:UBS) (SWX:UBSN) nominates Gail Kelly for election to the Board of Directors at the upcoming Annual General Meeting and announces that Dieter Wemmer will not stand for re-election after eight years of Board membership. Gail Kelly is a recognized leader in the financial services sector with over 35 years of executive banking career, and UBS Chairman Colm Kelleher expressed great pleasure in her nomination. Dieter Wemmer, the longest serving Board member, has decided to step down, and UBS Chairman Colm Kelleher thanked him for his invaluable collaboration and distinguished service to the firm.
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FAQ
What is the current stock price of UBS Group (UBS)?
The current stock price of UBS Group (UBS) is $29.78 as of December 20, 2024.
What is the market cap of UBS Group (UBS)?
The market cap of UBS Group (UBS) is approximately 95.3B.
What is UBS Group AG?
UBS Group AG is a multinational investment bank and financial services company based in Switzerland, known as the world's largest private bank.
What are the core businesses of UBS?
UBS's core businesses include global wealth management, retail and commercial banking in Switzerland, and investment bank and asset management services.
Where is UBS Group AG headquartered?
UBS Group AG is co-headquartered in Zürich and Basel, Switzerland.
What recent investments has UBS made?
UBS Next, the group's venture and innovation unit, recently invested in Synthesized Ltd, a data generation and provisioning platform.
How much in assets does UBS manage?
As of the fourth quarter of 2023, UBS manages USD 5.7 trillion in invested assets.
On which stock exchanges are UBS shares listed?
UBS shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
What is UBS's approach to wealth management?
UBS focuses on high and ultra-high-net-worth individuals, offering personalized advice, solutions, and products to meet their financial goals.
How does UBS support third-party clients?
UBS provides comprehensive investment banking and asset management services to third-party clients, leveraging its wealth management expertise.
What is UBS Next?
UBS Next is the group's venture and innovation unit, investing in innovative technologies and companies to enhance UBS's service offerings.
What is the significance of UBS's investment in Synthesized Ltd?
The investment in Synthesized Ltd aims to improve data management and security through advanced machine learning and automation, benefitting various industries.
UBS Group AG
NYSE:UBS
UBS Rankings
UBS Stock Data
95.35B
3.18B
0.05%
55.72%
0.24%
Banks - Diversified
Financial Services
United States of America
Zurich