In late 2016, UBS established a blockchain technology research lab in London to advance its cyber security and encryption of client activities. In June 2017, its return on invested capital was 11.1%, followed by Goldman Sachs' 9.35%, and JPMorgan Chase's 9.456%. It has over CHF 3.2 trillion in assets under management (AUM), approximately CHF 2.8 trillion of which are invested assets. It is one of the eight global " Bulge Bracket" banks. UBS operations in Switzerland and the United States were respectively ranked first and second on the 2018 Financial Secrecy Index.Īs of May 2022, UBS is the fifth largest bank in Europe with total assets worth over €1.5 trillion. Partly due to its banking secrecy, it has been at the centre of numerous tax avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian authorities. The bank also maintains numerous underground bank vaults, bunkers, and storage facilities for gold bars around the Swiss Alps and internationally. Despite its trimming of sell-side operations, UBS maintains a global investment bank and is considered a primary market maker. UBS manages the largest amount of private wealth in the world, counting approximately half of the world's billionaires among its clients. Because of the bank's large positions in the Americas, EMEA, and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank.Īpart from private banking, UBS provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients with international service. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. UBS Institutional Reporting as of: end of 2022
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |