UBS Australia has been a leader in business and innovation for decades, with a strong presence in the country's financial sector. UBS Australia was established in 1973.
The bank has a long history of innovation, with a commitment to staying at the forefront of financial technology. UBS Australia has been at the forefront of digital transformation, with a focus on improving customer experience and streamlining processes.
UBS Australia has a strong track record of success, with a reputation for delivering high-quality financial services to its clients. The bank has a significant presence in the Australian market, with operations in multiple cities.
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Business Operations
UBS has a significant presence in the Americas, with about 30% of its employees working in the region, and its American headquarters for investment banking located in New York City.
The company's global business groups are divided into four main divisions: Global Wealth Management, Personal & Corporate Bank, Asset Management, and Investment Bank.
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UBS is a joint-stock company listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE), with a market capitalization of $45.907 billion as of 2018.
The bank has offices in 50 countries, with a significant presence in Switzerland, where it is the leading provider of retail banking and commercial banking services, as established in 2009.
Here's a breakdown of UBS's corporate structure as of June 2018:
Corporate Structure
UBS is a joint-stock company, listed on the SIX Swiss Exchange and the New York Stock Exchange. It's a global entity with a presence in 50 countries, employing around 73,000 people.
The bank's major presence is in the United States, with its American headquarters for investment banking located in New York City and private wealth management advisory in Weehawken, New Jersey. They also have sales & trading and private wealth management offices in Stamford, Connecticut.
UBS's global business groups are divided into four main divisions: Global Wealth Management, Personal & Corporate Bank, Asset Management, and Investment Bank. These divisions operate across various regions, including the Americas, Asia Pacific, Europe, Middle East and Africa, and Switzerland.
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The bank's largest institutional shareholders include Chase Nominees Ltd., DTC (Cede & Co.), and Nortrust Nominees Ltd. As of June 2018, the geographical distribution of shareholders shows that the Americas, Asia Pacific, Europe, Middle East and Africa, and Switzerland hold 2.5%, 2.4%, 5.7%, 21.4%, and 89.5% of the shares, respectively.
The total number of registered shares is 2,183,300,849, while the total number of unregistered shares is 1,671,288,703. The total number of shares is 3,854,589,522.
Here is a breakdown of the number of shareholders and shares held by each region:
Private Banking and Market Reemergence: 2010–2022
Private banking experienced a significant reemergence in the 2010s, driven by the growing wealth of high-net-worth individuals.
The global private banking market saw a 12% increase in assets under management between 2010 and 2015, reaching $13.8 trillion.
This growth was fueled by increased demand for wealth management services, particularly in Asia.
The number of ultra-high net worth individuals (UHNWIs) in Asia grew from 3,500 in 2010 to 5,500 in 2015.
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By 2020, the global private banking market had expanded to $26.4 trillion in assets under management.
Private banks continued to invest heavily in digital technologies to improve client experiences and streamline operations.
The use of robo-advisors and mobile banking apps became increasingly popular among private banking clients.
By 2022, over 70% of private banks had implemented digital transformation initiatives to improve operational efficiency.
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Frequently Asked Questions
What does the UBS stand for?
UBS is no longer considered an acronym, but its name originated from the Union Bank of Switzerland. The company's name has evolved over time, but its rich history remains an interesting story.
What is the legal name of UBS Australia?
UBS Australia is represented by two entities: UBS AG and UBS Securities Australia Limited, both holding Australian Financial Services Licences. UBS AG is known by its ABN 47 088 129 613, while UBS Securities Australia Limited is known by its ABN 62 008 586 481.
What are the top investment banks in Australia?
The top investment banks in Australia include Goldman Sachs, JP Morgan, Morgan Stanley, Citi, and Bank of America, with UBS often ranking #1 or in the top 3-5 by advisory fees. These banks consistently dominate the Australian league tables.
Is UBS the largest private bank in the world?
Yes, as of 2023, UBS Group AG holds the title of the world's largest private bank in terms of assets under management. UBS Group AG's impressive AUM sets it apart from other private banks globally.
Sources
- https://www.risk.net/awards/7959946/derivatives-house-of-the-year-australia-ubs
- https://en.wikipedia.org/wiki/UBS
- https://www.afr.com/company/ubs-group-ag-1mva
- https://www.investordaily.com.au/markets/53145-ubs-eyes-return-to-wealth-management-in-australia
- https://www.finews.asia/finance/39798-ubs-credit-suisse-sydney-gateway-circular-quay-deutsche-bank-jp-morgan-down-under
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