UBS`s Global Asset Management Consulting provides wealthy individuals around the world with a number of advisory, investment and service products. [28] At the end of 2016, UBS Wealth Management`s assets stood at CHF 977 billion. [29] Total assets under management (AUM) amounted to $1,737.5 billion in 2015, a 1% decrease in the AUM compared to the corresponding 2014 data. [30] Starting in 2018, UBS manages the world`s largest private asset, accounting for about half of the world`s billionaires. [nb 4] More than 60% of the assets invested in UBS Wealth Management are owned by individuals with net assets of CHF 10 million or more. Of the remaining 40% of total fixed assets, 30% of the sum belongs to individuals with net worth between CHF 1 million. and CHF 10 million and the 10% of the total balance sheet of individuals with net assets of less than CHF 1 million [28] UBS provides brokerage services and products as well as asset management and other investment advisory and portfolio management services [33] [34] In addition, UBS offers a wide range of brokerage and savings products. supported by the company`s operations and research activities, as well as execution and clearing services for individual investor transactions. The business is still divided geographically and with distinct activities focused on the United States and other international markets. [21] [35] Two-thirds of the assets invested come from Europe and Switzerland, the last third coming mainly from the Asia-Pacific region.
In 2018, UBS has cloned Daniel Kalt, one of its chief economists, into digital. Artificial intelligence expert FaceMe has been tasked with creating an interactive avatar of Kalt that can meet customers on the TV screen. Customers can ask questions and get answers that are made possible by IBM`s Watson AI technology. [241] [242] In other words, when it comes to customers, consultants are meat, and companies are potatoes. UBS Global Wealth Management Advisory Operations in Usa consists of U.S. and Canadian asset management operations as well as U.S.-only international transactions[37] UBS Wealth Management in the United States is a source of activity for former brokerage Company Paine Webber. The company was renamed UBS Paine Webber in March 2001, after being acquired by UBS. The industry offers a fully integrated set of asset management consulting solutions for clients and high net worth clients with extremely high assets.
[38] UBS was named “Best Bank for Wealth Management in North America” at the 2017 Euromoney Awards for Excellence. [39] UBS Investment Bank provides securities, other financial and research products in equities, interest rates, loans, currencies, precious metals and derivatives. [58] At the end of December 2018, UBS Investment Bank employed a total of 5,205 people in 33 countries (headquartered in Chicago, Frankfurt, Hong Kong, London, New York, Shanghai, Singapore, Tokyo and Zurich). [44] [20] This division also provides advice to corporate clients and institutions, governments, financial intermediaries, alternative asset managers and private investors who have access to capital markets. [36] Prior to the merger of union Bank of Switzerland and Schweizerische Bank (SBC), UBS investment bank was known as UBS Warburg and Warburg Dillon Read. Within the UBS Investment Bank division, the Investment Banking (IBD) department offers a number of advisory and insurance services, including mergers and acquisitions, restructurings, equity offerings, investment and high-risk debt debt, debt financing and debt structure, as well as private equity investment debt and derivatives. In February 2017, UBS Group AG and Northern Trust Corporation, a U.S. international financial services company, announced an agreement to acquire UBS Asset Management`s fund management service units in Luxembourg and Switzerland.
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