Awards for Excellence
UBS
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Also shortlisted in this category:
Citi
Credit Suisse
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UBS is already the world’s leading wealth manager; now it can claim to be the best investment bank, at least in the emerging markets. Last year, the Swiss bank stole a march on its rivals with high-profile moves in Brazil and China. In Brazil, it paid up to $2.6 billion to buy local brokerage house and asset manager Banco Pactual. This could help UBS become the dominant force in Brazilian investment banking, and, in the year since the agreement was announced, it appears to have reaped rich rewards.
In China, the bank spent $210 million for a 20% stake in Beijing Securities, although it has the option to increase its share.
