Euromoney’s Awards for Excellence cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world. The full results are available here and are accessible by subscribers.
Less than three years ago UBS was written off as one of the ultimate victims of the financial crisis. The bold decisions taken then by a new chief executive and his management team make it today a bank that others seek to emulate. Sergio Ermotti pinned UBS’s future to the core of its leading global wealth management business. Now the business is starting to look more than the sum of its parts.
A battle-tested management team has held on through the turbulent years following Bank of America’s rescue of Merrill Lynch. Under Tom Montag, the firm quietly rebuilt an M&A capability that is thriving as that business roars back, supported by the bank’s strength in providing finance. As other banks shrink, BofA Merrill still harbours ambitions at home and abroad to be all things to most people