UBS: special focus
Euromoney's recent coverage of the Swiss bank.
Diversify or specialize: that has been the question for all the big global corporate and investment banks since the financial crisis of 2008 – we delve into the data to see who did what.
The former UBS private banking chief leaves an impressive legacy across the wealth management industry.
Taking the top job at UBS is a great move for ING chief Ralph Hamers, but it’s less obvious for UBS.
Being the world’s leading wealth manager presents challenges in this market environment. UBS is coping relatively well.
An art installation shines a light on UBS.
UBS’s country head refuses to comment on whether Banco do Brasil has been given a ‘call option on the bank’s Brazilian IB business’.
It's that time of year again, when we round up what senior management said about your business line in their quarterly earnings calls.
European banks don’t have a continental market, right? Wrong. Even if they cannot do full-blown mergers, the cross-border consolidation of specific business lines offers a way of gaining some of the economies of scale that US and Chinese banks enjoy.
Iqbal Khan replaces Martin Blessing as UBS co-CEO of Global WM; costs still plague both firms.
Didn’t have time to go through your investment banking rivals’ results announcements? Don’t worry, we’ve done it for you, business by business.
Awards for Excellence 2019
The scourge of short termism.
A UBS economist made an innocuous comment about swine flu in China, and five days later a belief among Chinese speakers that he used a racist term has led to him being suspended, UBS apologizing and it disappearing from a key Chinese bond mandate. Now what?
After years of investigation, the Hong Kong SFC has come up with its verdict against UBS and three other banks for errant past IPOs. The fines are inconsequential; the disclosure of embarrassing due diligence lapses more significant.
Little confidence profit warning relates to one-off; cost cuts not enough to compensate.
Banks hold a lot of art, but how can they justify owning valuable collections, which have no practical use, when their previous extravagances have left their stakeholders in such pain? Euromoney looks at some of the biggest troves and asks what banks are doing to lift the veil on these collections.
The last 20 years of private banking have been all about building scale, international growth and professionalization; the top wealth managers are still getting bigger and are confident they have the right model – but as they struggle to maintain quality of service under pressure on revenues, new specialists are emerging.
Mark Branson, chief executive officer of Swiss financial regulator Finma, talks to Euromoney about how tax transparency has changed the trajectory of private banking and how far regulation can go in curtailing misconduct.
Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients.
The bank is delivering a strategy for the post-crisis world. So why aren’t investors giving it more credit?
Spanish-based group will struggle to overcome fall-out of recruitment U-turn, while Orcel’s situation raises broader questions for banks’ hiring and compensation strategies.
Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling. Can banks build their own versions of the low-cost US fund management firms – or are these few remaining crown jewels heading the same way as their investment banks?
While negative rates fundamentally undermine its domestic lenders, the Alpine nation’s enthusiasm for cryptocurrencies also coincides problematically with threats to its private banks.
UBS’s path to China JV control raises questions for others.
Jon Macaskill profiles the two new co-heads of investment banking at UBS.
A new CEO at the Spanish group was not expected, and neither was the name of the appointee. What will Andrea Orcel bring, and why did chairman Ana Botín turn to him?
CIO, UBS Global Wealth Management.
Investment banks in 2Q18 August 2018
A strong quarter for UBS contained a few of the usual curiosities in the investment bank.
Awards for Excellence 2018
The bank has integrated its North America and global operations to bring more focus – and better results.
Which banks are doing the most to impress and attract their future employees? A potential young recruit gives her opinion.
FX Survey 2018: Overall results May 2018
Overall market share: UBS moves up to second place.
Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.
Competitors have been quick to delight in the travails of UBS’s Asian investment bank, notably its decline in the league tables and a revolving door at senior management level. A ban imposed by Hong Kong’s regulator is the latest stick with which to beat the Swiss bank. But UBS’s regional leadership remains bullish – not least thanks to the power of its private bank.
Euromoney’s Private Banking and Wealth Management Survey 2018
Press release: UBS Wealth Management voted best global private bank; private banks more bullish on revenues; hiring to increase
Australia: Best international bank
Earnings were positive in 2017, but it's a shame about the share price.
Jürg Zeltner inspired UBS to regain its position as the world’s best private bank, and his departure has shocked many in the industry – what will he do next?
Banks’ third-quarter results show fixed income trading still depressed and CIB revenues mostly down, but UBS is looking remarkably perky, especially in equity capital markets. What’s up?
A focus on clients with a strong connection to Switzerland allows the bank to forge particularly close relationships and deliver a quality service.
UBS Americas head says cost of hiring too expensive; fees and salaries based around AuM rather than product.
Awards for Excellence 2017
Swiss bank buys Brazil’s biggest multi-family office; wealth management industry continues to grow fast despite economic turbulence.
Cost of equity (COE) dips under return on equity (ROE) as outperformance forecast; long decline in ROE since 2007 seen to have ‘bottomed-out’.
Americas wealth management division partners with specialist investment fund to back tech companies with women at the helm.
On October 11, the Monetary Authority of Singapore threw Falcon Bank out of the country – the second bank to be closed down over 1MDB connections, after BSI in May. It fined DBS S$1 million ($720,000) and UBS S$1.3 million for breaches of anti-money laundering requirements and control lapses.
Hong Kong’s Securities and Futures Commission is investigating UBS for its handling of IPOs. Its licence could be at stake.
UBS moved into its new home at 5 Broadgate last month, the biggest building ever let in central London.
Awards for Excellence 2016
UBS oncology fund raises $471 million; banks turn to foundations to collaborate.
Star photographer Annie Leibovitz was in Singapore recently, promoting a new exhibition commissioned by UBS.
UBS’s wealth management chief used a crisis to reinvent the bank’s core business. Even competitors admit that he also took the whole industry in a better direction.
UBS CEO Sergio Ermotti may just have ‘Done a Diamond’ with his widely reported message to bankers at the firm that they should take more risk and not be afraid to make mistakes.
Print Order Back to winners table UBS has made important contributions to the development of impact investing over the last 12 months – one of the reasons for the bank’s Achievement in CSR award.
Jürg Zeltner, chief executive at UBS Wealth Management, talks to Euromoney about the new challenges in investment management and asset allocation facing the private-banking industry.
Mark Haefele, global chief investment officer at UBS Wealth Management, says his firm is looking to the US for this year's returns.
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.
The clear definition of a radical strategy distinguishes the Swiss bank from most of its peers. The successful execution of that strategy makes it Euromoney’s Bank of the Year.
UBS announces that Alex Friedman, global chief investment officer, will be leaving the firm.
Asia and emerging markets provide the bulk of net new assets for UBS in the first quarter.
Change is afoot in the private-banking industry as UBS launches a ‘middle-way’ approach to charging clients fees for advice, Euromoney can reveal.
By cutting back its investment bank sharply, UBS chief executive Sergio Ermotti has laid down a challenge to competitors. It now seems that the private bankers wielding power at the top of UBS want to keep fair chunks of the investment bank. Has Ermotti found the keys to a resurgent UBS?
In its home market, UBS has aroused plenty of popular antipathy as an embarrassment to the country for its frequent stumbles in the past five years. But as a business, it is doing reasonably well.
February 5, 2013
Investors and regulators will like its latest plan to pay part of bankers’ compensation in a new form of contingent convertible.
Creates challenge to other banks; Capital-lite bank suited to low growth.
For some reason, the phrase “Denial is not a river in Egypt” resounds in my mind.
The trading scandal raises further questions about the validity of UBS’s investment bank and whether an integrated model works for the Swiss group. Experts say they should concentrate on wealth management.