What is UBS business model?
UBS Group AG (UBS), incorporated on June 10, 2014, is a holding company. The company provides a range of Financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland.
Who is bigger Credit Suisse or UBS?
UBS is one of the largest-wealth managers in the world and manages the largest amount of private wealth in the world. As of 2018, UBS’s client assets of $2.3 trillion was roughly 50% more than that of Credit Suisse’s $1.5 trillion.
What are the four business divisions of UBS?
The operational structure of the Group comprises the Group Functions and four business divisions: Global Wealth Management. Personal & Corporate Banking. Asset Management. Investment Bank. UBS’s financial statements provide segment reporting by its business divisions and Group Functions.
What does material relationship mean for UBS Bank?
1 “Material relationship” meaning: UBS accounting for more than 2% of the sales or purchases of products and/or services for him or her or for a company with which he or she is affiliated. Banking relationships in the ordinary course of business – wealth and asset management, private mortgages etc. – do not qualify as “material relationship”.
Who is the supreme corporate body of UBS?
The general meeting of shareholders is the supreme corporate body of UBS. All shareholders registered with voting rights are invited to general meetings of shareholders.
How many people are in the UBS Group internal audit?
Group Internal Audit (GIA) performs the internal auditing role for the Group. It is an independent function that provides expertise and insights to confirm controls are functioning well and highlight where UBS needs to better manage current and emerging risks. In 2020, it operated with an average headcount of 582 full-time equivalent employees.