UBS Group AG

Paineebber was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000.

PaineWebber

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, Non-Core and Legacy, and Group Items. The Global Wealth Management segment involves the provision of advice and solutions and offers investment management, estate planning and corporate finance, banking products and services. The Personal and Corporate segment focuses on offering retirement, financing, investments and strategic transactions through its branch network and digital channels. The Asset Management segment consists of capabilities and styles, and advisory support. The Investment Bank segment includes research, advisory services, facilitating clients raising debt and equity from the public, private, and capital markets, cash and derivatives trading. The Non-Core and Legacy segment refers to assets and liabilities prior to the acquisition. The Group Items segment consists of Technology, Corporate Services, Human Resources, Finance, Legal, Risk Control, Compliance, Regulatory and Governance, Communications and Branding, Group Sustainability and Impact, Chief Strategy Office, and Group Treasury. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.

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WASHINGTON--(BUSINESS WIRE)--UBS today announced that a four-person advisor team, The Charles Drew Group, has joined the firm in Washington, D.C. The team, which manages $460 million in client assets, is led by Managing Director and Financial Advisor Charles Drew, and also includes Financial Advisors Bennett Kavlick, Matthew Tomczuk and Client Service Associate Justin Hatch. The team will be based at the firm's Washington, D.C. office at 1501 K Street NW, which is part of UBS's Philadelphia D.C.

UBS Hires Advisor Team of Four in Washington, D.C.

Jefferies Financial Group Inc

Italy's Treasury said on Friday it had picked UBS , Jefferies and Clifford Chance as financial and legal advisers for the privatisation of bailed-out bank Monte dei Paschi di Siena (MPS).

Italy picks UBS, Jefferies, Clifford Chance for MPS privatisation

NEW YORK--(BUSINESS WIRE)--UBS today announced that Patrick K. McBrien has joined the firm as a Managing Director and Private Wealth Advisor in New York City. He is joined by Senior Wealth Strategy Associate William Hand and Senior Client Associate Avery Melville. They join the UBS Manhattan Market, led by Chris DiMuria, and will be based in the New York Private Wealth Management office located at 299 Park Ave, managed by Chris Amo and Bob Sorrentino. “On behalf of UBS, we're pleased to welcome.

Patrick K. McBrien joins UBS Private Wealth Management in New York City

UBS on Friday said it will overhaul the board of its domestic Swiss business following its takeover of Credit Suisse.

UBS overhauls board of domestic business after Credit Suisse takeover

A Russian appeals court has imposed interim measures against Credit Suisse and ruled that funds totalling $20.9 million held by the Swiss bank in Russia may be seized, court filings published on Thursday showed.

Russian court rules that $20.9 mln in Credit Suisse assets may be seized

BELLEVUE, Wash.--(BUSINESS WIRE)--UBS Private Wealth Management announced today that Mandy Ho has joined the firm in Bellevue, WA. She joins The Matthews Group at UBS, a 19-person, highly experienced team with a practice based on serving clients with dedication and excellence, as a Relationship Manager. In her new role, Mandy will work closely with ultra-high net worth clients in managing their investments and providing strategic planning advice. “We're thrilled to welcome Mandy to UBS,” said T.

Mandy Ho Joins UBS Private Wealth Management in Bellevue, WA

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Financial Advisors Timothy McNutt and Narayan Pallavur have joined the firm's Westlake Village, California office. Combined, the two advisors manage over $420 million in client assets for high-net-worth individuals, business owners and multi-generational families. “We are thrilled to welcome Timothy and Narayan to UBS. Their experience and commitment to clients make them great additions to our team,” said.

Timothy McNutt and Narayan Pallavur Join UBS Wealth Management in Westlake Village, California

TAMPA, Fla. , Oct. 16, 2023 /PRNewswire/ -- UBS Wealth Management USA announced today that 12 of the firm's Florida-based financial advisors have been named to the Forbes Top Next-Gen Wealth Advisors Best-In-State list for 2023.

Twelve UBS advisors in Florida named to Forbes Top Next-Gen Wealth Advisors Best-In-State list

UBS said it now expects the S&P 500 to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due to expectations of higher-for-longer U.S. interest rates.

UBS pushes out S&P 500 mid-2024 target forecast to year-end

UBS has told its employees to stop business travel within the Middle East, in light of a deepening conflict between Israel and Hamas, a source told Reuters on Wednesday.

UBS halts Middle East travel for staff

NEW YORK--(BUSINESS WIRE)--UBS Wealth Management USA today announced that two Financial Advisors, Morris and Irving Betesh, The Betesh Group, have joined the firm in New York City. Together, the team has more than 80 years of professional investment experience and manages $780 million in client assets for high-net-worth families, senior executives and private business owners. “We continue to focus on recruiting and retaining the most talented financial advisors in the industry,” said Kellie Bra.

Advisor team The Betesh Group joins UBS in New York City

Swiss private bank Julius Baer announced an overhaul of its executive board on Monday, with executives from UBS among the new appointments.

Swiss bank Julius Baer overhauls management with UBS, internal appointments

INDIANAPOLIS--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Matt Burton has joined the firm as a Managing Director and Financial Advisor. Matt brings 22 years of experience working with high-net-worth individuals and families, fostering long-lasting client relationships across more than 20 states. “On behalf of UBS, we're excited to welcome Matt to the firm,” said Jon Ramey, Ohio Indy Michigan Market Executive at UBS Wealth Management USA. “His industry experience and dedicati.

Matt Burton joins UBS Wealth Management in Indianapolis

PHILADELPHIA--(BUSINESS WIRE)--UBS today announced that two Private Wealth Advisor teams will join the firm in Philadelphia. One team is led by Private Wealth Advisor Charles Lynch and the other team is led by Private Wealth Advisors Elijah Dornstreich and Ryan DePaul. At the conclusion of their respective notice periods, Charles, Elijah and Ryan, who collectively manage roughly $1.7 billion in assets, will join the Philadelphia D.C. market, managed by Market Executive Julie Fox, and will be lo.

UBS hires Private Wealth Advisors in Philadelphia

UBS is trying to attract customers with above-market rates on deposits, according to people familiar with the bank's activities, as it seeks to boost inflows after taking over stricken peer Credit Suisse.

UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources

A Swiss court is weighing whether to grant Credit Suisse investors access to more documents on a 16 billion Swiss-franc ($17.6 billion) writedown of the bank's bonds, a move the lender has opposed, filings seen by Reuters show.

Swiss court weighs greater disclosure in Credit Suisse bond suit -filings

(Kitco News) - UBS Asset Management has announced the launch of its first live pilot testing for a tokenized Variable Capital Company (VCC) fund.

UBS asset management tests fund tokenization on Ethereum blockchain

Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS said on Sunday, drawing a line under a damaging dispute it inherited.

Credit Suisse, Mozambique reach out-of-court 'tuna bond' settlement

Swiss multinational investment bank UBS says it is not aware of a probe by the US Department of Justice into suspected compliance-related missteps by its subsidiary Credit Suisse that reportedly allowed Russian clients to skirt sanctions.

UBS says reports of DOJ probe into Russia sanctions evasion are wrong

UBS on Saturday said it is "not aware" of a probe by the U.S. Department of Justice into alleged sanctions-related compliance failures, following a media report earlier this week.

UBS says 'not aware' of DOJ probe into sanctions-related compliance failures

Since UBS Group (UBS) already controls a securities venture in China and can't have two licenses in the same business, the sale of the brokerage venture of Credit Suisse in China is apt.

UBS Group (UBS) Eyes Credit Suisse China Brokerage Unit Sale

Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassification of loans linked to its non core and legacy businesses, the bank, which is now part of UBS , said on Friday.

Credit Suisse expects Q3 loss of $1.6bn from reclassifying loans

UBS is close to settling a claim brought by Mozambique against Credit Suisse, resolving one of the legal headaches it inherited through the takeover of its Swiss banking rival.

UBS Poised to Settle Mozambique's 'Tuna Bonds' Lawsuit Against Credit Suisse

Higher interest rates have deflated real-estate bubbles across the world, according to UBS. Central banks have aggressively hiked borrowing costs over the past 18 months to combat inflation.

Real-estate bubble risks are dwindling across the world with higher interest rates taking froth out the market, UBS says

UBS had trading briefly halted in the US as shares in the bank tumbled following a Justice Department probe into Russian clients avoiding sanctions. A full-scale investigation is now underway into what was going on at its newly-acquired subsidiary Credit Suisse, according to Bloomberg and if there were any significant compliance failures.

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