UBS

UBS is a Zurich-based financial services and management company. It works in multiple sectors of the finance industry, including wealth management, investment banking, securities, and asset management. The company has developed several subsidiaries since its inception in 1862, including its UBS Wealth Management Division and its investment arm, UBS Next.

UBS's operational structure consists of four business divisions, as well as its group functions. The four divisions are Global Wealth Management, Personal and Corporate Banking, Asset Management, and Investment Banking.

This division of UBS is designed for global affluent families and individuals to aid them in processes such as wealth planning, investment management, capital markets, banking, lending, and financial advice.

This division is for institutional and corporate clients located in Switzerland. The Personal and Corporate Banking division employs the universal bank delivery model of UBS, which utilizes networking features, such as referring clients and growing the wealth of its clients in this division so they can eventually be transferred to the Wealth Management division.

The Asset Management division of USB is available to clients in twenty-two countries, and its clients consist of institutions, wholesale intermediaries, and wealth management clients. Its offerings include management of asset capabilities and investment styles as well as platform solutions and advisory support.

This division is intended to be utilized at the international level for clients in sectors such as corporate, institutional, and wealth management. Some services that are offered through the Investment Bank division include advisory services and access to equities and foreign exchanges.

The Group Functions consist of Services, Group Asset and Liability Management (Group ALM), and Non-core and Legacy Portfolio. Services offered by Group Functions include those in the finance and risk control sectors. Businesses can also use Group Functions to aid in areas such as logistics and information technology.

In March 2023, it was announced that UBS had plans to acquire Credit Suisse. There had been a bank run on Credit Suisse in the days leading up to the announcement when customers pulled more than $75 billion from their deposits. The bank had been reporting billions in losses in the years leading up to the sale.

The Swiss government stepped in to facilitate the sale of Credit Suisse to UBS. In June 2023, the sale was completed with UBS buying Credit Suisse for approximately $3.25 billion.