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UBS

🌎 ubs.com

UBS is a global financial services firm operating in over 50 markets, providing a wide range of services including wealth management, investment banking, asset management, and private banking. The company focuses on helping individuals, families, institutions, and corporations navigate important financial decisions and offers tailored investment solutions. UBS is recognized for its commitment to innovation and diversity within its workforce, and it recently expanded its operations with the acquisition of Credit Suisse.

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Updates as of Oct 03, 2024

• Elango Somasundaram has joined UBS as Managing Director & CTO - India from Wells Fargo, where he held the position of Application and Cloud Transformation - India & Philippines.
• UBS is a key player in funding Adaro Energy's $750M bond maturing on October 31, which is likely to be refinanced for coal project expansion.
• Leonardo Poblete accuses UBS of damaging his professional career and family, seeking justice through the Supreme Court of Justice of the Nation.
• On October 2, the Federal Criminal Court rejected UBS's requests to dismiss and suspend proceedings in the Bulgarian mafia money laundering trial.
• On October 1, 2024, UBS Asset Management completed the merger of Credit Suisse Fund Management S.A. into UBS Fund Management (Luxembourg) S.A., which has been renamed UBS Asset Management (Europe) S.A.

• UBS empowers female entrepreneurs with its fourth annual Female Founder Award.
• Surendra Jaiswal has joined UBS as a Director in Singapore, previously serving as Vice President at Credit Suisse.
• Aarona Chou has left UBS as Managing Director, Head of US Wealth Management Business Risk Management to join Citi as Managing Director, Global Head of Wealth Client Risk Assessment & Control Design in the United States.
• Suzi G. has joined UBS as Managing Director, Remediation Management Office in the United States, previously serving as US Lead - Strategic Regulatory Remediation Office at Credit Suisse.
• Jeff M. has joined UBS as Director Security Services in the United States, previously holding a position at another company.
• Peter Moerler has joined UBS as an Executive Director in Singapore, previously holding a position at another company.
• Pawan Khanna has joined UBS as a Director in Singapore, previously serving as a Vice President at Credit Suisse.
• Rob Angilletta has joined UBS as Executive Director - Americas Real Estate Portfolio Strategy & Management in the United States.
• Sridhar Kovalai Narasimhan has joined UBS as a Director in the Raleigh-Durham-Chapel Hill Area, previously serving as a Vice President at Credit Suisse.
• Divya Srinivasan has joined UBS as an Executive Director in the United States, previously serving as a Director at Credit Suisse.
• UBS, along with PostFinance and Sygnum, has launched a pilot project for the 'Deposit Token,' a digital Swiss franc stablecoin, under the supervision of the Swiss Bankers Association.
• UBS won the 2024 ICT Education & Training Award Switzerland for organizations with over 100 ICT employees.
• Jane Schwartzberg from UBS received the Hispanic Heritage Impact Award for Women of ALPFA-NY.
• A recent UBS report reveals that 57% of wealthy investors plan to vote for Kamala Harris, while 53% of business owners support Donald Trump, with the economy being the main election issue.
• UBS Global Wealth Management has reshuffled its Thailand market coverage after the departure of market head Boriboon Niyomsathien, who was with the bank for over six years.
• UBS won multiple Euromoney FX Awards on September 27, 2024, including best bank for FX spot, FX trading technology, and best FX single-dealer platform.
• A UBS Global Wealth Management report predicts AI revenue will reach $1.2 trillion by 2027, highlighting Nvidia, Amazon, and Datadog as key AI stocks being bought by billionaires.
• UBS's Americas IB fees market share dropped from 4.4% in 2020 to 1.6% in 2024, and its M&A fees market share fell from 4.2% to 2.2% in the same period.
• UBS Chief Economist Paul Donovan announced at the Global Real Estate Advisors' Middle Market Multifamily Forum that the U.S. economy is expected to experience low inflation and further interest rate cuts.

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