UBS has a history of 125 years. It was formed by the merger of UBS (founded in 1872) and UBS (founded in 1960).
UBS is one of the top ten banks in the world and the largest asset management company in the world. It is a top investment bank and securities distributor, serving more than 4 million Swiss customers. UBS's core business includes asset management, investment banking, securities, investment research and analysis, retail and commercial banking. 1999, the total assets managed by the company reached1064 billion USD. In fiscal year 2000 (2000/ 12), the turnover was 49.498 billion US dollars, the net income was 482.8 billion US dollars, the total assets were 673.847 billion US dollars, and there were 7 1000 employees.
UBS has offices in 95 cities in more than 50 countries, including major financial centers such as Zurich, London, new york, Chicago, Singapore and Tokyo. In June 5438 +065438+2000 10, UBS acquired Paine Webber incorporated-ED T-ED with an annual bud industry of 7.8 billion dollars. The company is one of the top ten securities institutions in the United States, engaged in retail brokerage, investment banking, municipal bond underwriting, real estate, institutional stock and bond trading, asset management and other businesses.
Ubs warburg, a subsidiary of UBS Swiss Bank, has as many as 600 experts engaged in research and analysis in 30 countries around the world, mainly engaged in corporate financing, investment banking and other investment services.
Introduction-
At first, there were eight big banks in Switzerland. After many mergers and reorganizations, especially 1993 and 1997, there have been two heavyweight "elephant marriages" (credit banks and people's banks, joint banks and banking companies). Today, there are only two big banks in Switzerland, namely UBS Group AG and Credit Suisse Group. But for these two companies, their total assets and liabilities account for 62% of the entire Swiss banking industry, and the number of employees accounts for 52.7% of the total number of bank employees. They cover more than 40% of credit business and nearly 40% of real estate mortgage business in Switzerland, and Swiss inter-bank business is mainly undertaken by them. The main business departments of big banks also include asset management, stock trading, foreign exchange trading, precious metal trading, letter of credit, guarantee and financial derivatives trading. Their branches and kimono networks are all over the world. After the merger, UBS's total assets and total liabilities ranked fourth in the world. After merging with Fengtai Insurance Company, the second largest insurance company in Switzerland, Credit Suisse Group became one of the largest financial services groups in the world, ranking first in the field of asset management of private and public institutions. )