UBS

UBS Group AG (stylized simply as UBS) is a Swiss multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the largest Swiss banking institution and the world's largest private bank. UBS manages the largest amount of private wealth in the world, counting approximately half of The World's Billionaires among its clients, with over US$7 trillion in assets as of December 2025 (AUM). Based on international deal flow and political influence, the firm is considered one of the "biggest, most powerful financial institutions in the world". UBS is also a leading market maker and one of the eight global 'bulge bracket' investment banks. Due to its large presence across the Americas, EMEA and Asia–Pacific markets, the Financial Stability Board considers it a global systemically important bank and UBS is widely considered to be the largest and most sophisticated "truly global investment bank" in the world, given its market-leading positions in every major financial centre globally. UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy.…

UBS Group AG (stylized simply as UBS) is a Swiss multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the largest Swiss banking institution and the world's largest private bank. UBS manages the largest amount of private wealth in the world, counting approximately half of The World's Billionaires among its clients, with over US$7 trillion in assets as of December 2025 (AUM). Based on international deal flow and political influence, the firm is considered one of the "biggest, most powerful financial institutions in the world". UBS is also a leading market maker and one of the eight global 'bulge bracket' investment banks. Due to its large presence across the Americas, EMEA and Asia–Pacific markets, the Financial Stability Board considers it a global systemically important bank and UBS is widely considered to be the largest and most sophisticated "truly global investment bank" in the world, given its market-leading positions in every major financial centre globally. UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy. Apart from private banking, UBS provides wealth management, asset management and investment banking services for private, corporate and institutional clients with international service. The bank also maintains numerous underground bank vaults, bunkers and storage facilities for gold bars around the Swiss Alps and internationally. UBS acquired rival Credit Suisse in an emergency rescue deal brokered by the Swiss government and its Central bank in 2023, following which UBS' AUM increased to over $5 trillion along with an increased balanced sheet of $1.6 trillion. In June 2017, its return on invested capital was 11.1%, followed by Goldman Sachs' 9.35%, and JPMorgan Chase's 9.456%. The company's capital strength, security protocols, and reputation for discretion have yielded a substantial market share in banking and a high level of brand loyalty. Alternatively, it receives routine criticism for facilitating tax noncompliance and off-shore financing. Partly due to its banking secrecy, it has also been at the centre of numerous tax avoidance investigations undertaken by U.S., French, German, Israeli and Belgian authorities. UBS operations in Switzerland and the United States were respectively ranked first and second on the 2018 Financial Secrecy Index. UBS is a primary dealer and Forex counterparty of the U.S. Federal Reserve. ==Corporate structure== UBS is a joint-stock company ( ), pursuant to Swiss laws. Its shares are listed at the SIX Swiss Exchange and the New York Stock Exchange (NYSE). As of December 2020, UBS is present in all major financial centres worldwide, such as New York, London, Zürich, Berlin, Sydney, and Singapore. UBS has offices in 50 countries, with about 30% of its approximately 73,000 employees¹ working in the Americas, 30% in Switzerland, 19% in Europe (excluding Switzerland), the Middle East and Africa and 21% in the Asia Pacific region. The bank has a major presence in the United States. Its American headquarters for investment banking are located in New York City, and for private wealth management advisory in Weehawken, New Jersey. They have sales & trading, along with private wealth management offices in Stamford, Connecticut. The company's global business groups provide services that entail: global wealth management, investment banking, asset management and personal & corporate banking. UBS is the leading provider of retail banking and commercial banking services in Switzerland, and they have been on top of the Swiss market since in 2009. Looking holistically, UBS' overall invested assets is $3.101 billion, shareholders' equity is $52.928 billion and market capitalization is $45.907 billion at the end of the year 2018. In November 2014, the shares in UBS Group AG were listed and started trading as a new holding company at the New York Stock Exchange (NYSE) and the SIX Swiss Exchange. Upon application and with effect as of 14 January 2015, the shares of UBS AG, a subsidiary of the UBS Group AG, were delisted from the NYSE. As of September 2019, the largest institutional shareholders are: in New York City]] As of 31 December 2024, the geographical distribution of the shareholders presents itself as follows: As of June 2018, UBS's corporate structure includes four divisions in total, namely: Global Wealth Management Personal & Corporate Bank Asset Management Investment Bank Starting on 9 June 2003, all UBS business groups, including UBS Paine Webber and UBS Warburg, were rebranded under the UBS moniker following company's start of operations as a unified global entity. ===Personal and Corporate Banking=== UBS's Personal & Corporate Banking division delivers financial products and services to retail, corporate and institutional clients in Switzerland. It also provides stable and substantial profits for the Group and revenue opportunities for businesses within the bank. UBS maintains a leading position in the retail and corporate loan market in Switzerland; in fact, it serves one in three pension funds, more than 85% of the 1,000 largest Swiss corporations and 85% of banks that resides within the nation. In 2015, 2017 and 2018, the international financial magazine Euromoney named UBS "Best Domestic Cash Manager Switzerland". As of 31 December 2018, its lending portfolio reached US$131 billion (~$ in ). The products that this UBS division offers range from cash accounts, payments, savings and retirement plans to investment fund products, residential mortgages and advisory services. This business division constitutes a central building block of UBS's universal bank delivery model in Switzerland and it supports other divisions, such as Investment Bank, by referring clients to them and by assisting them to build their wealth to a level at which they can be transferred to UBS Wealth Management. The retail and corporate distribution network comprises not only 279 branches in Switzerland, but 1,250 teller machines and self-service terminals, as well as digital banking services, serving 2.5 million personal banking clients. ===UBS Asset Management=== at One North Wacker Drive, a 50-story skyscraper in downtown Chicago]] UBS Asset Management offers equity, fixed income, currency, hedge fund, global real estate, infrastructure and private equity investment capabilities that can also be combined in multi-asset strategies. The 1998 UBS-SBC merger and subsequent restructuring resulted in the combination of three major asset management operations: UBS Asset Management, Phillips & Drew (owned by Union Bank of Switzerland), and Brinson Partners (owned by SBC). The investment teams were merged in 2000 and in 2002 the brands were consolidated to become UBS Global Asset Management. At the end of December 2018, UBS Asset Management was responsible for US$781 billion of invested assets and the assets under administration were US$413 billion. With around 2,300 employees¹ in 23 countries, UBS Asset Management is the largest mutual fund manager in Switzerland, a leading fund house in Europe, and one of the largest hedge funds and real estate investment managers in the world. It has main offices in Chicago, Hong Kong, London, New York City, Singapore, Sydney, Tokyo, and Zürich. With the aim to generate systematic products and services for clients, in 2017, UBS integrated Equities, Fixed Income and Solutions capabilities and hedge funds business within a new area named Investments. UBS also formed a new area of business named Real Estate and Private Markets by combining their Global Real Estate and Infrastructure and Private Equity businesses. In February 2017, UBS Group AG and the Northern Trust Corporation, an American international financial services company, announced an agreement for the acquisition of UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland. This acquisition will facilitate the expansion of the Northern Trust Corporation into these two countries, turning the American company into the major fund administrator in the local markets and into one of the ten global leaders in the sector. At the end of the transaction, completed in October 2017, the American company will administrate a total of CHF 420 billion in assets. UBS Asset Management will continue anyway to offer Management Company, White Labelling and Representative Services to its clients. Ulrich Körner, president of the UBS Asset Management, affirms that the continuous transformation of its platform is due to a major efficiency, effectiveness and geographical dislocation of the services offered by the bank. UBS's main competitors in this division are BlackRock, Vanguard Group, State Street Global Advisers (SSGA), Fidelity Investments and Allianz Asset Management (AAM). In April 2025, UBS Asset Management, which oversees $1.8 trillion in assets, has removed restrictions on some of its sustainability funds investing in manufacturers of conventional weapons. This marks a shift in European asset management, as investors respond to rising geopolitical tensions and a regional push for rearmament. UBS still maintains bans on controversial weapons like cluster munitions and biological arms but gave no explanation for lifting the conventional weapons ban. The trend reflects growing investor enthusiasm to support Europe's defense buildup, particularly amidst pressure from U.S. government and rising military spending across the continent. As a result, defense stocks have surged in value. ===UBS Investment Bank=== . At roughly the size of two American football fields, it was the largest column-less trading floor in the world. ]] UBS Investment Bank provides services covering securities, other financial products, and research in equities, rates, credit, foreign exchange, precious metals and derivatives. As of the end of December 2018, the personnel employed at UBS Investment Bank totalled 5,205, present in 33 countries (with principal offices in Chicago, Frankfurt, Hong Kong, London, New York, Shanghai, Singapore, Tokyo and Zurich). This business division also advises and provides access to capital markets for corporate and institutional clients, governments, financial intermediaries, alternative asset managers, and private investors. UBS Investment Bank was formerly known as UBS Warburg and as Warburg Dillon Read, before the merger of the Union Bank of Switzerland and the Swiss Bank Corporation (SBC). Within the UBS Investment Bank division, the Investment Banking Department (IBD) provides a range of advisory and underwriting services including mergers and acquisitions, restructuring, equity offerings, investment grade and high yield debt offerings, leveraged finance and leveraged loan structuring, and the private placement of equity, debt, and derivatives. The Sales & Trading division comprises equities (brokering, dealing, market making and engaging in proprietary trading in equities, equity-related products, equity derivatives, and structured products) and FX, Rates and Credit (FRC) (brokering, dealing, market making and engaging in proprietary trading in interest rate products, credit products, mortgage-backed securities, leveraged loans, investment grade and high-yield debt, currencies, structured products, and derivative products). Following an expansion in 2002, the trading floor covers with arched ceilings. Over US$1 trillion in assets are traded here every trading day. In June 2011, it was announced that UBS was considering moving its North American headquarters back to New York City, and that the bank was looking for office spaces in Midtown and in the rebuilt World Trade Center. UBS's main competitors in this division are fellow members of the Bulge Bracket, particularly Goldman Sachs, JPMorgan Chase, and Bank of America. The American division also offers its own credit card not sponsored by another bank unlike many of its competitors. ==Competition== branches next to each other in Zurich]] On a global scale, UBS competes with the largest global investment banks, particularly within the Bulge Bracket. and until acquiring Credit Suisse in 2023 was regularly compared against it. According to a 2018 study published by Coalition Research Institute, UBS was among the top 10 of the world's investment banks. In Switzerland: UBS competes with a number of cantonal banks, such as Zürcher Kantonalbank, Banque cantonale vaudoise and other cantonal banks, as well as Raiffeisen, PostFinance, and the Migros Bank. In Europe: UBS competes with several larger banks, such as Deutsche Bank, HSBC, Crédit agricole, BNP Paribas, Natixis, Royal Bank of Scotland, Santander and UniCredit. In the United States: UBS competes with the largest American banks, such as Citigroup, Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley. ===Union Bank of Switzerland=== logo, featuring the two acronyms of its English and French names (UBS) and its German counterpart (SBG)]] The Union Bank of Switzerland emerged in 1912 when the Bank in Winterthur fused with the Toggenburger Bank. The Bank in Winterthur, founded in 1862¹ with an initial share capital of CHF 5 million, focused on providing financing for industry and other companies, and had profited considerably from its close railroad connections and large warehousing facilities during the American Civil War when cotton prices rose dramatically. The Toggenburger Bank was founded in 1863¹ with an initial share capital of CHF 1.5 million, and specialized as a savings and mortgage bank for individual customers, maintaining a branch office network in eastern Switzerland. The new company was initially traded under the English name Swiss Banking Association, but in 1921 it was changed to Union Bank of Switzerland (UBS) to mirror its French name, Union de Banques Suisses. In German, the bank was known as the Schweizerische Bankgesellschaft (SBG). The combined bank had total assets of CHF 202 million and a total shareholders' equity of CHF 46 million. In 1917, UBS completed the construction of a new headquarters, Münzhof, in Zurich's Bahnhofstrasse, considered to be the Wall Street of Switzerland. By 1923, offices were established throughout Switzerland. Although the bank suffered in the aftermath of World War I and the Great Depression, it was able to make several smaller acquisitions; in 1937 it established Intrag AG, an asset management business responsible for investment trusts, (i.e. mutual funds). The activities of the Union Bank of Switzerland during World War II were not publicly known until decades after the war, when it was demonstrated that UBS likely took active roles in trading stolen gold, securities, and other assets during World War II. The issue of "unclaimed property" of Holocaust victims became a major issue for UBS in the mid-1990s, and a series of revelations in 1997 brought the issue to the forefront of national attention in 1996 and 1997. UBS confirmed that a large number of accounts had gone unclaimed as a result of the bank's policy of requiring death certificates from family members to claim the contents of the account. UBS's handling of these revelations were largely criticized and the bank received significant negative attention in the U.S. UBS came under significant pressure, particularly from American politicians, to compensate Holocaust survivors who were making claims against the bank. (pictured above) in Zürich.]] Shortly after the end of World War II, Union Bank of Switzerland completed the acquisition of the Eidgenössische Bank, a large Zürich-based bank that became insolvent. As a result of the merger, Union Bank of Switzerland exceeded CHF 1 billion in assets and moved its operations to Zürich. UBS opened branches and acquired a series of banks in Switzerland in the following years, growing from 31 offices in 1950 to 81 offices by the early 1960s. In 1960, Union Bank of Switzerland acquired an 80% stake in Argor SA, a Swiss precious metals refinery founded in 1951¹ in the canton of Ticino. UBS continues to issue gold bars via Argor-Heraeus which is famous for the unique kinebar holographic technology it uses to provide enhanced protection against bank gold bar counterfeiting. By 1962, Union Bank of Switzerland reached CHF 6.96 billion of assets, narrowly edging ahead of Swiss Bank Corporation to become the largest bank in Switzerland. The rapid growth was punctuated by the 1967 acquisition of Interhandel, which made UBS one of the strongest banks in Europe. By the 1980s, Union Bank of Switzerland established a position as a leading European underwriter of Eurobonds. Following two major acquisitions in 1986 (Phillips & Drew and Deutsche Länderbank), UBS made its first purchase in the United States in 1991 with Chase Investors Management Corporation, the asset management business of Chase Manhattan Bank. At the time of the acquisition, the business managed in excess of US$30 billion in assets. The bank's investments had been in the conservative asset management and life insurance businesses; further, 60% of the bank's profits came from its even more conservative Swiss banking operations. In 1993, Credit Suisse outbid Union Bank of Switzerland for Switzerland's Swiss Volksbank, the fifth largest bank in Switzerland which had run into financial difficulties in the early 1990s. The acquisition propelled Credit Suisse ahead of Union Bank of Switzerland as the largest bank in Switzerland for the first time. Prior to the merger with Swiss Bank Corporation, UBS purchased a group of smaller Swiss banks in 1994 including the Cantonal Bank of Appenzell-Ausserrhoden in 1996, and in 1997 Schröder, Münchmeyer, Hengst & Co. from Lloyds Bank was acquired to improve access to the German investment banking and private wealth management markets. ===Merger of Union Bank of Switzerland and Swiss Bank Corporation: 1998=== 's "three keys" icon.]] During the mid-1990s, Union Bank of Switzerland came under fire from dissident shareholders critical of its conservative management and lower return on equity. Martin Ebner, through his investment trust, BK Vision, became the largest shareholder in Union Bank of Switzerland and attempted to force a major restructuring of the bank's operations. Looking to take advantage of the situation, Credit Suisse approached Union Bank of Switzerland about a merger that would have created the second largest bank in the world in 1996. Union Bank of Switzerland's management and board unanimously rebuffed the proposed merger. Ebner, who supported the idea of a merger, led a shareholder revolt that resulted in the replacement of Union Bank of Switzerland's chairman, Robert Studer with Mathis Cabiallavetta, one of the key architects of the merger with Swiss Bank Corporation. On 8 December 1997, Union Bank of Switzerland and Swiss Bank Corporation announced an all-stock merger. At the time of the merger, Union Bank of Switzerland and Swiss Bank Corporation were the second and third largest banks in Switzerland, respectively. Discussions between the two banks had begun several months earlier, less than a year after rebuffing Credit Suisse's merger overtures. The merger resulted in the creation of UBS AG, a new bank with total assets of more than US$590 billion (~$ in ), the largest of its kind. During the merger, UBS chairman Marcel Ospel originally wanted to call the company "United Bank of Switzerland", but settled on simply using "UBS" following the acquisition of American brokerage firm, Paine Webber. Colloquially referred to as the "New UBS" to distinguish itself from the former Union Bank of Switzerland, the combined bank became the second largest in the world at the time, behind only the Bank of Tokyo-Mitsubishi. Additionally, the merger pulled together the banks' various asset management businesses to create the world's largest money manager, with approximately US$910 billion in assets under management. Union Bank of Switzerland's Mathis Cabiallavetta became chairman of the new bank while Swiss Bank's Marcel Ospel was named chief executive officer. Nearly 80% of the top management positions were filled by legacy Swiss Bank professionals. Prior to the merger, Swiss Bank Corporation was considered to be further along than Union Bank of Switzerland in developing its international investment banking business, particularly in the higher margin advisory businesses where Warburg Dillon Read was considered to be the more established platform. Union Bank of Switzerland had a stronger retail and commercial banking business in Switzerland, while both banks had strong asset management capabilities. After the merger was completed, it was speculated that a series of losses suffered by UBS on its equity derivative positions in late 1997 was a contributing factor in pushing UBS management to consummate the merger. ===Acquisition of Credit Suisse: 2023=== In March 2023, UBS agreed to buy Credit Suisse, one of its main competitors, for $3.25 billion (CHF 3 billion), in an emergency rescue deal. On 29 March 2023 it was announced that Sergio Ermotti is returning as chief executive officer from 5 April 2023, replacing Ralph Hamers after just over two years in charge, after approval by 5 April 2023 annual general meeting. Hamers is expected to stay with the bank for a transition period. UBS completed the acquisition on 12 June 2023. On 28 June, it became known that UBS plans to lay off more than half of Credit Suisse's employees. First of all, the reduction will affect traders and support staff in London, New York and some Asian divisions. Prior to the takeover, Credit Suisse employed about 45,000 people. In July 2023, UBS was fined $269 million by the Federal Reserve and $119 million by the Bank of England for Credit Suisse's failure in risk management related to Archegos's collapse. In August 2023, UBS settled with the US Justice Department by agreeing to pay $1.43 billion in civil penalties regarding allegations of fraud and misconduct in its residential mortgage-backed securities offerings it offered in 2006 and 2007. According to Citigroup, the new bank will account for 35% of domestic deposits, 31% of corporate loans and 26% of mortgages in Switzerland. UBS will keep the Swiss business of Credit Suisse but will retire its brand. UBS says it plans to cut costs by $10 billion. UBS also announced at the end of August 2023 that money outflows have stopped at Credit Suisse. In early September 2023, UBS had clearly profited from the takeover as its stocks were increasingly valuable. From April to July, UBS made a record profit of 29.2 billion CHF and its stocks, which were initially depressed after the fusion, were traded at much higher prices. The record profit was based on the difference between the purchase price of Credit Suisse stocks and the apparently higher value of its assets. In September 2023, the US Department of Justice (DOJ) started investigating UBS for Credit Suisse's alleged compliance failures which enabled its Russian clients to dodge sanctions. UBS later stated that the bank is not aware of such a probe by the DOJ and that previous reports on such allegations were incorrect. In May 2025, UBS agreed to pay $511 million to settle a U.S. Department of Justice investigation into Credit Suisse's assistance to wealthy Americans in hiding over $4 billion in offshore accounts. This settlement includes a guilty plea from Credit Suisse Services AG for aiding in the preparation of false tax returns and a non-prosecution agreement related to undeclared accounts in Singapore. In October 2025, UBS appointed Beatriz Martin as its chief operations officer, who had been the company's chief group integration officer since 2023. As part of the role, Martin will oversee the integration of Credit Suisse following its acquisition in 2023. In the same announcement, UBS said it remains on track to complete the Credit Suisse integration by the end of 2026. In February 2026, UBS joins foreign banks expanding India global capability hubs and opened a new global capability centre in the southern Indian city of Hyderabad. ==Acquisition history== As it exists today, UBS represents a conglomeration of dozens of individual firms, many of which date back to the 19th century. Over the years, these firms merged to form the bank's three major predecessors, Union Bank of Switzerland, Swiss Bank Corporation, ICO Markets Exchange Clearing Limited and Paine Webber. The following is a visual illustration of the company's major mergers and acquisitions and historical predecessors, although this is not necessarily a comprehensive list: ==Corporate affairs== ===Senior leadership=== Chairman: Colm Kelleher (since April 2022) Chief Executive: Sergio Ermotti (since April 2023); second term In March 2025, he received SFr14.9 million ($16.8 million) in compensation last year, making him Europe's highest-paid bank executive, amid discussions on capping executive pay in Switzerland. ===Shareholders=== , Germany|234x234px]] As disclosed under the Swiss Stock exchange Act, the most significant shareholders of UBS are GIC Private Limited with 7.07%, BlackRock Inc with 4.98%, Norges Bank with 3.30%, MFS Investment Management with 3.05% and Capital Group Companies with 3.01% of total share capital. In 2008 during the subprime mortgage crisis, GIC Private Limited invested into UBS to help bail it out, thus becoming the largest single shareholder. Additionally, the UBS Group AG disclosed shareholders registered in their share register with 3% or more of shares issued. As of 30 September 2017, these are Chase Nominees Ltd, DTC (Cede & Co.) and Nortrust Nominees Ltd with 10.32%, 6.63% and 4.04% of total share capital respectively. As of 30 June 2019, shareholdings of the Group were distributed as follows: ==Corporate social responsibility== In January 2010, UBS issued a new code of conduct and business ethics which all employees were encouraged to sign. The code addressed issues such as financial crime, competition, confidentiality, as well as human rights and environmental issues. The eight-page code also lays out potential sanctions against employees who violate it, including warnings, demotions, or dismissal. According to Kaspar Villiger, former chairman of the board, and Oswald J. Grübel, former Group CEO, the code is "an integral part of changing the way UBS conducts business". In 2011, UBS expanded its global compliance database to include information on environmental and social issues provided by RepRisk, a global research firm specialized in environmental, social and corporate governance (e.g., ESG) risk analytics and metrics. This was done in an effort to mitigate environmental and social risks that could impact the bank's reputation or financial performance and to simultaneously help globally standardize and systematically implement the firm's due diligence processes. RepRisk data is used in the on-boarding process to screen potential new clients and sourcing partners, alongside periodic client reviews and, also, to evaluate the risks related to transactions in investment banking and institutional lending. In 2018, UBS held 0.72% of shares in HikVision (surveillance cameras), a subsidiary of the Chinese military conglomerate CETC. In October 2019, UBS joined UN's Global Investors for Sustainable Development Alliance (GISD). UBS has committed to raise US$5 billion (~$ in ) of SDG-related impact investments by the end of 2021, which aim to create a measurable positive social or environmental impact. ==Research and development== ===Artificial intelligence=== In 2018, UBS digitally cloned Daniel Kalt, one of its chief economists. Artificial intelligence expert FaceMe was hired to create an interactive avatar of Kalt that can meet with clients via television screen. The clients will be able to ask questions and receive answers, made possible by IBM's Watson AI technology. ==Recognition== In 2006, for the fourth consecutive year, UBS was named one of the 100 Best Companies for Working Mothers living in the U.S. by Working Mother magazine. It is a member of the Stonewall Diversity Champions scheme and has active gay and lesbian, ethnic minority, and women's networking groups. UBS was included on Business Week s The Best Places to Launch a Career 2008, and ranked No. 96 out of the 119 total companies listed. On 2 February 2010, UBS topped the charts for the ninth year in a row in Institutional Investor's annual ranking of Europe's most highly regarded equity analysts. In a year of extremes for equity markets, money managers say that no firm did a better job than UBS to keep them informed about which European sectors, countries, and industries offered the greatest potential. On 4 May 2010, UBS Investment Bank was voted the leading pan-European brokerage firm for equity and equity linked research for a record tenth successive year. A Thomson Reuters Extel survey ranked UBS number one in all three of the key disciplines of research: Research (tenth year); Sales (ninth year running); and Equity Trading and Execution (up from second place in 2009). UBS was also named as the number one leading pan-European brokerage firm for economics and strategy research. On 31 October 2013, UBS Wealth Management was voted the Best Global Private Bank by Professional Wealth Management, retaining the title in 2014 while also being recognized as the Best Private Bank for Philanthropy Services, and Best Global Brand in Private Banking. On 27 October 2016, for the 4th consecutive year, UBS Wealth Management won the Best Global Private Bank title, as well as the Best Private Bank in Asia award for the 5th consecutive year. UBS won the top prize again in 2018. In 2014, the Group received Euromoney's Awards for Excellence 2014 as the Best global bank, and as the Best Bank in Switzerland. In 2017, UBS not only retained its leading position taken in 2016 in the main category best private banking services overall at the Euromoney's Private Banking Awards, but also received recognition as Western Europe's best bank for advisory 2017. In 2018, for the third consecutive year, RobecoSAM, an organization specialized exclusively on Sustainability Investing and conducting extensive research, named UBS in its Industry group leader report 2018 for each of the industry groups represented in the Dow Jones Sustainability Index the group leader in Diversified Financials. The report highlighted Group's sustainability efforts directed through its UBS and Society program: a cross-divisional platform involving activities and capabilities in sustainable investing and philanthropy, environmental and human rights policies, UBS's own environmental footprint, as well as the community investment. The Group also received recognition from Global Finance which rates financial services providers that best meet the specialized needs of corporations on a global level. The selection criteria are focused less on the size, but rather on qualities that companies look for when choosing a provider. UBS was named in the category Global Winners as Best Private Bank in the World 2017, and in the list of global best banks 2017, the Group received the award as Global Winner in the category World's Best Investment Banks 2017. In 2019, UBS was listed as one of the Top 50 World's Most Attractive Employers Global Business Ranking 2019 by Universum Global Survey. ==Sponsorship== ===Sports=== UBS is particularly active in sponsoring various golf tournaments, cross-country skiing in Switzerland, ice hockey, and a range of other events around the world. UBS was the sponsor of the Alinghi sailing ship, winner of the America's Cup in 2003. UBS has been or currently is a sponsor of the following sporting events and organizations: Alinghi Arnold Palmer Invitational Athletissima Automobile Club de Monaco Faldo Series Asia Formula One Greifenseelauf Hahnenkamm Races Hong Kong Rugby Football Union New York Islanders Olympic Museum Lausanne The Players Championship Sierre-Zinal Mountain Race Spengler Cup Davos Swiss Athletics Federation UBS Arena, Elmont, NY UBS Hong Kong Open UBS Japan Golf Tour Championship UBS Kids Cup Weltklasse Zürich ===Culture=== UBS's cultural sponsorships are typically related to classical music and contemporary art, although the company also sponsors a range of film festivals, music festivals, and other cultural events and organizations. UBS supported the Guggenheim UBS MAP Global Art Initiative in which the Solomon R. Guggenheim Foundation identified and worked with artists, curators and educators from South and Southeast Asia, Latin America, and the Middle East and North Africa to expand their reach in the international art world and challenge the Western-centric view of art history. UBS has previously been or currently is a sponsor of the following cultural events and organizations: Art Basel Art Basel Miami Beach Art Gallery NSW Ballett Zürich Basel Sinfonietta Beijing Music Festival Boston Symphony Orchestra Bregenz Festival Casals Festival Cy Twombly exhibition Deichtorhallen Fondation Beyeler Fondation Pierre Gianadda Fresh Paint Contemporary Art Fair, Tel Aviv Galleria d'Arte Moderna, Milan Guggenheim UBS MAP Global Art Initiative International Mozarteum Foundation Locarno International Film Festival London Symphony Orchestra Louisiana Museum of Modern Art Lucerne Festival Lucerne Symphony Orchestra Lugano Festival Montreux Jazz Festival New National Museum of Monaco Ravinia Festival Rheingau Musik Festival Sydney Theatre Company Singapore Sun Festival Swiss Institute Contemporary Art New York Thunerseespiele Utah Symphony Verbier Music Festival WOMEN: New Portraits by Annie Leibovitz Zurich Opera ==References== ==External links==

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