Witzerland dating

Posted by / 08-Apr-2020 07:21

More than 60% of total invested assets in UBS Wealth Management belong to individuals with a net-worth of CHF 10 million or more. is an outgrowth of the former Paine Webber brokerage business.Of the remaining 40% of total invested assets, 30% of the total belong to individuals with net-worth between CHF 1 million and CHF 10 million and the last 10% of total assets belong to individuals with a net-worth of less than CHF 1 million. The business was initially renamed UBS Paine Webber in March 2001 after it was acquired by UBS.

UBS manages the largest amount of private wealth in the world, counting approximately half of the world's billionaires among its clients.

After UBS managed heavy losses during the 2008 financial crisis with an asset relief recovery program, it was hit with the 2011 rogue trader scandal resulting in a US billion trading loss.

In 2012 the bank reoriented itself around wealth management and limited its sell side operations.

The company's global business groups are wealth management, investment banking and asset management.

Additionally, UBS is the leading provider of retail banking and commercial banking services in Switzerland, as established already in 2009.

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In November 2014, the shares in UBS Group AG were listed and started trading as a new holding company at the NYSE and SIX Swiss Exchange.

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