Sergio P. Ermotti
President of the Executive Board
Group CFO & Member of Executive Board
Group COO & Member of the Group Executive Board
UBS was founded in the year 1962. The organisation has been operational for almost 156 years now. The former name of the bank was Union Bank of Switzerland, which became defunct in the year 1988. The origin of the bank traces back to the year 1854. During the years 1885 and 1886, the bank merged with Zurcher Bankverein, and therefore the name of the bank was changed to Schweizerischer Bankverein. The name was again changed to Swiss Bank Corporation, in the year 1917.
During World War I and II, the growth of the bank became stagnant, as the bank’s traditional business was non-existent and therefore the main client was the Swiss government itself. By the year 1965, the overall assets of the bank reached almost 10 billion Swiss Franc. By the year 1970, the bank opened its offices in Tokyo, Japan. In the year 1997, due to an all-stock merger between the Swiss Bank Corporation and the Union Bank of Switzerland, the UBS AG Group was formed. The company also collaborated with Paine Webber, during the year 2000. The bank faced heavy losses during the start of the year 2007 and was continued till 2009. As of the current date, the bank has been mostly focusing on private banking and also launched its digital currency, known as Utility Settlement Coin or USC. The headquarter of the bank is situated in Bahnhofstrasse 45. The name of the place is Zurich, while the country name is Switzerland. The pin code of the area is 8001.
UBS is a banking organisation that is based in Switzerland, that focuses on providing the best financial services to its customers and clients, in over 50 countries worldwide. The current CEO of the organisation is Sergio Ermotti. As of the year 2018, the total revenue generated by the organisation is more than $30.2 billion worldwide. Also, the number of employees working at the organisation, as of the year 2018, is more than 66,000. UBS is currently the 11th largest bank in the whole of Europe.
The primary services provided by the company include allowing customers and clients to obtain various kinds of banking and financial services, offered by the organisation itself. The bank provides investment banking, private banking, wealth management services, corporate banking, retail banking, private equity, finance and insurance services, mortgage services, offering credit card services, etcetera.
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