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UBS has lost an appeal to throw out a lawsuit by an exiled Chinese businessman over an allegedly forced share sale by the Swiss bank’s London branch. A London court of appeal has dismissed UBS’s latest attempt to throw out a $500 million lawsuit by exiled…
After imposing fines on large banks UBS and Credit Suisse for using unsecured communication channels, the US Securities and Exchange Commission is now aiming for another industry. Now, US fund behemoths Blackstone and Blackrock are in the sights of the US…
As China gradually opens its financial markets to Western institutions, UBS wants to expand its stake in a joint venture there. Swiss bank UBS is in informal talks with China’s securities regulator. The firm wants to apply for a license to sell mutual funds…
Switzerland’s largest bank managed to improve on its results from last year. The bank will increase its dividend this year and buy back more shares. For the year, UBS managed to improve its net profit attributable to shareholders to $7.630 billion from $7.457…
Switzerland’s largest bank posted a better-than-expected profit in the fourth quarter. The bank will also increase its dividend this year and buy back more shares. UBS posted a net profit attributable to shareholders in the fourth quarter of $1.653 billion,…
During this week’s Davos conference CEO Ralph Hamers, said UBS was looking to hire. Now we know which kind of bankers it is going after. UBS is looking to bolster its M&A staff, citing people familiar with the plans. The move contrasts with recent decisions…
A recent UBS leadership appointment at the very top of the bank continues to provoke internal resentment. There is likely a tug-of-war going on at Switzerland’s largest bank. The ostensible trigger is the current group chief financial officer Sarah Youngwood.…
The funds unit of UBS has appointed a head of impact investments for the first time, as finews.com has learned. The experienced executive will be working from the Netherlands. UBS is appointing Narina Mnatsakanian as head of Impact Investing, according to a…
Swiss banking giant UBS has been chosen as the lead partner for Hong Kong’s first public Chinese New Year celebration since the start of the pandemic. According to a statement, UBS is the lead partner for the Wheel of Good Fortune – a Chinese New Year…
Capital Group sees new investment opportunities in fixed-income bonds and is entering into a partnership with the asset management division of UBS to that end. Fund manager Capital Group is entering into a partnership with the asset management division of…
UBS has internally announced the promotion of a wealth management executive for its onshore business in Taiwan. Henry Su has been named business sector head of global wealth management (GWM) for the onshore Taiwan unit at UBS, sources said. In his new role,…
A banking veteran who shaped UBS’s wealth management is leaving. Joe Stadler is leaving UBS at the end of 2023 for retirement, citing anonymous sources. Stadler, the architect of UBS’ family office business and once considered one of the most influential…
UBS named a new head of marketing and digital sales for its Switzerland business to replace the current manager who is moving to another role within the bank at the group level. After eight years as the head of marketing and digital sales for UBS Switzerland,…
UBS launches a new tool providing ultra-high-net-worth clients in the US with a consolidated real-time overview of their entire portfolio. A new wealth analysis and reporting platform in collaboration with IT companies Addepar and Mirador is the latest…
UBP has reshuffled its top leadership in the region with new appointments to lead the North and South Asia business. UBP appoints Ivan Wong as its new regional head of North Asia and Hong Kong branch chief executive, according to an internal memo, effective…
UBS names Damian Vogel to its executive board and becomes chief risk officer, replacing the current CRO who is stepping down to focus on academia and photography. Damian Vogel succeeds Christian Bluhm as chief risk officer at UBS and will join the executive…
