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UBS AG

UBS AG is a diversified global financial services company. The company is headquartered in London and New York. It is world’s largest manager of private wealth assets, hence it is also known as “the world’s biggest manager of other people’s money”. Both by market capitalisation and prifitability this is the second largest bank in Europe. UBS AG has a major presence in the US with its American headquarters located in Manhattan, New Jersey and Stamford. UBS’s retail offices are located throughout the United States and in more than 50 countries. UBS’s global business groups are private banking, investment banking and asset management.

In addition to this, UBS AG is one of the leading providers of retail banking and commercial banking services in Switzerland. UBS has its roots as a Swiss Bank, originating in 1747 with its first branch established in the Swiss region of Valposchiavo. Modern UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998. On June 2003, all UBS business groups rebranded under the UBS name as the company began operating as one large firm. UBS is present in all major financial centers worldwide.

It has its offices in more than 50 countries. According to the official website of the bank, it has 81,557 employees as on June 2007. One of the more unusual businesses operated by UBS AG is the UBS Polybahn. This is a funicular railway in Zurich, Switzerland. Main competitors are Rothschild, Credit Suisse, Citigroup, Deutsche Bank, Goldman Sachs.

UBS AG is one of the world’s leading financial firms serving a discerning global client base. The organization combines financial strength with a reputation for innovation and a global culture that embraces change. UBS links its custody services and investment process as parts of an integrated investment concept.

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