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.
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.
With the aim to generate systematic products and solutions for client, 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.
All logistics and support services are also located within this division and include operations, human resources, communications, physical security and information security.
More than 60% of total invested assets in UBS Wealth Management belong to individuals with a net-worth of CHF 10 million or more.
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 business is further divided geographically with separate businesses focused on the U. With its headquarters in Switzerland, UBS Wealth Management is present in more than 40 countries with approximately 190 offices (100 of which are in Switzerland).
In the end of 2016, UBS founded a 100% owned Europe SE in Frankfurt am Main.
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.
Additionally, UBS provides a broad range of securities and savings products that are supported by the firm's underwriting and research activities as well as order execution and clearing services for transactions originated by individual investors. Two-thirds of the total invested assets come from Europe and Switzerland, with the final one-third coming mainly from the Asia-Pacific region.
The step is said to help the bank simplify its governance structure and increase operational efficiency and therefore lead to cost savings. The business was initially renamed UBS Paine Webber in March 2001 after it was acquired by UBS.