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UBS Group AG (UBS), a global leader in wealth management and investment banking, provides critical financial services across 50+ markets. This page aggregates official announcements, strategic initiatives, and market-moving developments directly from UBS and verified sources.
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UBS Asset Management is set to sell its joint venture, Mitsubishi Corp.-UBS Realty Inc. (MC-UBSR), to KKR & Co. Inc., concluding a 20-year partnership with Mitsubishi Corporation. The transaction, expected to close by April 2022, will yield a gain of approximately USD 0.9 billion and a CET1 capital increase for UBS. Despite this sale, UBS's asset management and investment banking operations in Japan will remain unaffected. MC-UBSR, one of Japan's largest real estate asset management firms, manages around USD 15 billion in assets.
UBS Wealth Management USA has announced the addition of Financial Advisor Taylor Gray to its team in White Plains, New York. With over 20 years of experience, Gray specializes in providing tailored financial solutions and works primarily with foundations, entrepreneurs, and families. Jim Miller, Soundview Assistant Market Head at UBS, expressed enthusiasm about Gray's role in expanding client offerings. Gray also engages in charitable endeavors, assisting organizations in securing funding opportunities.
The UBS Group AG has announced significant changes in its Board of Directors, with Colm Kelleher and Lukas Gähwiler nominated for Chairman and Vice Chairman respectively. Axel Weber will not seek re-election after ten years, while Reto Francioni steps down to become Chairman of UBS Europe SE. The Board proposes a cash dividend of USD 0.50 per share and plans a capital reduction through share cancellations from the buyback program. The Annual General Meeting (AGM) is scheduled for April 6, 2022.
UBS AG (NYSE:UBS) has released its Annual Report 2021, detailing the firm's strategy, governance, and financial performance. The fully audited results reveal a net profit of USD 7,457 million for 2021 and diluted earnings per share of USD 2.06, consistent with prior unaudited figures. This report addresses the regulatory environment and offers insights into the Group's achievements, available at ubs.com/annualreporting.
UBS Wealth Management USA has promoted Tim Skelton to Managing Director in its Indianapolis branch. This acknowledgment highlights Skelton's expertise and commitment, significantly contributing to the firm’s culture. Skelton, who began his financial career in 1998, has been with UBS since 2008 and currently leads Skelton Wealth Management, serving high-net-worth clients. His accolades include being recognized as a Forbes/SHOOK Research Best-In-State Wealth Advisor since 2018. Skelton also actively supports local charities, enhancing his community involvement.
UBS Wealth Management USA announced that two San Diego-based Financial Advisors, Courtney Liddy and Kalyn Maher Walker, have been recognized in the Forbes/SHOOK Research Top Women Wealth Advisors list for 2022. Liddy ranked #11 in California and #37 overall, improving from #59 last year, while Walker ranked #37 in California. The list features 1,377 advisors managing $1.9 trillion in assets. This recognition highlights the commitment of Liddy and Walker to their clients and their extensive qualifications in wealth management.
UBS Private Wealth Management has announced that three advisors from its Northeast market have been recognized in the Forbes/SHOOK Research Top Women Wealth Advisors list for 2022. The advisors, Andrea Bevis, Susan Bordash, and Teresa Jacobsen, are celebrated for their exceptional service and expertise. Collectively, the Top Women Wealth Advisors list includes 1,377 advisors managing
UBS Private Wealth Management has announced that David Schachter, a Financial Advisor in Los Angeles, has earned the Athletes and Entertainers Consultant (AEC) designation. Schachter, a recognized wealth advisor, leads the Endurance Artist Management team at UBS, providing tailored financial insights for sports and entertainment clients. This designation reflects his expertise in navigating the unique financial challenges faced by high-profile individuals. The AEC segment was launched in 2019 to enhance advisory services in this specialized market.
UBS reported strong financial results for FY21, achieving a profit before tax (PBT) of USD 9,484m, up 16% YoY. The firm demonstrated significant growth with USD 107bn in net new fee-generating assets and USD 28bn in net new lending. However, litigation provisions of USD 740m for a French matter impacted expenses, raising the cost/income ratio to 73.6%. Notably, UBS plans to repurchase up to USD 5bn of shares in 2022 and proposes a dividend of USD 0.50 per share. Despite challenges, UBS aims for sustainable growth with tech investments and expanding client segments.
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