Welcome to our dedicated page for UBS Group news (Ticker: UBS), a resource for investors and traders seeking the latest updates and insights on UBS Group stock.
UBS Group AG reports news on a global financial institution built around wealth management, Swiss universal banking, asset management and focused investment banking capabilities. Recurring updates include financial results, client activity, capital ratios, dividend and share-repurchase actions, and regulatory capital developments affecting the group’s balance sheet and capital planning.
Company news also covers UBS Wealth Management hiring, market leadership appointments, advisor-team recognition and regional office activity in the United States. Other recurring themes include governance matters, integration work following the Credit Suisse acquisition, and disclosures tied to UBS Group shares listed on the SIX Swiss Exchange and the New York Stock Exchange.
UBS announced that Axel P. Lehmann will step down as President of Personal & Corporate Banking and President of UBS Switzerland effective January 31, 2021. Lehmann, who has been with UBS for a long time, will transition out by July 31, 2021. He significantly contributed to UBS's leadership in Switzerland and operational efficiency. Sabine Keller-Busse, current Group COO, will succeed him. Iqbal Khan will move to President EMEA. The changes are aimed at further strengthening UBS’s strategic position in its key Swiss market.
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UBS Investment Bank announced the upcoming coupon payments for the ETRACS Alerian MLP Index ETN Series B (AMUB) on various dates. The coupon amount is set at $0.2120 with an annualized current yield of 10.13%. Key dates include valuation on November 16, ex-date on November 27, record date on November 30, and payment on December 8. Investors are advised to review the risks associated with ETNs, as there is no guarantee for coupon payments.
UBS AG announced the Call Settlement Amount for the ETRACS ETN Linked to the Wells Fargo Business Development Company Index, set at $15.2282. This security is scheduled for mandatory redemption on November 27, 2020. The ETN is part of UBS's Medium Term Notes, Series A, and investors are advised to review the prospectus for detailed terms. UBS has filed a registration statement with the SEC for offering exchange-traded securities. Caution is advised due to risks associated with the investment, including the creditworthiness of UBS AG.
UBS Global Wealth Management has launched the Athletes and Entertainers Strategic Client Segment to provide specialized financial advice to clients in sports and entertainment. Led by former professional football player Adewale Ogunleye, the team aims to combat financial mismanagement among athletes and entertainers. The initiative will enhance collaboration with UBS Financial Advisors, focusing on financial literacy and wealth management. UBS emphasizes its adaptability to meet client needs in today's financial landscape, aiming to help clients build generational wealth.
UBS AG has announced the Call Settlement Amount of $85.6837 for its ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (ticker: SDYL), which is due on May 22, 2042. This amount will be paid to investors on the Call Settlement Date of November 23, 2020. The ETN is part of UBS's Medium Term Notes, Series A. Investors are advised to consult the prospectus and pricing supplements before investing, as they contain essential information pertaining to the risks associated with the securities.
UBS has announced that Sharon Alleman, a Financial Advisor at its Hartford, Connecticut office, has been recognized on the Working Mother and SHOOK Research's Top Wealth Advisor Moms list for 2020. Alleman has been with UBS since 2011, having previously worked with Morgan Stanley. The recognition highlights her dedication to both clients and family, as stated by William A. Cholawa, Market Head at UBS Wealth Management USA. The ranking considers both qualitative and quantitative metrics, including assets under management and revenue generated.
UBS has announced that Paul D'Aiutolo, a Financial Advisor in Hartford, CT, has been recognized in the Financial Times 401 Top Retirement Plan Advisors list for 2020. D'Aiutolo leads a team managing retirement plans for 35,000 participants across several states, focusing on fiduciary services and employee education. His leadership in the National Association of Plan Advisors and his qualifications, including CRPS® and AIF®, bolster his expertise in retirement security. This accolade highlights UBS's commitment to excellence in wealth management.
UBS has announced that Melissa Mirabile, a Financial Advisor in Hartford, Connecticut, has been recognized on Working Mother and SHOOK Research’s Top Wealth Advisor Moms list for 2020. This marks her third year receiving this honor and her first appearance on the Forbes/SHOOK Top Women Advisors list. With 27 years of experience, Mirabile focuses on wealth management strategies and risk management for high net worth clients. The rankings consider qualitative and quantitative measures, including assets under management and revenue generated.