today announced the expansion of its Global
Family Office (GFO) to the Americas region, completing the firm's
implementation of a strategy to extend its GFO business to serve
clientele across Europe, Asia and the Americas. The GFO is a joint
venture between UBS
Investment Bank and UBS
Wealth Management, focusing entirely on family offices with
institutional-like profiles and requirements. With this expansion
complete, UBS now offers GFO expertise in seven primary hubs: Zurich,
Geneva, London, Hong Kong, Singapore, Sydney and New York.
"The expansion of the UBS GFO into the Americas
marks a significant capstone to our strategy to bring our full firm to
bear, globally, in support of large institutional and professional
family offices around the world," said Robert McCann, CEO of UBS
Americas and CEO of UBS Wealth Management Americas." The result is a
platform that responds to the highly tailored, complex needs of our
global family office clients, in all markets where we do business."
GFO places at its core a select group of financial advisers who have
experience and training in working directly with GFO clients. In
addition to providing access to UBS's experts in its Wealth Management,
Investment Bank and Prime
Services divisions, the GFO features the following services globally:
Comprehensive global services with complete transparency to the GFO's
service team, including direct contact with UBS bankers, traders,
specialists and sales teams*
Fully customizable and consolidated real-time reporting of holdings,
balances, margin and risk profiles for assets held with UBS and
Access to UBS research
to provide intelligence on current investment trends
advisory services, including governance frameworks, governing
bodies, corporate advisory, management platforms, asset holding
structures, business succession plans, a young successors program and
Exclusive peer network of other UBS Global Family Office clients to
share knowledge and identify potential new business opportunities
"The launch of GFO in the Americas allows us to be the only family
office provider to combine institutional-level service and access with
the holistic wealth management advisory services we supply across the
firm," said Juerg Zeltner, CEO of UBS Wealth Management. "It is a
powerful testament to the business strategy we have set out globally,
and an important step in delivering the full breadth of our intellectual
capital and resources to our clients worldwide."
The UBS Global Family Office was launched in Europe and the Asia-Pacific
region in January 2011 and currently manages more than USD 50 billion in
assets. To learn more about the UBS Global Family Office in the Americas
and view a video about the program, please visit: www.ubs.com/us/en/wealth/misc/globalfamilyoffice.html.
*Services offered to a GFO client are subject to applicable
regulatory framework, based on the location where the client is
domiciled and/or on boarded. Certain services and products are subject
to restrictions and cannot be offered in all jurisdictions.
Notes to Editors
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland.
Its business strategy is centered on its pre-eminent global wealth
management businesses and its universal bank in Switzerland. Together
with a client-focused Investment Bank and a strong, well-diversified
Global Asset Management business, UBS will expand its premier wealth
management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices
in more than 50 countries, with about 35% of its employees working in
the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle
East and Africa and 12% in Asia Pacific. UBS employs about 64,000 people
around the world. Its shares are listed on the SIX Swiss Exchange and
the New York Stock Exchange (NYSE).
Karina Byrne, 212-882-5692, [email protected]
Stinson, 212-713-1302, [email protected]
us on Twitter: @UBSAmericas