UBS at a Glance

Uppers

  • “People and culture are great”
  • “Very lean teams so more responsibility early on”
  • “Reasonable work/life balance—you don’t have to work weekends”

Downers

  • “Very bureaucratic and slow”
  • “The hours”
  • “Frustration with IT spending—expectations to work with limited resources”

The Buzz

  • “Great research”
  • “Not as good as it used to be”
  • “Swiss bank”
  • “Losing ground to bulge brackets”

About UBS

UBS is one of the world's largest financial firms. Headquartered in Zurich, Switzerland, UBS has offices in over 50 countries and employs approximately 62,500 people. UBS provides financial advice and solutions to private, institutional, and corporate clients worldwide, as well as retail clients in Switzerland. Its strategy centers on its wealth management business and its universal bank in Switzerland, complemented by its global asset management business and its investment bank. The firm's wealth management business partners with its other business divisions when delivering advice and solutions to clients. 

The current version of UBS was formed in 1998 when Union Bank of Switzerland merged with Swiss Bank Corporation, whose combined history dates back to 1862. In 2000, UBS began trading on the NYSE and bought New York-based PaineWebber, whose history dates back to 1879, solidifying its U.S. presence. More recently, in 2008 and 2009, it reorganized itself and shrank considerably, as a result of losses stemming from the subprime mortgage crisis. The company also received aid from the Swiss government. 

Senior management restructured the firm in 2009. UBS returned to profitability in 2009 and maintained its profitability during the course of 2010 and 2011, even though it experienced a further setback in September 2011, when it announced that it had discovered major unauthorized trading by a trader in its Investment Bank. CEO Oswald Grubel resigned and Sergio Ermotti, the head of UBS's European operations, was named interim CEO. He was confirmed as Group CEO soon after, the position he continues to hold today. 

Since 2012, UBS has grown its wealth management businesses, and transformed its investment bank to focus on its traditional strengths in advisory, research, equities, foreign exchange, and precious metals. It has also improved its capital position while growing its business and enhancing its competitive positioning. At the beginning of 2014, Euromoney  named UBS the "Best Global Bank," noting that "the bold decisions taken by a new chief executive and his management team make [UBS] today a bank that others seek to emulate." Euromoney again recognized UBS in 2015, naming the firm "Best Global Wealth Manager," underscoring the bank's position as an industry leader in its core wealth management businesses and its ability to navigate difficult times. In 2016, Global Finance named UBS "the world's number one investment banking house." In 2017, UBS was named "Best Investment Bank" and "Best M&A Bank" by Global Finance.  In 2018, UBS was named "World's Best Bank for Wealth Management" by Euromoney for the eighth time. It also was named "Asia's Best Bank for Wealth Management."

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UBS

1285 Avenue of the Americas
New York, NY 10019
Phone: (212) 713-3000

Stats

  • Employer Type: Public
  • Stock Symbol: UBS
  • Stock Exchange: NYSE
  • Group CEO: Sergio P. Ermotti
  • 2018 Employees: 62,500

Major Office Locations

  • New York, NY
    London, United Kingdom
    Hong Kong, Hong Kong
    Zurich, Switzerland
    San Paulo, Brazil
    Tokyo, Japan
    Los Angeles, CA
    San Francisco, CA
    Stamford, CT
    Chicago, IL
    Houston, TX