UBS Investment Bank Asia
VAULT RANKINGS 2010
NEWS AND UPDATES
Vault's Scoop
Uppers
- Lots of "training opportunities"
- "People are treated with respect"
- "The work is very challenging"
Downers
- "High-pressure environment"
- "Too cautious" with promotions
- Some managers need to "improve their people management skills"
ABOUT THIS COMPANY:
The big Swiss
UBS Investment Bank is one of the primary units of Swiss-based banking giant UBS AG, one of the world’s largest financial firms. Headquartered in Zurich and Basel, UBS AG underwent a major restructuring in August 2008; the Swiss giant is now comprised of a corporate center and four business divisions: Wealth Management & Swiss Bank, Wealth Management Americas, Global Asset Management and UBS Investment Bank. Worldwide, as of mid-2009, UBS AG employed more than 70,000 people; however, according to a March 2009 statement by the firm, "UBS expects to reduce the number of its employees to about 67,500 by 2010 in order to realize substantial cost savings in all areas." UBS employs around 9,000 in the Asia Pacific region, equivalent to about 13 percent of its total workforce. While staff numbers have fallen in other regions, those in Asia Pacific have been steadily rising (the region represented just 10 percent of the workforce in 2006). UBS operations in Asia Pacific are now headed up by Chi-Won Yoon, who took over as chairman and CEO for UBS AG in Asia Pacific in June 2009. UBS Investment Bank employs more than 15,000 people worldwide. (At its peak, in the third quarter of 2007, the investment bank employed 23,000.) Providing securities products and research in equities, fixed income, rates and foreign exchange, UBS Investment Bank also provides advisory services and access to the world's capital markets for corporate, institutional, intermediary and alternative asset management clients. Its current plans include sharpening its focus on client-driven growth, and further reducing its balance sheet and risk positions.
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From the Community
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UBS Investment Bank Asia Perspective
UBS Investment Bank Asia HIGHLIGHTS
At UBS we make it our business to see the entire financial picture. We are the leading global wealth manager, a top-tier investment banking and securities firm, one of the largest global asset managers and the market leader in Swiss retail and commercial banking. A career at UBS means being part of a team where your efforts lead to future success. In Asia Pacific our success has been recognized by many industry awards including...Q&A WITH UBS Investment Bank Asia
Q: As Chairman and CEO for Asia Pacific, how do you feel UBS sets itself apart from competitors in the region?UBS has been a major participant in the Asia Pacific financial sector for many decades. It is that commitment, over a sustained period of time, including during the financial crisis, that sets us apart from the competition.
