What it Does: It keeps a foothold in all significant financial hubs as the biggest private bank in the world and the leading banking organization in Switzerland.
Mission: UBS’ goal is to create THE global investment environment, where possibilities are created, thought leadership has an impact, and people and thoughts are connected.
Size and Presence: With a market value of $63 billion as of May 2022, UBS is the third-largest bank in Europe.
Best Known For: The stringent bank-client privacy and environment of financial regulation are hallmarks of UBS customer services.
The Good Bits: Strong chances to pick the brains of decent folks.
The Not-So-Good Bits: Too many cost-cutting measures have led to excessive workloads for everyone.
The Bank in Winterthur, or UBS, was established in 1862. This advancement coincided with several contemporary Swiss Grossbanken (big banks) established in the late 19th century. The identity of the bank was inferred from Winterthur, which served as Switzerland's industrial centre during that era. In Basel, six private bankers established the Swiss Bank Corporation (SBC) in 1854 to meet the growing credit requirements of the Swiss railroad and production facilities.
Union Bank of Switzerland is not what UBS stands for. In actuality, that is one of the wells of over 370 financial institutions that have joined forces with UBS today, dating back to 1862. With the use of an asset relief and recovery programme, UBS managed significant losses during the 2008 recession. In 2012, the bank reduced its sell-side activities and refocused on providing wealth management advisory services.
UBS’ protracted success depends on a multicultural workplace, an open attitude, and equitable policies. The bank’s approach to diversity is based on how UBS reimagines the potential of people and capital to build a better society for all of the people that is fair and sustainable. In UBS’ opinion, diversified teams are better able to comprehend and relate to the demands of the bank’s varied clientele. Similar to how the diversity of thinking, opinion, and experience aids in improved decision-making and innovation, a welcoming workplace that provides all employees with equal access to opportunities attracts top talent and improves the workplace atmosphere for all employees.
Digital technology and culture are at the core of the ongoing change at UBS. With a clientele that spans the globe, you'll aid us in ensuring that the bank’s transactions are completed fast and successfully. The number of people seeking financial guidance through video conferencing is rapidly increasing. In Switzerland, we're assembling specialised Remote Advice teams.
UBS’ hiring process includes:
The average annual salary of a fresh graduate at UBS Singapore is SGD 50,000.
UBS’ goal is to bring people together for a more just, prosperous society, and the bank will narrow the emphasis of its charitable giving and community service efforts to the areas of health and education. Deploying $1 billion of UBS’ client’s funds into high-impact initiatives is one of the lofty objectives for 2025. 25 million beneficiaries will receive USD 1 billion in donations from UBS’ client philanthropic foundations and funds, and 100,000 beneficiaries will get assistance from the bank’s community investment initiatives in acquiring and studying skills for occupation, good jobs, and business.
According to a Securities and Exchange Commission announcement, UBS Financial Services Inc. has consented to pay about $25 million to resolve fraud allegations linked to a sophisticated investing plan known as the YES, or Yield Enrichment Strategy.