 | |  Also a participant in "The Bank for Banks", UBS Private Banking can provide external financial intermediaries with a complete "virtual branch". This type of outsourcing solution allows an intermediary to expand their reach and service offering, by tapping into the product and logistical resources available from UBS, while still retaining portfolio management and client care in-house. Client institutions for UBS "virtual branch" services are supported by specialized teams at several Swiss locations, as well as in Frankfurt, London, Luxembourg, Jersey, Monaco, Paris, and Singapore.
Coordinated solutions can go further. For example, cross-marketing by UBS Switzerland has already yielded a number of important mandates in Europe for UBS Asset Management. This activity may, in its turn, generate additional cross-divisional business. For example, a "private label" fund solution from UBS Asset Management might well involve custody services from UBS Switzerland and securities lending from UBS Warburg.
Just as in the case of UBS Warburg’s CRD initiative, "The Bank for Banks" ensures that UBS delivers integrated solutions rather than isolated products. The ultimate aim of both initiatives is to realize "The Power of Partnership" in long standing and mutually profitable relationships with client institutions.
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