On 23 January UBS and Swiss Challenge for the America's Cup (subsequently known as Team Alinghi) sign partnership agreement making UBS one of Swiss Challenge's main partners in the competition for the oldest sports trophy in modern times. The Swiss Challenge for the America Cup was created by Ernesto Bertarelli with the aim of contesting the next edition of this prestigious event under the flag of the "Société Nautique de Genève".
UBS completes financing of the acquisition of PaineWebber in January.
The Combined Actuarial Performance Services (CAPS) Pooled Pension Fund Update, Phillips & Drew was the top-performing pension fund manager in Britain in 2000.
According to research by Blue Sky International UBS is confirmed as number one eBroker in Switzerland for the fourth quarter in a row.
On 20 February, Mitchell Hutchins Asset Management, Inc., PaineWebber’s investment management subsidiary, joins the UBS Asset Management business group, and is renamed Brinson Advisors, Inc.
On 22 February, UBS announces a record annual result for 2000 with a net profit of CHF 7,792 million. Due to the acquisition of PaineWebber headcount within UBS rose substantially to 71,076 and total shareholder's equity was CHF 44,833 million.
UBS Warburg staff in Frankfurt start moving into the Skylight Building, which is planned to become the common location for all UBS businesses represented in Germany's financial centre.
On 5 March PaineWebber Incorporated is renamed UBS PaineWebber Inc.
UBS decides not to proceed with the Eurogate project in Zürich.
UBS sells TicketCorner AG (which had been created in 1999 through the merger of Fastbox Ticketservice AG and TicketCorner) to Kudelski SA.
On 20 June UBS Asset Management announces the acquisition of RT Capital Management, Inc., the institutional asset management business of Royal Bank of Canada. RT Capital is to be renamed Brinson Canada. The acquisition is completed on 15 August.
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UBS launches "The Power of Partnership" brand campaign. |
In July, UBS in Switzerland introduces new Classic mortgage. It is linked to the yield on ten-year government bond and offers a variable rate of interest and a term of three or five years.
On 16 July UBS announces that it has split its shares 3 for 1, bringing its share price to a level more in line with other leading global financial services companies.
Joseph J. Grano Jr. is appointed Chairman of UBS PaineWebber Inc.
UBS sponsors the 21 August UBS Jubilee Race Around The Island at The America’s Cup Jubilee regatta in Cowes.
On 30 August the Bergier Commission releases to the public the first eight research reports that examine Switzerland's history during the Second World War. The remaining 17 reports are to be published towards the end of 2001. One of the eight reports just published concludes that I.G. Farben in Liquidation's longstanding claims against UBS (stemming from the former Union Bank of Switzerland's merger with Interhandel in 1966) have no foundation.
Four UBS employees are killed as a result of the terrorist attacks on the World Trade Center though no UBS offices are directly affected. UBS establishes UBS Humanitarian Fund to direct help rapidly and effectively to those most in need.
On 29 September, SAirGroup, facing imminent financial collapse, invites UBS and Credit Suisse Group to put together a rescue package as, otherwise, both flight and flight-related activities would have to cease operations shortly afterwards. Faced by this extremely short notice and with little time to conduct proper due diligence, the two banks deliver a rescue package within 36 hours.
After Swiss airline's financial woes are exacerbated by the effects of the 11 September terrorist attacks, a plan is worked out jointly by UBS, Credit Suisse Group and the Boards of Directors of Swissair Group and Crossair with the objective of continuing the restructured airline business under the aegis of Crossair.
The Wolfsberg Group of International Private Banks (ABN Amro Bank NV, Banco Santander Central Hispano, S.A., Barclays Bank, Citibank, N.A., Credit Suisse Group, Deutsche Bank AG, Goldman Sachs, HSBC, JPMorgan Private Bank, Société Générale, UBS) together with Berlin-based NGO Transparency International and their advisers agree on a private sector initiative to advance the international fight against terrorism.
In mid-October UBS launches "The Bank for Banks" marketing initiative. "Bank for Banks" enables financial institutions to outsource non-core elements of their business and operations in an efficient, flexible and modular way, across the full range of banking business and product areas.
"UBS Private Banking Deutschland AG" replaces Schröder Münchmeyer Hengst name in German private clients market.
On 27 November UBS becomes founding member of the European Sustainable and Responsible Investment Forum (EUROSIF) which is launched at the Corporate Social Responsibility Conference of the Belgian Presidency of the European Commission in Brussels.
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Peter Wuffli | |
On 18 December Peter Wuffli replaces Luqman Arnold as President of the Group Executive Board of UBS
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with John Fraser succeeding Wuffli as CEO of UBS Asset Management. At the same time, John Costas, previously President and Chief Operating Officer of UBS Warburg, becomes the investment bank's Chief Executive Officer, assuming the day-to-day operational leadership of the business group.
