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January"Investment Dealer’s Digest", a leading US business publication, names UBS’s Investment Bank as its “Bank of the Year”, the first time a non-US owned financial institution is given this prestigious award. The Investment Bank is recognized for its “overall excellence, competitiveness, significant financial progress and increase in market share”. | | FebruaryA new holding company structure is announced for UBS’s five independent private banks, Armand von Ernst, Banco di Lugano, Bank Ehinger, Cantrade, and Ferrier Lullin, along with Global Asset Management’s subsidiary GAM. The move anticipates a further wave of consolidation in the Swiss private banking industry. Cantrade, Bank Ehinger and Armand von Ernst subsequently merge to form Ehinger & Armand von Ernst. | | MarchSponsored by UBS, Team Alinghi wins the America’s Cup in Auckland, New Zealand. For the first time since 1851, the America’s Cup returns to Europe, making Switzerland the first landlocked country to succeed in the battle for the world’s oldest and most sought-after sailing trophy.  |
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