UBS’s consistent strategic focus has led to the current
business mix. The current business mix has emerged over
fifteen years of development, internal growth initiative and
acquisitions, reflecting the firm’s core capabilities, strengths,
culture and history. Since 1998, UBS has progressively
divested
non-core businesses and participations, helping it
to invest in growing its core businesses and create a balanced
reach worldwide.
UBS is the leading global wealth manager. It is one of the
market leaders in both Europe and Asia Pacific, in fourth
position
in the US and the only firm of global scale focusing on
wealth management as a core business.
In mergers and acquisitions,
and equity underwriting, UBS is among the top five
firms globally, and the only global bulge bracket investment
bank with roots outside the US.
The asset management business
is one of the leading active asset managers globally and is
also one of the largest mutual fund managers in Europe.
In Switzerland, UBS is, and has been since 1998, the leading
bank for retail and commercial banking. It serves around
2.7 million individual clients and 137,000 corporations, institutional
investors, public entities and foundations. The bank
has chosen to limit its Swiss retail and commercial banking business
to the Swiss market, concentrating on domestic
opportunities
and growing selected market segments.