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Initiatives and achievements
Euromoney again names UBS best private bank worldwide
Euromoney has again named UBS as the best private bank
worldwide in its Awards for Excellence poll published in its
July 2005 issue.
“UBS is once again a deserving winner,” said the magazine,
noting that UBS has made four acquisitions, deepening
its footprint in the US, Latin America, Luxembourg and
Germany since winning the same award last year. For the first
time ever, UBS took Euromoney’s global risk management
house title. The magazine also named us best bank in Western
Europe and in Switzerland.
“What distinguishes UBS from its competitors is the way
it has combined its abilities in investment banking with an
unrivalled leading position in retail and private banking,”
Euromoney wrote.
Indian offshoring center established
At the end of 2004, we established a function to oversee UBS’s
offshoring activities on a firm-wide basis. It provides support,
advice and coordination services for our businesses, and is
currently overseeing the building of an offshoring facility in
Hyderabad, India.
The Hyderabad service centre will initially be able to accommodate
500 offshored roles when it becomes operational in
first quarter 2006.
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