Ad hoc releases - Global home

Results of the Annual General Meeting of UBS AG

2013-05-02T18:00:00.000+02:00

At the Annual General Meeting held on May 2, 2013, UBS's shareholders confirmed in their offices those members of the Board of Directors who had stood for re-election, and voted Reto Francioni onto the Board for the first time. 2'501 shareholders attended the General Meeting, representing 1'809'082'901 votes.

UBS's first-quarter 2013 result

2013-04-30T06:45:00.000+02:00

Agenda for the Annual General Meeting of UBS AG on 2 May 2013

2013-04-02T07:00:00.000+02:00

UBS publishes Annual Report 2012

2013-03-14T07:00:00.000+01:00

Changes to the UBS Board of Directors

2013-03-12T07:00:00.000+01:00

UBS to buy back outstanding bonds in public tender offers

2013-02-05T06:50:00.000+01:00

UBS's fourth-quarter 2012 results

2013-02-05T06:45:00.000+01:00

UBS Board of Directors authorizes settlements of LIBOR-related claims with US and UK authorities; Swiss regulator to issue order

2012-12-19T07:00:00.000+01:00

UBS announces strategic acceleration from a position of strength

2012-10-30T06:46:00.000+01:00

UBS reinforces commitment to deliver more sustainable and attractive returns; significantly reshaping its Investment Bank
Group Basel III RWAs¹ targeted to be reduced further to below CHF 200 billion by end 2017; Investment Bank will operate with Basel III RWAs of less than CHF 70 billion effective 1.1.13
Group-wide efficiencies targeting incremental CHF 3.4 billion annual cost savings with total savings of CHF 5.4 billion by 2015; UBS investing CHF 1.5 billion across all of its business divisions
With immediate effect, Andrea Orcel to lead the Investment Bank; Carsten Kengeter to step down from Group Executive Board and lead management of exited Investment Bank businesses and positions

UBS's third-quarter 2012 results

2012-10-30T06:45:00.000+01:00

UBS's second quarter 2012 results

2012-07-31T06:45:00.000+02:00

Results of the Annual General Meeting of UBS AG

2012-05-03T18:00:00.000+02:00

UBS's first quarter 2012 results

2012-05-02T06:45:00.000+02:00

Agenda for the Annual General Meeting of UBS AG on 3 May 2012

2012-03-29T07:00:00.000+02:00

UBS announces changes to the Group Executive Board

2012-03-22T18:00:00.000+01:00

UBS publishes Annual Report 2011

2012-03-15T07:00:00.000+01:00

UBS launches USD 2 billion Basel III-compliant loss-absorbing notes

2012-02-22T07:00:00.000+01:00

UBS full-year pre-tax profit CHF 5.5 billion; wealth management businesses' full-year net new money CHF 35.6 billion; end-2011 Basel 2.5 tier 1 ratio 16.0%; dividend of CHF 0.10 to be proposed for 2011

2012-02-07T06:45:00.000+01:00

Changes to the UBS Board of Directors

2012-02-03T07:00:00.000+01:00

Beatrice Weder di Mauro and Isabelle Romy to be nominated for election to UBS Board of Directors at the Annual General Meeting on 3 May 2012
Bruno Gehrig will not stand for reelection to the UBS Board

UBS announces leadership changes

2011-12-01T07:00:00.000+01:00

2011 Investor Day: UBS updates its strategy and capital plans; establishes new financial targets and announces its intention to introduce a progressive capital return program

2011-11-17T17:40:00.000+01:00

Senior leadership nominations at UBS

2011-11-15T06:45:00.000+01:00

UBS third-quarter pre-tax profit CHF 1 billion; wealth management businesses' net new money CHF 7.8 billion; BIS tier 1 capital ratio 18.4%

2011-10-25T06:45:00.000+02:00

UBS updates its 2010 financial controls assessment

2011-10-25T06:45:00.000+02:00

UBS expects to report a modest net profit for the Group and positive net new money in its wealth management businesses for the third quarter of 2011

2011-10-04T07:00:00.000+02:00

Leadership change at UBS

2011-09-24T12:00:00.000+02:00

UBS provides more detailed information on unauthorized trading

2011-09-18T16:00:00.000+02:00

Media Release

2011-09-15T08:57:00.000+02:00

Zurich/Basel, 15 September 2011 - UBS has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The matter is still being investigated, but UBS's current estimate of the loss on the trades is in the range of USD 2 billion. It is possible that this could lead UBS to report a loss for the third quarter of 2011. No client positions were affected.

UBS update on cost reduction plans

2011-08-23T07:00:00.000+02:00

UBS second-quarter profit before tax CHF 1.7 billion; Group net new money CHF 8.7 billion; tier 1 capital ratio 18.1%

2011-07-26T06:45:00.000+02:00

Axel Weber to be nominated for election to UBS Board of Directors in 2012 and to be appointed Chairman in 2013

2011-07-01T07:00:00.000+02:00

Results of UBS AG's Annual General Meeting

2011-04-28T17:00:00.000+02:00

UBS first-quarter profit before tax CHF 2.2 billion; Group net new money CHF 22.3 billion; Tier 1 capital ratio 17.9%

2011-04-26T06:45:00.000+02:00

For the first quarter of 2011 we report higher profits than in the fourth quarter of 2010. Net new money for the Group was positive, with positive net flows recorded across all of our asset-gathering businesses confirming the return of client trust and confidence. Our Basel II tier 1 capital ratio remains among the highest in the industry.

Agenda for the Annual General Meeting of UBS AG on 28 April 2011

2011-03-25T07:00:00.000+01:00

Zurich/Basel, 25 March 2011 - UBS AG today published the agenda for the Annual General Meeting (AGM) on 28 April 2011. The agenda items are as follows:

UBS publishes Annual Report 2010

2011-03-15T06:45:00.000+01:00

UBS is today publishing its Annual Report for 2010. The report is available at www.ubs.com/annualreporting.

Change on UBS Board of Directors

2011-02-14T07:00:00.000+01:00

UBS fourth quarter net profit attributable to shareholders of CHF 1.3 billion. Full year net profit of CHF 7.2 billion

2011-02-08T06:45:00.000+01:00

For 2010, net profit attributable to UBS shareholders was CHF 7.2 billion compared with a loss of CHF 2.7 billion in 2009. 2010 diluted earnings per share of CHF 1.87 compared with negative CHF 0.75 in 2009, and return on equity of 15.9 % for 2010 compared with negative 7.8% at the end of last year
During 2010 our BIS tier 1 capital ratio increased to 17.7% from 15.4% and our BIS core tier 1 capital ratio increased to 15.3% from 11.9% at the end of 2009. We will continue to retain earnings to meet capital requirements and will not pay a dividend for 2010
Cost discipline maintained; we achieved our fixed cost target of less than CHF 20 billion for 2010

Sally Bott not to stand for re-election at UBS Annual General Meeting on 28 April 2011

2011-02-07T07:00:00.000+01:00

Zurich/Basel, 7 February 2011 - UBS today announces that Sally Bott, member of the UBS Board of Directors, will not stand for re-election at the UBS Annual General Meeting on 28 April 2011. UBS will announce in due course if it will nominate an additional candidate for election to the Board of Directors.

Sally Bott informed the Board of Directors that she will pursue other endeavours and therefore will not stand for re-election.

Sally Bott was elected to the Board of Directors at the October 2008 Extraordinary General Meeting. She chairs the Human Resources and Compensation Committee and is also a member of the Corporate Responsibility Committee and the Governance and Nominating Committee.

Kaspar Villiger, Chairman of the Board of Directors of UBS, said: "I greatly regret that Sally Bott is leaving our Board. Her in-depth knowledge in the field of human resources was an invaluable asset for the Board during the past two and a half years. I thank Sally for her outstanding contributions and great commitment and wish her every success and fulfilment in the future."

UBS announces changes to the Group Executive Board

2010-12-03T18:00:00.000+01:00

2010 Investor Day: UBS updates investors on progress and reconfirms medium-term targets

2010-11-16T07:00:00.000+01:00

UBS third quarter net profit attributable to shareholders of CHF 1,664 million; diluted earnings per share of CHF 0.43

2010-10-26T06:45:00.000+02:00

Revenues affected by unusually low levels of client activity; management responded by reducing costs Results include a CHF 825 million net tax credit and an own credit charge of CHF 387 million; profit before tax of CHF 818 million

UBS announces senior management appointments

2010-10-22T07:00:00.000+02:00

UBS to participate in Bank of America Merrill Lynch financials conference

2010-09-30T07:00:00.000+02:00

UBS announces Alex Wilmot-Sitwell and Chi-Won Yoon as Co-Chairmen and Co-CEOs, Asia Pacific

2010-09-28T00:00:00.000+02:00

UBS today announced the appointment of Alex Wilmot-Sitwell as Co-Chairman and Co-CEO of Asia Pacific. Alex will lead the region together with Chi-Won Yoon, current Chairman and CEO, Asia Pacific. Alex will be based in Hong Kong and will take over his new role on 1st November 2010. Carsten Kengeter, currently Co-CEO UBS Investment Bank, will become sole head of the Investment Bank.

UBS second quarter pre-tax profit of CHF 2,614 million

2010-07-27T06:45:00.000+02:00

Following Swiss parliamentary approval of the US-Swiss Government Agreement, UBS expects to achieve a comprehensive resolution of all outstanding matters with the US government related to the US cross-border business by October 2010.

UBS nominates Joseph Yam for election to its Board of Directors

2010-07-23T07:00:00.000+02:00

UBS has nominated Joseph Yam, founder and former Chief Executive of the Hong Kong Monetary Authority, for election to the Board of Directors at the bank's Annual General Meeting on 28 April, 2011.

UBS responds to Parliamentary approval of the US-Swiss Government Agreement

2010-06-17T10:00:00.000+02:00

UBS reports a first quarter pre-tax profit of CHF 2,810 million

2010-05-04T06:45:00.000+02:00

Zurich/Basel, 4 May 2010 - Commenting on UBS's first quarter 2010 results, Group CEO Oswald J. Grübel said: "We are well positioned to meet our medium-term goals. We implemented the measures announced in 2009 and delivered a good profit while managing our costs and using our balance sheet and risks in a disciplined way."

UBS pre-announces a Q1 pre-tax profit of at least CHF 2.5 billion

2010-04-12T10:30:00.000+05:30

UBS forecasts Q1 result for FICC unit

2010-03-30T12:00:00.000+02:00

Zurich/Basel, 30 March 2010 - A media report late yesterday indicated that UBS's Fixed Income, Currencies and Commodities unit (FICC) would generate revenue of about US$2.3 billion in first quarter 2010. Under SIX ad hoc publicity rules, UBS is required to comment on this report. The reported figure is slightly higher than FICC's current first quarter forecast revenues. Because the quarter has not ended and results to date are subject to possible fair value adjustments, including those relating to own credit, this forecast may not be reliable. UBS will issue its first quarter 2010 financial results on 4 May 2010.

UBS appoints Lukas Gähwiler CEO UBS Switzerland

2010-03-26T07:00:00.000+01:00

Agenda for the Annual General Meeting of UBS AG on 14 April 2010

2010-03-18T07:00:00.000+01:00

UBS publishes Annual Report 2009

2010-03-15T07:00:00.000+01:00

UBS is today publishing its Annual Report for 2009. The report is available at www.ubs.com/annualreporting

UBS reports a fourth quarter profit of CHF 1,205 million

2010-02-09T06:15:00.000+01:00

Zurich/Basel, 9 February 2010 - Commenting on UBS's fourth quarter 2009 results, Group CEO Oswald J. Grübel said: "We entered 2009 at the height of the crisis. By the end of 2009 UBS has returned to profitability, delivering on its priorities. We have taken decisive action to transform UBS, and it is now a focused, efficient and resilient firm. We expect that our return to profitability will increase clients' confidence in UBS and restore our reputation."

UBS AG nominates Wolfgang Mayrhuber for election to its Board of Directors

2009-12-07T07:00:00.000+01:00

UBS AG nominates Wolfgang Mayrhuber, chief executive officer of Deutsche Lufthansa AG, for election to its Board of Directors at its annual general meeting on 14 April 2010.

S&P report not reflective of UBS's capital position: Pro forma risk-adjusted capital ratio at 7.1% (when taking into account mandatory convertible notes)

2009-11-24T17:30:00.000+01:00

2009 Investor Day: UBS provides update on progress in transforming the firm and announces medium-term Group and divisional objectives

2009-11-17T07:00:00.000+01:00

UBS reports a third quarter loss of CHF 564 million, impacted by accounting charges of CHF 2,150 million

2009-11-03T07:00:00.000+01:00

Excluding these accounting charges, the underlying pre-tax profit was CHF 1,557 million

UBS Appoints Robert J. McCann as Chief Executive Officer, Wealth Management Americas & Member of UBS Group Executive Board

2009-10-27T07:00:00.000+01:00

UBS AG announced today the appointment of Robert J. McCann as Chief Executive Officer of UBS Wealth Management Americas and Member of the Group Executive Board of UBS AG.

Mr. McCann, 51, will immediately assume responsibility for the firm's domestic wealth management businesses in the United States and Canada, including all international business booked in the US. He will lead nearly 8,000 Financial Advisors in more than 320 branches across the US, Puerto Rico and Canada, managing CHF 695 billion in invested assets.

UBS Group CEO Oswald Gruebel said: "I want to welcome Bob McCann to UBS. He comes to us having led one of the largest wealth management advisory teams in the world. Bob has an outstanding reputation as an inspiring and thoughtful leader and will apply his long and deep client relationship and business experience to gain market share, increase profitability and grow our Wealth Management Americas business. I am confident that his proven ability to meet client needs, manage businesses and develop financial advisors will drive UBS Wealth Management Americas to a higher level of performance and return for all stakeholders.

"In the Americas alone, the wealth management market opportunity represents high net worth assets in excess of USD 20 trillion. Under Bob's leadership, I believe that the business will now consolidate its position as the firm of choice for those clients seeking a fully integrated offering of diverse products and tailored advisory services."

Mr. McCann said: "Coming to UBS is a once-in-a-lifetime opportunity to join a leading global wealth manager. It is a firm that I always considered to be a tough competitor and I will add my energy and ideas to the turnaround underway. The domestic Americas business represents an enormous wealth management opportunity for UBS. I see tremendous long-term potential growth for clients, employees and shareholders."

Over a 26-year career at Merrill Lynch, Mr. McCann held a variety of executive leadership positions throughout the firm. Prior to his departure in January 2009, Mr. McCann was President of Global Wealth Management. Previous roles he held during his tenure at the firm included Vice Chairman of the firm's Wealth Management Group, which included Global Private Client and Merrill Lynch Investment Managers. He was also Head of Global Securities Research, Chief Operating Officer of Global Markets and Investment Banking, Head of Global Institutional Sales and Head of Global Equity Trading and Markets.

Mr. McCann received a B.A. in Economics from Bethany College and an M.B.A. from Texas Christian University.

Sergio Marchionne and Peter Voser will not stand for re-election to the Board of Directors of UBS AG

2009-09-29T07:00:00.000+02:00

Sergio Marchionne, senior independent director of the Board of Directors of UBS AG, and Peter Voser will not stand for re-election to the Board of UBS AG at the general assembly of 14 April 2010.

Announcement by Swiss Confederation regarding conversion of UBS mandatory convertible notes and placement of shares

2009-08-19T22:10:00.000+02:00

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Formal signing of settlement agreement relating to the John Doe summons

2009-08-19T16:00:00.000+02:00

Agreement does not call for any payment

Agreement to resolve the John Doe summons

2009-08-12T17:15:00.000+02:00

Today, the US government informed the US District Court of the Southern District of Florida that all parties have reached an agreement to resolve the John Doe summons matter and that they have initialed the final documentation. The hearing scheduled for 17 August will be removed from the court's calendar, and immediately after the formal signing has occurred, the parties will file the agreed upon stipulation of dismissal with the court.

UBS reports a second quarter loss of CHF 1.4 billion; quarter-end BIS tier 1 ratio of 13.2%

2009-08-04T07:00:00.000+02:00

UBS reports a second quarter loss of CHF 1,402 million.

Update on John Doe Summons Litigation

2009-07-31T17:00:00.000+02:00

The US Government has informed the Court in the John Doe Summons matter that the parties have reached an agreement in principle on the major issues and expect to resolve the remaining issues in the coming week. A status conference among the parties has been scheduled for August 7, 2009. At the request of the US and Swiss Governments, we have agreed not to comment further at this time.

The US government and UBS, supported by the Swiss government, agree to 15-day suspension of John Doe summons litigation

2009-07-12T18:40:00.000+02:00

UBS welcomes the announcement that the US and Swiss governments have agreed to negotiations for the purpose of resolving the John Doe summons litigation.

This agreement has resulted in a joint motion by the US government and UBS, with the support of the Swiss government, for a stay of the litigation in Miami for a duration of 15 days in order to achieve a settlement. The parties and the Swiss government will present this motion for the court's approval on Monday morning.

CHF 3.8 billion placement of new shares from authorized capital

2009-06-25T23:16:00.000+02:00

UBS is offering 293,258,050 newly issued shares from authorized capital to a small number of institutional investors at a price of CHF 13.00 per share. After deducting costs associated with the placement, the amount of new equity capital expected to be raised is approximately CHF 3.8 billion.

UBS provides an update on its current trading performance

2009-06-25T23:15:00.000+02:00

Based upon preliminary results for April and May and estimated results for June, UBS expects to incur a net loss for its second quarter 2009. The majority of the expected loss is attributable to own credit and the restructuring charges that have already been announced. The operating result for the quarter is expected to represent an improvement compared with the first quarter of 2009, largely attributable to better market conditions affecting the Investment Bank and a reduction in losses and write downs on legacy risk positions.

UBS appoints Chi-Won Yoon as Chairman & CEO, Asia Pacific

2009-06-25T07:00:00.000+02:00

UBS today announced the appointment of Chi-Won Yoon as Chairman & CEO of Asia Pacific and as member of UBS's Group Executive Board, with immediate effect. Yoon succeeds Rory Tapner who, after 25 years, is leaving UBS.

UBS restates 2008 annual report

2009-05-20T20:00:00.000+02:00

As announced in UBS's first quarter 2009 report published on 5 May 2009, UBS has restated its annual report for 2008, including the financial statements and other information.

UBS reports a first quarter loss of CHF 2.0 billion; quarter-end BIS tier 1 ratio of 10.5%

2009-05-05T07:00:00.000+02:00

UBS reports a first quarter loss of CHF 1,975 million.

UBS names Alex Wilmot-Sitwell and Carsten Kengeter as co-CEOs of its Investment Bank

2009-04-27T07:00:00.000+02:00

Jerker Johansson, CEO UBS Investment Bank, has resigned from UBS with immediate effect.

UBS sells its Brazilian operation "UBS Pactual" for approximately USD 2.5 billion (CHF 2.8 billion)

2009-04-20T07:00:00.000+02:00

Today, UBS announces that it has agreed to sell its Brazilian financial services business, UBS Pactual, for approximately USD 2.5 billion to BTG Investments, headed by André Esteves.

UBS AGM: pre-announcement of key elements of the first-quarter results, further cost-saving measures and strategy

2009-04-15T07:00:00.000+02:00

UBS names Ulrich Körner as Group COO and CEO of Corporate Center

2009-04-01T07:00:00.000+02:00

UBS will integrate its group-wide infrastructure and service functions (IT, Human Resources, Procurement, Real Estate and Facility Management) into Corporate Center and will centralize the management of its control functions (Finance, Risk, Legal and Compliance). Ulrich Körner has been appointed Group Chief Operating Officer and a member of the Group Executive Board with immediate effect. He will lead the Corporate Center in this function and serve on the Group Executive Committee of the bank.

Agenda for the annual general meeting of UBS AG on 15 April 2009

2009-03-19T07:00:00.000+01:00

UBS AG today sent the agenda for the annual general meeting (AGM) of UBS AG on 15 April 2009 to its shareholders. The agenda items are as follows:

UBS to buy back outstanding bonds in a public tender offer

2009-03-19T07:00:00.000+01:00

UBS offers to buy outstanding lower tier 2 debt for up to EUR 1 billion using available cash. The note repurchases would result in a gain that will bolster UBS's tier 1 regulatory capital ratio.

UBS AG announces Board of Directors nominations

2009-03-16T07:00:00.000+01:00

UBS publishes 2008 annual report

2009-03-11T07:00:00.000+01:00

UBS is today publishing its annual report for 2008. The report is available at www.ubs.com/annualreporting.

Peter Kurer will not stand for re-election as Chairman of the UBS Board of Directors - Kaspar Villiger is nominated for election as Chairman of the UBS Board of Directors

2009-03-04T07:00:00.000+01:00

Peter Kurer, Chairman of the UBS Board of Directors, has decided not to stand for re-election at its Annual General Meeting on 15 April 2009. The UBS Board of Directors is nominating Kaspar Villiger as a candidate for the role of Chairman.

UBS appoints Oswald J. Grübel as Group Chief Executive Officer

2009-02-26T07:00:00.000+01:00

UBS announced today that the Board of Directors has appointed Oswald J. Grübel as its new Group Chief Executive Officer with immediate effect. This represents a further step to restore stakeholder confidence and to pave the way back to success.

Reaction of UBS regarding today's communiqué from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg

2009-02-25T20:00:00.000+01:00

UBS took notice of the communiqué and will defend itself vigorously

UBS settles US Cross-Border Case with the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC)

2009-02-18T23:45:00.000+01:00

UBS is resolving investigations relating to its US cross-border business by entering into a Deferred Prosecution Agreement (DPA) with the US Department of Justice (DOJ) and a Consent Order with the US Securities and Exchange Commission (SEC).

Preparing UBS for the new market environment

2009-02-10T07:00:00.000+01:00

UBS announced today structural changes to adjust to new market conditions and the changing environment. UBS created two new business divisions: Wealth Management & Swiss Bank under the leadership of Franco Morra and Juerg Zeltner, and Wealth Management Americas, led by Marten Hoekstra. Each of the three executives is a member of the Group Executive Board. The new structure re-focuses UBS on its Swiss core businesses, on the large scale and strengths of its international wealth management franchise in Switzerland, and on the growth potential of its on-shore business globally. The Investment Bank has made substantive progress in de-risking and de-leveraging its balance sheet, and its overall structure has been greatly simplified. Achievable targets have been set for 2009 for further reducing headcount and for use of balance sheet and overall risk. UBS confirmed the Board of Directors' and the Group Executive Board's commitment to each of UBS's business divisions and strategy. Despite difficult market conditions, UBS has made substantial progress in adjusting its operations and has prepared itself for the new market environment.

UBS reports a fourth quarter loss of CHF 8.1 billion; excluding certain substantial items, adjusted net operating results (pre-tax) were negative CHF 2.8 billion

2009-02-10T07:00:00.000+01:00

Year-end tier 1 capital ratio of 11.5%

UBS Investment Bank Enters into Agreement with AIG to Acquire the Commodity Index Business of AIG Financial Products Corp

2009-01-19T07:00:00.000+01:00

The Equities business of UBS Investment Bank announced today that it has entered into a binding agreement to purchase the commodity index business of AIG Financial Products Corp, including AIG's rights to the DJ-AIG Commodity Index. This commodity index business is comprised of a product platform of commodity index swaps and funded notes based on the benchmark Dow Jones-AIG Commodity Index (DJ-AIGCI).

The purchase price for the transaction is $15 million, payable upon closing, and additional payments of up to $135 million over the following 18 months based upon future earnings of the purchased business. The closing is subject to a number of regulatory and other conditions. No assurances can be given that any such conditions will be satisfied.

The transaction is expected to close by May 2009.

UBS AG announces sale of Bank of China stake

2008-12-31T10:00:00.000+01:00

Statement On Indictment Of UBS Executive

2008-11-12T22:00:00.000+01:00

UBS confirmed today that Raoul Weil, Chairman and CEO of UBS Global Wealth Management and Business Banking and a member of the Group Executive Board, has been indicted by a Federal grand jury sitting in the Southern District of Florida in connection with the ongoing investigation of UBS's US cross-border business by the United States Department of Justice. Raoul Weil was previously head of UBS Wealth Management International from 2002 to 2007.

Mr. Weil has determined that, in the interest of the firm and its clients, and in order to defend himself, he will relinquish his duties at this time pending the resolution of this matter. On an interim basis, Marten Hoekstra, currently Deputy CEO of Global Wealth Management & Business Banking and Head of Wealth Management US, will assume Mr. Weil's duties.

As announced on July 17, 2008, UBS will cease providing cross-border private banking services to US-domiciled clients through its non-US regulated units. UBS is fully committed to continuing its efforts to cooperate with the investigation of its US cross-border business and to working in a responsible manner with all relevant authorities towards a satisfactory resolution of this matter.

UBS names Philip Lofts Group Chief Risk Officer

2008-11-04T07:05:00.000+01:00

UBS today announced that Philip Lofts has been named Group Chief Risk Officer and a member of the Group Executive Board, effective immediately. Lofts replaces Joseph Scoby, who has decided to return to his former role as Global Head of Alternative and Quantitative Investments (A&Q) within UBS Global Asset Management.

Lofts most recently served as Deputy Group Chief Risk Officer and Group Risk Chief Operating Officer. A 20 year veteran of UBS, he was previously Group Chief Credit Officer and has held a variety of risk control positions in Europe, the US and Asia-Pacific.

Marcel Rohner, Group Chief Executive Officer said, "Philip's long history in risk control and deep knowledge of UBS make him extremely qualified to lead UBS's risk organization and continue to enhance our risk management, control and reporting frameworks and processes."

Scoby, who will step down from the Group Executive Board with immediate effect, has served as Group Chief Risk Officer since October 2007.

Rohner continued, "We are very grateful to Joe for his instrumental role in reducing our risk positions and increasing the transparency of our portfolio over the last 12 months. He has successfully led our risk control function through a period of exceptional market difficulty and created a new risk organization that will serve us well in the future."

UBS reports third quarter profit of CHF 296 million

2008-11-04T07:00:00.000+01:00

UBS further materially de-risks balance sheet through transaction with Swiss National Bank

2008-10-16T07:00:00.000+02:00

UBS to raise CHF 6 billion of new capital through mandatory convertible notes, fully placed with Swiss Confederation

The Swiss National Bank (SNB) and UBS have reached an agreement to transfer up to USD 60 billion of currently illiquid securities and other assets from UBS's balance sheet to a separate fund entity.

With this transaction, UBS caps future potential losses from these assets, secures their long-term funding, reduces its risk-weighted assets, and materially de-risks and reduces its balance sheet.

This transaction allows the SNB and shareholders of UBS to participate in the recovery potential of the entity's assets once the loan is fully repaid.

The solution significantly reduces the uncertainty for UBS shareholders and clients and contributes to the stability of the financial system by ensuring an orderly sale of these assets.

The fund will be capitalized with up to USD 6 billion of equity capital provided by UBS and a non-recourse loan in the maximum amount of USD 54 billion provided to the fund by the SNB. The entity will be controlled by the SNB. UBS will sell its equity interests to SNB for USD 1 and will have an option to repurchase the equity once the loan is fully repaid for a purchase price of USD 1 billion plus half of the equity value exceeding USD 1 billion.

To fund its equity contribution, and at the same time maintain its strong capital position, UBS can raise CHF 6 billion of new capital in the form of mandatory convertible notes (MCN). The MCN has been fully placed with the Swiss Confederation.

UBS announces repositioning of its Investment Bank

2008-10-03T07:00:00.000+02:00

Business model builds on core strengths and client franchises in the Securities and Advisory businesses, while downsizing or exiting certain businesses; recalibration to the market environment.

UBS today announces the repositioning of its Investment Bank following a detailed review of the strategy by the Chairman and CEO of the Investment Bank, Jerker Johansson, members of the Group Executive Committee and the UBS Board of Directors.

The Investment Bank will reprioritize its business portfolio to preserve its core strengths and client franchises across Equities, IBD and FICC, while downsizing or exiting certain business activities. This will lead to greater efficiencies and a further reduction in the Investment Bank's headcount and balance sheet.

"The ongoing crisis in the financial markets and dramatically changed industry dynamics require us to recalibrate our business. While the revenue outlook is uncertain, these measures will allow us to focus on our strengths, reduce the cost base to a more sustainable level and position our core businesses for growth once fundamentals improve," said Jerker Johansson, Chairman and CEO of UBS Investment Bank.

Strategic priorities

As part of the repositioning, UBS Investment Bank will take the following steps:

UBS holds EGM: key messages from Chairman

2008-10-02T07:00:00.000+02:00

At the Extraordinary General Meeting in Basel today, UBS Chairman Peter Kurer will give a speech highlighting the following key messages:

UBS says costs of closing out LEH exposures below $300m

2008-09-16T17:10:00.000+02:00

UBS is aware of a recent research report circulating in markets regarding its exposure to the Chapter 11 filing by Lehman Brothers. UBS confirms that its direct and counterparty exposures to Lehman Brothers, net of hedges, are now substantially closed out. UBS does not expect the total cost of closing out its exposures to Lehman Brothers to exceed $300m.

UBS reports second quarter loss of CHF 358 million

2008-08-12T07:00:00.000+02:00

UBS announces repositioning of the Bank to allow maximum strategic flexibility in its future development

2008-08-12T07:00:00.000+02:00

UBS will separate its business divisions into three autonomous units and vest them with increased operational authority and accountability.

UBS announces Board of Directors nominations and appointments to the Group Executive Board

2008-08-12T07:00:00.000+02:00

Sally Bott, Rainer-Marc Frey, Bruno Gehrig and William G. Parrett proposed as candidates for election to the Board of Directors of UBS AG at the EGM of 2 October 2008.

UBS announces comprehensive settlement, in principle, for all clients holding auction rate securities at the estimated cost of USD 900 million

2008-08-08T19:30:00.000+02:00

UBS announced today a settlement, in principle, with the New York Attorney General (NYAG), the Massachusetts Securities Division, the Securities and Exchange Commission (SEC) and other state regulatory agencies represented by North American Securities Administrators Association (NASAA) to restore liquidity to all remaining clients' holdings of auction rate securities (ARS).

Under the agreement in principle, UBS has committed to purchase a total of USD 8.3 billion of ARS, at par, from most private clients during a two-year time period beginning January 1, 2009. Private clients and charities holding less than USD 1 million in household assets at UBS will be able to avail themselves of this relief beginning Oct. 31, 2008. From mid-September, UBS will provide loans at no cost to the client for the par value of their ARS holdings.

In addition, UBS has also committed to provide liquidity solutions to institutional investors and will agree from June 2010 to purchase all or any of the remaining USD 10.3.billion, at par, from its institutional clients. Today's news is in addition to the firm's recently announced intention to repurchase USD 3.5 billion of tax-exempt Auction Preferred Stock.

"Today's solution provides further relief, beginning in September, to investors who have been understandably frustrated by the industry-wide failure of the ARS market. Our leading position in supporting the market and providing liquidity is clear, and now, we are the first firm to give all clients -- private, corporate and institutional the opportunity to be made whole," said Marten Hoekstra, Head of UBS Wealth Management Americas.

"Since the breakdown in the market, UBS clients have been offered multiple liquidity options. They have been able to borrow 100 percent against the value of their holdings. The solutions announced today provide our clients with the widest range of choices in the industry, including a two-year window during which clients can either continue to earn interest or redeem their ARS at any time," Hoekstra added.

The firm has also agreed to pay a fine of USD 150 million - USD 75 million to the state of New York and USD 75 million to other state regulatory agencies. UBS neither admits nor denies allegations of wrongdoing.

The full cost of the proposed settlement, taking into account the projected redemption patterns of clients, the difference between the purchase prices and the current market value of client ARS holdings, and the regulatory fine related to the settlements, is estimated to be in the range of USD 900 million on a pre-tax basis, to be booked in the second quarter results. This includes reimbursements to all clients for losses incurred from sales of ARS holdings between Feb. 13 and Aug. 8, 2008.

A provision for the costs of this settlement will be included in the firm's second quarter financial results, which will be announced on Aug.12, 2008.

Results, including this settlement, for UBS AG for the second quarter will be consistent with guidance given by the firm on July 4, 2008.

UBS statement of Mark Branson before the permanent Subcommittee of Investigation

2008-07-17T00:00:00.000+02:00

UBS representative Mark Branson, Chief Financial Officer of Global Wealth Management & Business Banking, today testified at a US Senate Subcommittee hearing. The title of the hearing was "Tax Haven Banks and US Tax Compliance".

UBS announces estimated results for second quarter

2008-07-04T07:00:00.000+02:00

UBS announces that its results for the second quarter ended June 30, 2008, which will be released as planned on August 12, are likely to be at or slightly below break-even.

UBS establishes new Corporate Governance and calls an Extraordinary General Meeting to elect four new members to the Board of Directors

2008-07-01T07:00:00.000+02:00

• New Corporate Governance guidelines to come in to force immediately

• Stephan Haeringer, Rolf Meyer, Peter Spuhler and Lawrence Weinbach to resign in October 2008

• Extraordinary General Meeting (EGM) scheduled for 2 October 2008

• Nominations of the new Board members to be announced in good time before the EGM

• Sergio Marchionne to become Senior Independent Director and to continue as non-executive Vice Chairman

UBS AG successfully completes its rights offering

2008-06-13T07:00:00.000+02:00

UBS AG has successfully completed its CHF 15.97 billion rights offering, which was approved by its shareholders at the Annual General Meeting on 23 April 2008.

UBS AG announces final terms of the announced rights issue

2008-05-22T07:00:00.000+02:00

The Board of Directors of UBS AG has determined the final terms of the public offering of 760,295,181 new shares, which will be subject to the subscription rights of existing shareholders (the "rights issue"). The rights issue was fully underwritten by a syndicate of banks on 1 April 2008 and the related capital increase was authorized by the shareholders of UBS AG on 23 April 2008. Shareholders will be allotted one subscription right for each existing share held. The exercise of 20 subscription rights will entitle the holder to subscribe for 7 new shares at a subscription price of CHF 21.00 per new share.

UBS Completes the Sale of USD $15 Billion of U.S. Real Estate Related Assets to BlackRock

2008-05-21T07:00:00.000+02:00

UBS has continued its commitment to Asian golf, announcing contract extensions for its two flagship tournaments that will take partnerships in key markets Hong Kong and Japan into 2009.

UBS reports first quarter loss of CHF 11,535 million, in line with 1 April 2008 pre-announcement

2008-05-06T07:00:00.000+02:00

Pre-announcement of first quarter 2008 estimated net loss of approximately CHF 12 billion

2008-04-01T07:00:00.000+02:00

Fully underwritten rights issue of approximately CHF 15 billion to strengthen Tier 1 capital Creation of separate unit to manage selected US real estate related positions Marcel Ospel not to seek re-election at Annual General Meeting, to be succeeded as Chairman by Peter Kurer (separate media release)

Marcel Ospel will not be standing for re-election to the Board of Directors of UBS.

2008-04-01T07:00:00.000+02:00

Peter Kurer is nominated for election to the Board and is proposed as Chairman.

UBS publishes 2007 annual report

2008-03-18T07:00:00.000+01:00

UBS is today publishing its latest annual report - a set of four themed reports providing comprehensive information on UBS, its business, governance and financial performance. The report is available at www.ubs.com/annualreporting.

New term of office regulation and appointments in the Board of Directors of UBS

2008-02-21T07:00:00.000+01:00

The Board of Directors of UBS will propose to the Annual General Meeting that the terms of office of Board members be reduced to one year. Marcel Ospel, Peter Voser and Larry Weinbach will be proposed for re-election for a one-year term. Sergio Marchionne is appointed non-executive Vice Chairman of the Board of Directors. Peter Voser will take over as Chairman of the Audit Committee from Larry Weinbach.

UBS reports full-year 2007 loss of CHF 4,384 million and fourth quarter loss of CHF 12,451 million, in line with announcement on 30 Jan. 2008

2008-02-14T07:00:00.000+01:00

UBS Appoints Jerker Johansson as Chairman and Chief Executive Officer of the Investment Bank

2008-02-13T07:00:00.000+01:00

To strengthen the management structure of the firm, UBS announces three appointments to the Group Executive Board (GEB): Robert Wolf, Chairman and CEO, UBS Group Americas and President and Chief Operating Officer, Investment Bank; Alexander Wilmot-Sitwell, Joint Global Head, Investment Banking Department, UBS Investment Bank and Marten Hoekstra, Head of Wealth Management, Americas.

UBS pre-announces full-year and fourth quarter 2007 results

2008-01-30T07:00:00.000+01:00

UBS will report a net loss attributable to shareholders of approximately CHF 4.4 billion for full-year 2007.

UBS strengthens capital base and adjusts valuations

2007-12-10T07:00:00.000+01:00

UBS has introduced measures to substantially strengthen its capital position, adding CHF 19.4 billion of BIS Tier 1 capital. These include an issue of CHF 13 billion of new capital. This has been placed with two strategic investors: Government of Singapore Investment Corporation Pte. Ltd. (GIC), with CHF 11 billion, and an undisclosed strategic investor in the Middle East with CHF 2 billion. At the same time, UBS has revised key input parameters of the models that are used to estimate lifetime default and resulting losses for sub-prime mortgage pools. As a result of these revisions, UBS will write down its US sub-prime holdings by approximately a further USD 10 billion. After these actions, UBS projects a strong BIS Tier 1 ratio of above 12%.

UBS exposure to subprime market (Q3 2007)

2007-10-30T07:00:00.000+01:00

Supporting this initiative underlines UBS's commitment to the arts in Singapore and Asia Pacific and further enhances the firm's partnerships globally with orchestral music.

UBS re-confirms Group third quarter pre-tax loss in line with CHF 600 - 800 million range given on 1 October 2007

2007-10-29T07:00:00.000+01:00

UBS confirms the expected pre-tax loss and gives a business outlook for the fourth quarter.

UBS to acquire Caisse Centrale de Réescompte Group

2007-10-24T07:00:00.000+02:00

UBS announced today that it has agreed to acquire 100% of the Caisse Centrale de Réescompte Group from Commerzbank for a total consideration of approximately EUR 435 million. The transaction is expected to close in the first quarter of 2008, subject to regulatory approvals.

UBS writes down positions, predicts an overall loss in third quarter, and reorganizes management

2007-10-01T07:00:00.000+02:00

Following a write down of positions in fixed income, rates and currencies (FIRC), mainly related to deteriorating conditions in the US sub prime residential mortgage market, UBS is likely to record an overall Group pre-tax loss of between CHF 600 million and CHF 800 million for third quarter, ended September 30. Pre-tax profits for the first nine months of 2007 will be in the order of CHF 10 billion. Marcel Rohner, Group CEO, will reorganize senior management, take over as Chairman and CEO of the Investment Bank, and accelerate structural improvements to the firm.

UBS reports second quarter result of CHF 5,622 million

2007-08-14T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 5,622 million, up 79% from the same period a year earlier and 72% higher than first quarter 2007. -This includes a CHF 1,926 million post-tax gain from the sale of the 20.7% stake in Julius Baer and a charge of CHF 229 million after tax related to the closure of Dillon Read Capital Management (DRCM) - Including these two items, attributable profit from the financial businesses from continuing operations was CHF 5,152 million, with return on equity at 33.0%, diluted EPS of CHF 2.69, and a cost/income ratio of 62.0% - Excluding these two items, attributable profit from the financial businesses from continuing operations would have been CHF 3,455 million, up 14% from the same period a year earlier and 9% higher than the record first quarter 2007 performance - Excluding the same items, diluted EPS from continuing operations was CHF 1.84, return on equity 29.8% and the cost/income ratio 68.0% - Net new money inflows in second quarter 2007 remained strong. In the wealth management units, inflows totaled CHF 35.2 billion, with strong contributions from all regions

Marcel Rohner appointed Group CEO, effective immediately

2007-07-06T01:10:00.000+02:00

The Board of Directors has appointed Marcel Rohner as UBS's Group Chief Executive Officer, effective today. He succeeds Peter Wuffli, who relinquishes all of his functions at UBS. Raoul Weil will succeed Marcel Rohner as Chairman and CEO of Global Wealth Management & Business Banking. Marcel Ospel will be nominated for another term as Chairman of the Board of Directors once his current term expires.

UBS Global Asset Management purchases 51% of Daehan Investment Trust Management Company

2007-05-11T07:00:00.000+02:00

UBS Global Asset Management has entered into a stock purchase agreement with Daehan Investment & Securities Company Ltd (DI&S) to acquire 51% of Daehan Investment Trust Management Company Ltd (DIMCO), one of Korea's largest asset management companies. Under the joint venture, DIMCO will be known as UBS Hana Asset Management Company Ltd (UBS Hana Asset Management) internationally, and as Hana UBS Asset Management in Korean. The transaction remains subject to regulatory approval.

UBS announces reintegration of Dillon Read Capital Management Portfolios into the Investment Bank. Outside investor funds to be redeemed

2007-05-03T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 3,275 million, down CHF 229 million from the same period a year earlier (first quarter 2006 included a CHF 290 million after-tax gain from sale of Motor-Columbus) - Financial businesses attributable profit from continuing operations of CHF 3,182 million, a new record and up 4% from both first and fourth quarter 2006 - Total UBS net new money was at an all-time high of CHF 52.8 billion, with CHF 44.8 billion inflow from wealth management businesses worldwide - Diluted EPS from continuing operations of CHF 1.62, up 9% from a year earlier, cost/income ratio of 68.1%, down 0.3 percentage points from first quarter 2006 - Return on equity of 28.7%, down from 29.6% a year earlier, still well above UBS's target of a 20% minimum over the cycle - All business groups reported record profits in first quarter

UBS to report First Quarter 2007 Results on May 3rd

2007-04-26T10:03:00.000+02:00

The results will be presented on Thursday, 3 May, by Clive Standish, Chief Financial Officer, and Tom Hill, Chief Communication Officer.

UBS reports 2006 result of CHF 12,257 million and fourth quarter result of CHF 3,407 million

2007-02-13T07:00:00.000+01:00

Full-year 2006 - Net profit attributable to UBS shareholders of CHF 12,257 million, with CHF 11,491 million from continuing operations and CHF 766 million from discontinued operations - Financial businesses' attributable profit from continuing operations at a record CHF 11,249 million, up 19% from 2005 - Total UBS net new money at a record CHF 151.7 billion, with CHF 113.3 billion from wealth management businesses worldwide Fourth quarter 2006 - Fourth quarter attributable profit from continuing operations of CHF 3,145 million, up 19% from the same period a year earlier, with financial businesses contributing CHF 3,055 million, up 18% year-on-year - Total UBS net new money a strong CHF 25.5 billion, with CHF 21.7 billion inflow from wealth management businesses worldwide - Fourth quarter diluted EPS from continuing operations of CHF 1.54, up 20% from a year earlier. Cost/income ratio of 70.6%, down 0.3% from fourth quarter 2005 Dividend, share buyback - Proposed dividend payout of CHF 2.20 a share, up from CHF 1.60 a year earlier (adjusted for last year's 2-for-1 split and excluding the one-time par value repayment for the sale of Private Banks & GAM) - New three-year second line repurchase program with a maximum limit of 10% of shares issued, representing approximately CHF 16 billion at current share price level

UBS to report Fourth Quarter 2006 Results on February 13th

2007-02-06T21:30:00.000+01:00

The results will be presented on Tuesday, 13 February by Peter Wuffli, Chief Executive Officer, Clive Standish, Chief Financial Officer, and Tom Hill, Chief Communication Officer.

UBS reports third quarter 2006 result of CHF 2,199 million

2006-10-31T07:00:00.000+01:00

- Net profit attributable to UBS shareholders of CHF 2,199 million, down 21% from a year earlier. Net profit from continuing operations was down 15% - Financial businesses contributed CHF 2,114 million to attributable profit from continuing operations, down 16% from the same period a year earlier - Diluted EPS of CHF 1.07 in third quarter 2006, down 13%, or CHF 0.16 from CHF 1.23 a year earlier. Annualized ROE at 25.8% in first nine months of 2006, well above UBS's target of 20% minimum over the cycle - Overall net new money at very healthy CHF 41.9 billion in third quarter, with CHF 26.8 billion inflow from wealth management businesses worldwide - Financial businesses contributed CHF 8,194 million to attributable profit (from continuing operations) in nine months to September, up 20% from CHF 6,845 million a year earlier

UBS reports second quarter 2006 result of CHF 3,147 million

2006-08-15T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 3,147 million, up 47% from a year earlier-Attributable profit from continuing operations of CHF 3,088 million in second quarter, up 49% from a year earlier-Financial businesses contributed CHF 3,032 million to attributable profit, up 51% from the same period a year earlier (from continuing operations) - just 0.5% short of the record achieved in first quarter 2006 -Diluted EPS of CHF 1.48 in second quarter 2006 was up 51% or CHF 0.50 from CHF 0.98 a year earlier. Annualized ROE reached 29.6% in first half 2006-Overall new money was healthy at CHF 36.3 billion in second quarter, with CHF 31.2 billion inflow from wealth management businesses worldwideIn first half 2006, attributable profit from financial businesses was CHF 6,080 million, up 34% from CHF 4,538 million in the same period a year earlier

UBS reports first quarter 2006 result of CHF 3,504 million

2006-05-04T07:00:00.000+02:00

Annual General Meeting of UBS AG

2006-04-19T20:00:00.000+02:00

UBS and Sumitomo Corporation agree on settlement of outstanding litigation relating to copper-related transactions

2006-04-07T08:00:00.000+02:00

On 7th April, UBS AG reached agreement with Sumitomo Corporation to settle the litigation brought by Sumitomo Corporation in 1999 in relation to certain copper-linked transactions in which the former UBS had participated from 1995 to 1996.

Under the settlement, with no admission of wrongdoing, UBS has agreed to pay Sumitomo Corporation JPY10 billion (~USD86 million at the current JPY/USD exchange rate of 117). With the agreement, all claims brought by Sumitomo Corporation in the litigation have been settled. The settlement will be wholly reflected in provisions in UBS Investment Bank's first quarter results.

UBS commences new share buyback program

2006-03-08T07:00:00.000+01:00

On 8 March 2006, following the end of the 2005/2006 share buyback program, UBS launched a new 2006/2007 one. It will also lead to the cancellation of shares. As in previous years, the repurchase will take place over a "second trading line" on virt-x.

UBS reports 2005 result of CHF 9,844 million and fourth quarter result of CHF 2,629 million

2006-02-13T07:00:00.000+01:00

- total 2005 attributable profit, including the gain from the sale of Private Banks & GAM, of CHF 14,029 million

UBS Statement on Settlement of Wage and Hour Litigation

2006-02-09T07:00:00.000+01:00

UBS AG announced today that it has reached agreement in principle to settle class-action wage and hour claims filed in several federal courts on behalf of Financial Advisors and Financial Advisor trainees.

UBS reaches settlement with regulators on trading activity

2006-01-13T07:00:00.000+01:00

UBS AG announced today that UBS Financial Services Inc. has reached a settlement agreement with the New York Stock Exchange, the State of New Jersey and the State of Connecticut with respect to certain short-term trading activity between 2000 and 2002 by clients of several UBS Financial Advisors. As part of the settlement agreement, UBS has agreed to pay $54 million, of which $18 million will be set aside for potentially affected investors and $16 million for investor education and securities-enforcement initiatives.

UBS announces board nominations and executive appointments

2005-12-14T07:00:00.000+01:00

The UBS Board of Directors nominates two candidates for election to the Board at the Annual General Meeting (AGM) on 19 April 2006. The nominees are Gabrielle Kaufmann-Kohler and Joerg Wolle. At the same time UBS announces the appointment of Marcel Rohner as Deputy Group CEO and Rory Tapner, Chairman & CEO Asia Pacific, as a member of the Group Executive Board.

UBS reports third quarter 2005 result of CHF 2,770 million

2005-11-01T07:00:00.000+01:00

• Net profit attributable to UBS shareholders of CHF 2,770 million in third quarter • Financial businesses contributed CHF 2,642 million in third quarter - up 67% from a year earlier and 50% higher pre-goodwill • Best ever quarterly performance, driven by well-balanced revenue growth • Annualized RoE at 29.0%, again well above 15-20% target range, EPS in third quarter of CHF 2.75. • Cost/income ratio at 68.5%, down 4.2 percentage points (pre-goodwill) Net new money at CHF 51.2 billion in third quarter - exceptionally strong, with a record CHF 31.1 billion contribution from wealth management clients worldwide.

UBS signs agreements to sell Motor-Columbus stake

2005-09-30T07:00:00.000+02:00

UBS will sell its 55.6% stake in Motor-Columbus to a consortium of Atel's Swiss minority shareholders, EOS Holding and Atel, as well as to French utility Electricité de France (EDF). Corresponding agreements to this effect have been signed. The sale price has been set at CHF 1.3 billion, resulting in an estimated pre-tax gain for UBS of around CHF 350 million. The transaction must be approved by various national and international authorities and will not be completed until the beginning of 2006 at the earliest.

Senior Management Appointments

2005-09-15T09:00:00.000+02:00

UBS announces senior management appointments

UBS reports second quarter 2005 result of CHF 2,147 million

2005-08-09T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 2,147 million in second quarter - Financial businesses contributed CHF 2,111 million in second quarter - up 9% from year earlier, virtually flat pre-goodwill - In first half 2005, attributable profit from financial businesses was CHF 4,538 million, in line with first half 2004 - Annualized RoE in first half at 28.2%, again well above 15-20% target range, EPS in second quarter of CHF 2.10 -Results show continued strength across the firm, led by strong asset-based revenues in the wealth and asset management businesses -Net new money, at CHF 30 billion in second quarter, was again extremely strong, with a near record CHF 19.2 billion contribution from wealth management clients worldwide.

UBS to report Second Quarter 2005 Results on August 9th

2005-08-02T10:00:00.000+02:00

UBS is pleased to invite you to the presentation of its Second Quarter 2005 results at the UBS Conference Center Grünenhof. The results will be presented on Tuesday, 9 August by Peter Wuffli, Chief Executive Officer, Clive Standish, Chief Financial Officer and Mark Branson, Chief Communication Officer.

UBS first quarter 2005 result of CHF 2,625 million

2005-05-03T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 2,625 million - Financial businesses contributed CHF 2,427 million -- second-best quarterly performance, down CHF 1 million from the record first quarter 2004 - EPS of CHF 2.60 and ROE 32.4% -- both at all-time highs - Revenues resilient, with strong fee and commission income - Net new money was CHF 32.3 billion in first quarter, with a record CHF 21.2 billion inflow from wealth management businesses worldwide.

Results from the Financial Businesses

2005-05-03T00:00:00.000+02:00

At the highest level ever recorded, Wealth Management pre-tax profit in first quarter 2005 was CHF 915 million, up 12% from CHF 818 million in fourth quarter 2004. The result was helped by the fact that goodwill amortization ceased in first quarter 2005. Excluding goodwill, the increase was 10%. The strong result reflected increased asset-based fees from the record invested asset base as well as higher client activity levels. Rising interest income, a reflection of the expansion of margin lending activities, also reinforced revenues. The higher client activity levels helped the gross margin on invested assets to rise to 104 basis points, up 5 basis points from fourth quarter 2004, when the margin was depressed by a number of timing effects.

Net new money in first quarter 2005 was CHF 15.4 billion, up from CHF 6.5 billion in fourth quarter 2004. This intake was the second-best ever, just behind first quarter 2004. The International Clients area recorded CHF 14.5 billion in net new money, driven by a record high inflow of CHF 5.6 billion into the domestic European business and further strong contributions from Asian clients. The Swiss Clients area showed an inflow of CHF 0.9 billion, a clear improvement from the outflow of CHF 0.7 billion in fourth quarter 2004, which was influenced by seasonal withdrawals.

The Business Banking Switzerland unit reported pre-tax profit of CHF 531 million in first quarter 2005, CHF 28 million or 6% higher than in fourth quarter 2004. The result shows the continued tight management of the cost base, with improved credit results reflecting the structural improvement of the loan portfolio in recent years. Total operating income was practically unchanged from fourth quarter 2004.
The loan portfolio, at CHF 139.4 billion on 31 March 2005, was CHF 2.3 billion above the level on 31 December 2004. A strong increase in private client mortgages and slightly increased demand from corporate clients offset the ongoing workout of the recovery portfolio.

Annual General Meeting of UBS AG

2005-04-21T00:00:00.000+02:00

UBS reports 2004 net profit of CHF 8,089 million and fourth quarter net profit of CHF 2,021 million

2005-02-08T07:00:00.000+01:00

- 2004 net profit of CHF 8,089 million, financial businesses contributed CHF 8,044 million -- a record result, up 29% from 2003 - Revenues grew in all categories, pushing the 2004 cost/income ratio for the financial businesses down to 72.6% or 70.2% excluding goodwill - RoE for 2004 was 24.7% or 27.7% excluding goodwill - 2004 EPS of CHF 7.68, up 37% from 2003 or up 34% excluding goodwill - Proposed dividend of CHF 3.00 per share, up 15% from previous year - Net new money of CHF 88.9 billion for the year, with strong CHF 59.4 billion from wealth management businesses worldwide - Fourth quarter net profit of CHF 2,021 million, financial businesses contributed CHF 1,993 million -- the best ever fourth quarter.

UBS reports third quarter net profit of CHF 1,671 million

2004-11-02T07:00:00.000+01:00

- Net profit in third quarter of CHF 1,671 million, Financial Businesses contributed CHF 1,654 million. - Net new money of CHF 20.5 billion in total, with strong CHF 16.7 billion from wealth management clients worldwide. - Solid asset-based revenues, with record management fees, slowdown in trading returns. - Annualized RoE at 24.5% (27.4% excluding goodwill), EPS up 5% from third quarter 2003 (up 7% excluding goodwill). - Cost/income ratio for Financial Businesses, down from previous year, remains near historically low levels.

UBS reports second quarter net profit of CHF 1,974 million

2004-08-10T07:00:00.000+02:00

Second best quarterly performance since 2000, with net profit up 28% from second quarter 2003 - Half-year net profit up 60% at CHF 4,397 million - Excluding goodwill and gain from the sale of US clearing business in 2003*, net profit in second quarter up 24%, and for the first half up 50% - Operating income up 6%, driven by strong fee and commission revenues - Annualized RoE at 26.5% (29.2% excluding goodwill), earnings per share up 37% (32% excluding goodwill and disposal gain in 2003) - Net new money of CHF 16.9 billion in total, with strong CHF 10.4 billion from wealth management clients worldwide.

UBS reports first quarter net profit of CHF 2,423 million

2004-05-04T07:00:00.000+02:00

Best quarterly performance ever, double the result reported in first quarter 2003 (up 100% or 82% before goodwill amortization) - Operating income up 33% with revenue growth in all businesses - Annualized RoE at 29.2% (31.9% before goodwill), and earnings per share up 114% (up 95% before goodwill) -- both at all-time highs - Net new money of CHF 35 billion in total, with record CHF 19 billion from wealth management clients worldwide

Annual General Meeting of UBS

2004-04-15T00:00:00.000+02:00

UBS reports 2003 net profit of CHF 6,385 million and fourth quarter net profit of CHF 1,859 million

2004-02-10T07:00:00.000+01:00

With 2003 net profit of CHF 6,385 million, UBS reports its second most profitable year ever. Excluding goodwill amortization and significant financial events*, net profit rose 33% from 2002. UBS shareholders benefit from a combination of high return on equity, rapid earnings per share growth, a record dividend, and top-tier capitalization. Net new money inflows in the wealth management businesses totaled CHF 50.8 billion in 2003.

UBS reports third quarter net profit of CHF 1,673 million

2003-11-11T07:00:00.000+01:00

With third quarter 2003 net profit of CHF 1,673 million, UBS reports its most profitable quarter in three years. Excluding goodwill amortization, net profit was CHF 1,911 million, up 53% from a year earlier and 2% higher than second quarter. Net new money of CHF 20 billion demonstrates substantial competitive gains. Return on equity for the year has risen to almost 20%.

UBS reports second quarter net profit of CHF 1,639 million

2003-08-13T07:00:00.000+02:00

UBS reports net profit of CHF 1,639 million for second quarter 2003 and CHF 2,853 million for the first half of the year. Before goodwill amortization, net profit in second quarter was up 15% from a year earlier and 29% from first quarter. Positive market developments boosted revenues and profitability in all businesses.

UBS reports first quarter net profit of CHF 1,214 million

2003-05-13T07:00:00.000+02:00

UBS reports net profit of CHF 1,214 million in first quarter 2003, down 11% from the same quarter a year earlier. Before goodwill and excluding the net gain from the sale of Hyposwiss in first quarter 2002, net profit was 7% lower. Despite tough markets, UBS managed to increase shareholder returns by keeping a strong grip on costs and managing capital resources tightly. UBS's wealth management businesses (Private Banking and UBS PaineWebber) achieved strong net new money inflows of CHF 11.1 billion, with a record inflow into the European wealth management initiative.

UBS reports second quarter net profit of CHF 1,331 million

2002-08-13T07:00:00.000+02:00

UBS reports net profit after tax in second quarter 2002 of CHF 1,331 million, down 4% from the second quarter a year earlier and 2% lower than in the first quarter. Pre-goodwill, profit was 5% less than second quarter 2001, but up 4% from the first quarter's pre-goodwill result (adjusted for the disposal of Hyposwiss). Profitability was sustained through strict management of costs, offsetting the market-related decline in revenues. Credit loss expense fell, reflecting the Group's cautious attitude towards risk concentrations.

UBS reports first quarter net profit of CHF 1,363 million

2002-05-14T07:00:00.000+02:00

UBS reports net profit after tax in first quarter 2002 of CHF 1,363 million, 14% less than the same quarter a year earlier but 23% higher than fourth quarter 2001. Pre-goodwill, and adjusted for gains from the sale of Hyposwiss, profit was CHF 1,574 million, 17% less than the same quarter a year earlier but 10% higher than the fourth quarter 2001. Although the market environment remained difficult, revenues continued to recover, showing the benefit of a diverse business mix.

UBS reports full-year net profit of CHF 4,973 million, and fourth quarter net profit of CHF 1,106 million

2002-02-14T07:00:00.000+01:00

UBS reports net profit after tax for 2001 of CHF 4,973 million, 36% less than the previous year. Pre-goodwill, net profit was 28% lower than was achieved in the markedly stronger markets of 2000 (adjusted for significant financial events1). Although UBS is still constrained by the difficult economic environment, its businesses are well positioned with strong client franchises and growing market share. Net new money inflows totalled CHF 102 billion in 2001, with Private Banking contributing CHF 22.5 billion, UBS PaineWebber generating CHF 36.0 billion and UBS Asset Management CHF 34.9 billion.

UBS reports third quarter net profit of CHF 903 million

2001-11-13T07:00:00.000+01:00

UBS reports a third quarter 2001 net profit after tax of CHF 903 million. Pre-goodwill, profit was CHF 1,227 million, 29% lower than last quarter and 44% less than achieved during the more favorable market environment of third quarter 2000. The client business remains solid while broad net new money inflows of CHF 34.9 billion in the quarter, and CHF 80.3 billion for the year-to-date, underscore the value investors place on quality advice.

UBS reports results for second quarter 2001: Net profit after tax CHF 1,385 million.

2001-08-14T07:00:00.000+02:00

UBS reports a net profit after tax of CHF 1,385 million, down 9% compared to the previous quarter and 26% compared to second quarter 2000, once adjusted for goodwill amortization and significant financial events*. The Group's core businesses have delivered stable revenues despite unfavourable market conditions, and continue to improve their competitive position. Net new money flow of CHF 24 billion (CHF 45 billion for the half-year) was positive across all businesses.

UBS reports results for first quarter 2001: Net profit after tax CHF 1,579 million.

2001-05-15T07:00:00.000+02:00

UBS reports a net profit after tax of CHF 1,579 million for the first quarter 2001, down 29% compared to the first quarter 2000, or 19% excluding the goodwill impact of the PaineWebber merger. Business units performed well, despite less favourable economic and market conditions. Clients invested more than CHF 21 billion in net new money.

UBS results for full-year 2000: Net profit after tax CHF 7,792 million.

2001-02-22T07:00:00.000+01:00

UBS reports a record annual result with a net profit for 2000 of CHF 7,792 million. Adjusted for significant financial events, net profit was CHF 8,132 million, representing year-on-year growth of 74%. Also on an adjusted basis and pre-goodwill, earnings per share was CHF 21.83 and return on equity 24.3%. Group assets under management increased by CHF 725 billion to CHF 2,469 billion following the inclusion of PaineWebber.

UBS reports record result for first quarter 2000:

2000-05-25T07:00:00.000+02:00

UBS reports a net profit after tax and minority interests of CHF 2,216 million for first quarter 2000, up 41% over first quarter 1999. Before goodwill amortization, this represents basic earnings per share of CHF 6.04, an increase of 52% over first quarter 1999, and an annualized return on equity of 33.2%. Group assets under management increased CHF 23 billion to CHF 1,767 billion.

UBS: Group results to 30 September 1998

1998-11-17T07:00:00.000+01:00

Group profit before tax was CHF 3,465 million or 30% lower compared with the consolidated nine-month result for 1997. Due to the adverse impact of various items which are exceptional in nature, net profit after taxes and minorities fell by CHF 911 million in the third quarter to CHF 2,600 million (-32%), resulting in di-luted earnings per share of CHF 12.20. If the international financial markets conti-nue to stabilise as in recent weeks, UBS expects a positive fourth quarter. The re-sult for the full year will nevertheless be below first-half net profit.