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UBS Wealth Management Americas Commits to Growing its Corporate Employee Financial Services Business
UBS Wealth Management Americas has affirmed its long-term strategic commitment to develop and grow its industry leading Corporate Employee Financial Services (CEFS) business. The CEFS group delivers equity compensation plan services and support for Stock Options, Restricted Grant Awards, Performance Grant Awards, Stock Appreciation Rights and Employee Stock Purchase Plans.
The CEFS group provides a comprehensive offering of financial education programs and various wealth management and executive services for plan participants. These are delivered via a network of specially trained and certified Financial Advisors who help participants understand the value of their benefits and are available to assist them in pursuing their individual wealth management objectives.
"We believe CEFS is central to achieving our goal of being the premier wealth management firm in the U.S." said James D. Price, Co-Head, Wealth Management Advisor Group US. "Continuing to enhance and expand this business allows us to help clients pursue their equity compensation goals and help participants consider their equity awards as a component of their entire wealth management," said Price.
Some of the future enhancements planned include platform service upgrades, enhanced self-service features providing corporate clients more choice and flexibility, increased financial education and executive services programs for participants and an expansion of the Financial Advisor network.
"These enhancements will enable us to build upon our already strong leadership position in the equity compensation plan administration marketplace," said James M. Pierce, Co-Head, Wealth Management Advisor Group US.
Currently, CEFS is known for a number of distinguishing service features such as:
o a choice of full and partial plan administration service models
o a national network of specially certified Financial Advisors to make advice and guidance available to participants through financial education and executive services
o Financial Advisor outreach programs to notify participants of plan related events such as expiring options and new grants
o customized plan reporting and tracking - including a FAS 123(R) reporting tool through sophisticated online Web Administration
o state-of-the art participant website in seven languages with simplified PIN and single sign-on access from company intranet portals
o complete transaction reporting with electronic notifications and alerts
o industry-leading foreign exchange rates
o staff-to-client ratios that are unrivaled in the equity compensation arena.
CEFS has over a decade of experience delivering service to Fortune 1000 companies and their participants across the globe. Currently, CEFS has over 320 employees and nearly 200 CEFS network Financial Advisors in 30 cities; nearly 100 corporate clients; more than 800,000 plan participants.
UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 33% in Switzerland, 16% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
Kris Kagel : +1-212-882-5691
New York, February 6, 2008
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