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UBS launches Hong Kong Campus of UBS Business University
UBS today officially opened the Hong Kong Campus of the UBS Business University at Li Po Chun Chambers in Sheung Wan, Hong Kong.
Established in response to the increasing demand for financial talent in Hong Kong and the region, the new campus will provide training for employees new to UBS and the industry as well as on-going professional development to existing staff.
The growth of our business and the increasingly sophisticated needs of clients require more educated, qualified employees, said Chi-Won Yoon, Co-chairman and CEO of UBS AG, Asia Pacific. The new campus will go a long ways towards making sure everyone at UBS in Asia is best in class; it also will spur research and innovation.
Yoon noted the university will help put the firm's business strategy into practice by building an integrated, client-centric organization with leaders who communicate clearly and consistently. Our goal is to increase leadership and management abilities while building particular competencies in legal, compliance and risk management, he said.
With its highly-educated talent pool, robust financial services sector and open regulatory environment, Hong Kong is a compelling choice to locate UBS Business University's second campus in Asia. On a more practical level, the facility in Li Po Chun Chambers represents an effective investment for internal training, noted Allen Lo, Country Head of UBS AG Hong Kong Branch.
He continued: An ongoing challenge for finance and banking in the region is the scant availability of talent. At UBS, our commitment to training and career development is a cornerstone of the firm's success and a key differentiator to our competitors. As long ago as 2007 we launched the UBS Wealth Management Campus, a forerunner of the UBS Business University.
Training on the campus is delivered by senior managers as well as external and internal subject experts who seek to promote leadership capabilities and improve professional skills.
In an effort to ensure global and regional alignment, the Business University team is cross-regional and cross-functional and, with staff located in Hong Kong, Singapore, Tokyo, Melbourne, Beijing and Taipei, the offering is delivered locally wherever possible. The UBS Business University serves all business division for their learning and development globally.
Organised along three faculties, Leadership, Advisory, and Finance and Risk, the Business University seeks both to align training and education for UBS employees around the world and promote a culture of continuous improvement and development.
The new facility will augment existing education and conference centres in Schloss Wolfsberg and Seepark Thun in Switzerland as well as the Business University's first campus in Asia located at the historic Command House in Singapore.
Since its launch in 2007, the Singapore campus has delivered around 24,000 training days and approximately 2,000 training events.
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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