UBS publishes Annual Report 2009
UBS is today publishing its Annual Report for 2009. The report is available at www.ubs.com/annualreporting
Zurich/Basel, 15 March 2010 - UBS's Annual Report for 2009 provides comprehensive information on the firm, its strategy, business, governance and financial performance. It contains both audited and non-audited information.
The Annual Report 2009 consists of five sections:
Strategy, performance and responsibility
This section provides a description of UBS, its strategy, organizational structure and financial performance for the last two years. It also discusses UBS's standards for corporate behavior and responsibility, outlines demographic trends in its workforce and describes how personnel is managed and developed.
UBS business divisions and Corporate Center
This section provides a description of each business division and their performance for the last two years. In addition, it provides information about UBS's Group-wide shared service and control functions which are centralized in the Corporate Center.
Risk and treasury management
In addition to outlining the principles by which UBS manages and controls risk, this section provides an account of developments in the areas of credit risk, market risk, operational risk and treasury management including funding, capital and balance sheet management during 2009, as well as additional Basel II Pillar 3 disclosures. It also provides information on UBS shares.
Corporate governance and compensation
Comprehensive information on UBS's governance arrangements included in this section summarizes the regulatory and supervisory environment of UBS in its principal locations. Compensation of senior management and guiding principles for compensation practices are discussed in this section as well.
Additionally, you will find a summary of 2009 compensation for the Board of Directors and Group Executive Board at www.ubs.com/governance.
This comprises the audited consolidated financial statements of UBS Group for 2009, 2008 and 2007, prepared according to the International Financial Reporting Standards (IFRS). It also includes the audited financial statements of UBS AG (the parent bank) for 2009 and 2008, prepared according to Swiss banking law. Additional disclosure required by Swiss and US regulations is included where appropriate.
UBS will also file its Annual Report for 2009 on Form 20-F with the US SEC today. The Form 20-F filing contains UBS's complete audited financial statements, in addition to other information, and will be available for viewing and downloading at www.ubs.com/sec-filings.
Hard copies of UBS's Annual Report 2009, the compensation report, and the summary review booklet (which are also online today), will be available from 17 March 2010 onwards and can be requested by contacting UBS - either by telephone, email, online registration or in writing - using the contact details below:
Print & Publications
P.O. Box, CH-8098 Zurich, Switzerland
Tel: +41 44 238 50 15