UBS publishes updated timeseries
UBS publishes updated timeseries showing historical financial information for Wealth Management Americas and the Corporate Center reflecting changes to their reporting structures in the third quarter of 2013
Zurich/Basel, 1 October 2013 – Today, UBS publishes updated timeseries containing historical financial information for Wealth Management Americas and Corporate Center in accordance with changes made to the reporting structures of these businesses in the third quarter of 2013. They reflect the transfer of risk management responsibility for the financial investments held in the available-for-sale portfolio previously performed by Wealth Management Americas to Corporate Center – Core Functions in the third quarter of 2013, as outlined in UBS’s second quarter 2013 financial report.
The timeseries also reflect the transfer of loan recovery operations to Corporate Center – Core Functions from Retail & Corporate in the third quarter of 2013, affecting Corporate Center – Core Functions expenses before service allocation to the business divisions and Corporate Center – Non-core and Legacy Portfolio as well as Corporate Center – Core Functions personnel before allocations. Since the expenses and personnel related to the loan recovery operations are fully charged back to Retail & Corporate, expenses and personnel after allocations remain unchanged.
The timeseries of financial information for UBS and its business divisions can be found at www.ubs.com/investors. The numbers contained in these updated timeseries are unaudited.