UBS University opens second China campus in Wuxi
Shanghai, 6 November 2017 – UBS today opened the second UBS University campus in China. Located at the UBS Business Solutions Center (UBS-BSC) in Wuxi, the campus supplements existing UBS University campuses in Asia Pacific in Beijing, Hong Kong, Singapore and India.
"China is a key market for UBS and one in which we will continue to invest. The opening of another campus in China this year further demonstrates our commitment to developing local talent to support business growth. UBS's workforce in China already exceeds 1,000 and we are well on track to achieve our objective of doubling headcount here by 2020,"said Eugene QIAN, Chairman of UBS China Strategy Board.
"UBS Business Solutions Centers provide effective, efficient and innovative solutions to all UBS businesses globally. Since UBS-BSC China began the operation in Wuxi last year, we have expanded both the team and office floor space to 300 employees and 4,700 square meters, respectively, and added new services such as robotic and big data development," said Yan WANG, General Manager of UBS Business Solutions Center (BSC) China.
The Wuxi Campus offers tailor-made training and professional development programs targeting a younger workforce with an average age of 27. An example is the Unveiling `Gen Y Mystery` workshop, which seeks to help senior management better understand and communicate with Gen-Y employees. The Campus also runs an International Talent Exchange Program to help high-potential staff network with other UBS offices.
UBS China also works closely with leading universities to provide development opportunities and platforms for young talent. For the second year, UBS and Fudan University have jointly rolled out the Finance Certificate and Scholarship Program which provides local talent with international insight, professional knowledge and practical skills. Participants completing the program have priority for UBS China's summer internship and graduate talent programs, and, based on performance, outstanding students could qualify for the UBS Scholarship.
Notes for editors
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
In China, UBS has a multi-entity domestic platform which allows it to develop its core businesses – wealth management, asset management and investment bank. The establishment of UBS Securities represents the first time that a foreign entity has been allowed to invest directly into a fully-licensed securities firm. UBS Securities holds 100% stake in UBS Futures Co. Limited. UBS (China) Limited is the wholly foreign owned bank focusing on wealth management business. UBS SDIC Fund Management Co. Ltd is a joint venture with the State Development Investment Corporation in which, for the first time, a foreign partner holds the maximum 49% equity stake. UBS Asset Management (China) Limited in Beijing is engaged in domestic non-securities equity investment management and advisory services. UBS Asset Management (Shanghai) Ltd in the Shanghai Free Trade Zone offers private funds for investing in overseas markets under the Qualified Domestic Limited Partner (QDLP) scheme and onshore fixed income, equity, and multiasset private funds with Private Fund Management license. UBS Business Solutions (China) Co., Ltd provides effective, efficient and innovative solutions to all UBS businesses globally.
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