Wealth Management & Swiss Bank
Commencing first quarter 2010, we will amend our internal reporting of Wealth Management & Swiss Bank and present in our external financial reports two separate business units:
– “Wealth Management” will encompass the domestic and international wealth management business conducted in Switzerland, and all wealth manage ment businesses of our other booking centers in Asia and Europe.
– “Retail & Corporate” will include services provided to Swiss retail private clients, small businesses, as well as corporate and institutional clients.
In 2009, we integrated our Groupwide shared service and control functions into the Corporate Center. Headcount and costs of the centralized functions are re-allocated to the business divisions for which the respective services are performed. Accordingly we will change the quarterly disclosure commencing first quarter 2010 as follows:
– We will continue to provide Corporate Center income statement data and additional information on www.ubs.com/ investors.
– Significant items and treasury-related income data will be explained in the “Group results” section in our quarterly reports, which will no longer include a specific “Corporate Center” section.