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Brunswick UBS to adopt single UBS brand in Russia
UBS adopts single UBS brand in Russia after the purchase of Brunswick Capital's 50% stake in Brunswick UBS in August 2004.
London/Moscow, 15 December 2005. Following the purchase by UBS of Brunswick Capital's 50% stake in Brunswick UBS Investment Bank in August 2004, UBS today announced the adoption of the single brand, UBS, for Russia.
The move to the single UBS brand reflects UBS's integrated business model and the 'one firm' approach UBS delivers to its clients. The single UBS brand strategy was implemented across its businesses in 2003.
Marlen Manassov, General Director of UBS Securities in Russia commented: "The re-branding to UBS allows us to offer, in a unified way, the full range of UBS investement services to Russian clients. This is part of the continued investment by UBS to increase its commitment and services to Russian clients and the Russian financial market".
Formed in 1997, the joint venture Brunswick UBS, now UBS, is a premier operator in the Russian securities market, employing 140 people in Moscow, London and New York.
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