Latest media releases

This site lists the 20 latest media releases. Please go to the archive for previously published media releases.

May 2008

  1. The Board of Directors of UBS AG has determined the final terms of the public offering of 760,295,181 new shares, which will be subject to the subscription rights of existing shareholders (the "rights issue"). The rights issue was fully underwritten by a syndicate of banks on 1 April 2008 and the related capital increase was authorized by the shareholders of UBS AG on 23 April 2008.Shareholders will be allotted one subscription right for each existing share held. The exercise of 20 subscription rights will entitle the holder to subscribe for 7 new shares at a subscription price of CHF 21.00 per new share.
  2. UBS has continued its commitment to Asian golf, announcing contract extensions for its two flagship tournaments that will take partnerships in key markets Hong Kong and Japan into 2009.

April 2008

  1. Peter Kurer is nominated for election to the Board and is proposed as Chairman.
  2. Fully underwritten rights issue of approximately CHF 15 billion to strengthen Tier 1 capitalCreation of separate unit to manage selected US real estate related positionsMarcel Ospel not to seek re-election at Annual General Meeting, to be succeeded as Chairman by Peter Kurer (separate media release)

March 2008

  1. UBS is today publishing its latest annual report - a set of four themed reports providing comprehensive information on UBS, its business, governance and financial performance. The report is available at www.ubs.com/annualreporting.

February 2008

  1. The Board of Directors of UBS will propose to the Annual General Meeting that the terms of office of Board members be reduced to one year. Marcel Ospel, Peter Voser and Larry Weinbach will be proposed for re-election for a one-year term. Sergio Marchionne is appointed non-executive Vice Chairman of the Board of Directors. Peter Voser will take over as Chairman of the Audit Committee from Larry Weinbach.
  2. To strengthen the management structure of the firm, UBS announces three appointments to the Group Executive Board (GEB): Robert Wolf, Chairman and CEO, UBS Group Americas and President and Chief Operating Officer, Investment Bank; Alexander Wilmot-Sitwell, Joint Global Head, Investment Banking Department, UBS Investment Bank and Marten Hoekstra, Head of Wealth Management, Americas.

January 2008

  1. UBS will report a net loss attributable to shareholders of approximately CHF 4.4 billion for full-year 2007.

December 2007

  1. UBS has introduced measures to substantially strengthen its capital position,adding CHF 19.4 billion of BIS Tier 1 capital. These include an issue of CHF 13billion of new capital. This has been placed with two strategic investors:Government of Singapore Investment Corporation Pte. Ltd. (GIC), with CHF 11billion, and an undisclosed strategic investor in the Middle East with CHF 2 billion.At the same time, UBS has revised key input parameters of the models that areused to estimate lifetime default and resulting losses for sub-prime mortgagepools. As a result of these revisions, UBS will write down its US sub-primeholdings by approximately a further USD 10 billion.After these actions, UBS projects a strong BIS Tier 1 ratio of above 12%.

October 2007

  1. UBS confirms the expected pre-tax loss and gives a business outlook for the fourth quarter.
  2. UBS announced today that it has agreed to acquire 100% of the Caisse Centrale de Réescompte Group from Commerzbank for a total consideration of approximately EUR 435 million. The transaction is expected to close in the first quarter of 2008, subject to regulatory approvals.

July 2007

  1. The Board of Directors has appointed Marcel Rohner as UBS's Group Chief Executive Officer, effective today. He succeeds Peter Wuffli, who relinquishes all of his functions at UBS. Raoul Weil will succeed Marcel Rohner as Chairman and CEO of Global Wealth Management & Business Banking. Marcel Ospel will be nominated for another term as Chairman of the Board of Directors once his current term expires.

May 2007

  1. UBS Global Asset Management has entered into astock purchase agreement with Daehan Investment & Securities Company Ltd(DI&S) to acquire 51% of Daehan Investment Trust Management Company Ltd(DIMCO), one of Korea's largest asset management companies. Under the jointventure, DIMCO will be known as UBS Hana Asset Management Company Ltd(UBS Hana Asset Management) internationally, and as Hana UBS AssetManagement in Korean. The transaction remains subject to regulatory approval.
  2. - Net profit attributable to UBS shareholders of CHF 3,275 million, down CHF 229 million from the same period a year earlier (first quarter 2006 included a CHF 290 million after-tax gain from sale of Motor-Columbus)- Financial businesses attributable profit from continuing operations of CHF 3,182 million, a new record and up 4% from both first and fourth quarter 2006- Total UBS net new money was at an all-time high of CHF 52.8 billion, with CHF 44.8 billion inflow from wealth management businesses worldwide- Diluted EPS from continuing operations of CHF 1.62, up 9% from a year earlier, cost/income ratio of 68.1%, down 0.3 percentage points from first quarter 2006- Return on equity of 28.7%, down from 29.6% a year earlier, still well above UBS's target of a 20% minimum over the cycle- All business groups reported record profits in first quarter

April 2006

March 2006

  1. On 8 March 2006, following the end of the 2005/2006 share buyback program, UBS launched a new 2006/2007 one. It will also lead to the cancellation of shares. As in previous years, the repurchase will take place over a "second trading line" on virt-x.

February 2006

  1. UBS AG announced today that it has reached agreement in principle to settle class-action wage and hour claims filed in several federal courts on behalf of Financial Advisors and Financial Advisor trainees.