UBS named 'Best Private Bank' for third consecutive year
UBS has been named ‘Best Private Bank’ by FinanceAsia in the FinanceAsia Achievement Awards 2013 for “demonstrating local as well as global expertise.” Conferred annually, the end-of-year Achievement Awards recognize excellence in finance in Asia.
Recently, UBS was also awarded ‘Best Global Private Bank,’ ‘Best Private Bank in Asia,’ ‘Best Brand in Private Banking’ and ‘Best Performing Private Bank’ by The Banker and Professional Wealth Management in the Global Private Banking Awards 2013. Managed by the Financial Times Group, the Global Private Banking Awards gathers qualitative and quantitative information from private banks.
The Global Private Banking Awards evaluates business and growth strategy, as well as strategic and operational expertise. Among the specific criteria evaluated are client relationship management and how product strategy is adjusted to meet changing investor needs. Submissions are judged by a panel of eight industry professionals and supported by the ‘Private Banking Benchmark Study’ carried out by the Scorpio Partnership.
These latest awards follow closely after UBS was named ‘Best Private Bank Globally 2013’ (Euromoney Private Banking and Wealth Management Survey); ‘Best Global Wealth Manager 2013’ (Euromoney Awards for Excellence); and ‘Outstanding Global Private Bank 2013’ by Private Banker International.
This continued recognition by independent industry professionals, as well as our peers, acknowledges the strength of UBS’s wealth management franchise in Asia Pacific and globally, and is a clear recognition of our commitment to our clients. UBS will work continuously to help clients preserve and grow their wealth, and achieve their objectives.
S.E.A. of Luxury for UBS guests
UBS took part in the prestigious S.E.A. of Luxury Conference in November, held for the first time in Singapore. Hosted by the International New York Times’ iconic International Fashion Editor Suzy Menkes, the conference explored the growing influence of Southeast Asia in the luxury market – as both creator and consumer.
UBS guests were invited to an exclusive dinner at Gardens by the Bay, meeting famous speakers such as Ermenegildo Zegna, CEO of the Ermenegildo Zegna Group, Domenico De Sole, President of Tom Ford International, Anya Hindmarch, Founder and Fashion Designer of Anya Hindmarch, and Anna Sui, Founder and Fashion Designer of Anna Sui.
Patricia Enslow, Head of Marketing Asia Pacific, UBS Wealth Management commented: “This was a unique opportunity to collaborate with the International New York Times to bring the Luxury Conference to Asian shores for the first time. The collaboration provided our guests with an opportunity to network with influential creative and commercial leaders within the luxury and fashion sector.”
Supporting Typhoon Haiyan relief efforts
In response to the devastation in central Philippines caused by Typhoon Haiyan, UBS announced that it will match client donations to the UBS Optimus Foundation – UBS’s independent grant-making foundation – up to a total of CHF 3 million.
With an initial seed funding of CHF 250,000 from UBS, the foundation will work with partners in the affected areas with a specific focus on meeting the needs of children.
A Wealth Management client event in the Philippines also provided a further major fund-raising opportunity. This unique partnership approach demonstrates UBS’s strong commitment to respond to critical needs swiftly and creatively, in areas where we do business.
In addition, UBS will match all employee donations to the local chapters of the Red Cross, our global partner for disaster relief. Employees in Switzerland, Germany and Hong Kong may also choose to donate to the UBS Optimus Foundation to support their Philippines program.
In a show of solidarity, the UBS Equities team in Manila has committed to donate a day’s trading commissions to the Philippines National Red Cross.
Sergio P. Ermotti, UBS Group Chief Executive Officer said: “We offer our deepest sympathy to all those who have been affected by this terrible natural disaster. I am proud of the way our employees around the globe have stepped up to help those impacted, and hope that the firm’s support and employee and client contributions will go some way towards relieving the suffering of those affected, and help speed up the rebuilding and recovery efforts. While it will take a long time before these areas recover fully, we will continue to provide targeted support for sustainable community regeneration.”
Supporting our Community
In October, Singapore Minister for Education Heng Swee Keat participated in a stage performance at the SHINE Auditorium with special education students. The concert was presented by UBS Singapore and co-organized by the Community Foundation of Singapore.
A musical and art exhibition that featured film, music, dance, drama and visual arts, ‘Courage’ was performed by 70 students aged between 8 and 16. They were joined on stage by 12 children of UBS employees.
‘Courage’ celebrated the students’ learning journey while preparing for the musical, and was a culmination of a 14-week structured Diversity in Abilities arts programme fully sponsored by UBS AG, as part of its commitment to investing in the community.
Said Edmund Koh, Singapore Country Head and CEO of UBS Wealth Management Southeast Asia & APAC Hub: “UBS has been in Singapore for nearly 40 years, and our community investments focus on education and entrepreneurship. The Diversity in Abilities arts programme is one such initiative. We hope that through our investment in these various initiatives, we can make a contribution to the success of Singapore as a community.”
More than 20 UBS employees also volunteered as make-up artists, receptionists, ushers and auctioneers. As part of the students’ pay-it-forward efforts, the visual art pieces were auctioned and all proceeds will go towards the President’s Challenge 2013.