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Prior to the merger with Swiss Bank Corporation, UBS purchased a group of smaller Swiss banks in 1994 including the Cantonal Bank of Appenzell-Ausserrhoden in 1996, [81] and in 1997 Schröder, Münchmeyer, Hengst & Co. from Lloyds Bank was acquired to improve access to the German investment banking and private wealth management markets. [110]
Things change a bit, however, when you include all types of wealth management, from mutual funds to investment banking, corporate banking and private wealth management. Under this screen, UBS is ...
UBS Global Wealth Management: 2,260.0 2 Morgan Stanley Wealth Management: 1,046.0 3 Bank of America Global Wealth and Investment Management: 1,021.2 4 Credit Suisse Private Banking & Wealth Management: 770.0 5 J.P. Morgan Private Banking: 552.0 6 Citi Private Bank: 460.0 7 BNP Paribas Wealth Management: 413.5 8 Goldman Sachs Private Wealth ...
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Initially the business was given the divisional name "UBS PaineWebber" but in 2003 the 123-year-old name Paine Webber disappeared when it was renamed "UBS Wealth Management USA." [52] The bank would grow considerably in the 2000s, building a large investment banking franchise to compete with the major US and European bulge bracket firms.
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The bank appointed Iqbal Khan as the President of UBS Asia-Pacific, effective 1 September 2024, along with the co-president of the Global Wealth Management (GWM) division.