NORTHBROOK, Ill.--(BUSINESS WIRE)--UBS Private Wealth Management announced today that an eight-person financial advisor team, Hammond Fay Bush & Associates, has joined the firm in Northbrook, Illinois. The team, led by Financial Advisors Jack Hammond, Susan Bush and Brian Fay, manages approximately $1.6 billion in client assets for ultra-high net worth individuals and families. “We’re excited to welcome Jack, Susan, Brian and their team to UBS,” said Michael Gatewood, Chicago Market Executive at UBS Priv ...

UBS chief Sergio Ermotti has warned against over-enthusiastic predictions about the pace at which the world is likely to be changed by developments in artificial intelligence, despite acknowledging the technology will likely change the world faster than any rival innovation in history. Speaking at the World Economic Forum in Davos, the Swiss CEO cautioned that the changes brought about by AI will likely be slower than the most optimistic forecast might suggest, as he argued shifts are likely to be gradual d ...

NEW YORK--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Financial Advisors Joseph J. Guarneri, Steven Kabot, Stefani Bollag, Daniel Russo and Conor Heine will be joining the firm in New York City. Together, their team, GKB & Associates, manages nearly $2 billion in client assets for high-net-worth individuals and families. They will be based in the firm’s office at 1285 Avenue of the Americas, managed by Market Director Kellie Brady. “We’re extremely proud to welcome Joe, Steve, Stefani ...

DENVER--(BUSINESS WIRE)--UBS Private Wealth Management announced today that Montage Financial Group, an advisor team based in the firm’s Denver, Las Vegas and Lincoln offices, has been named to the Forbes America’s Top Wealth Management Teams Private Wealth list for 2023, ranking #37 in the nation. “I am incredibly proud to see this team recognized again as one of the top private wealth teams in the country,” said Michael Gatewood, Market Executive, Chicago Wealth Management and Midwest Private Wealth Ma ...

IRVINE, Calif.--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Financial Advisor Steve Nassau and Senior Registered Client Associate Kristin Landis have joined the firm. The team will be located in the firm’s Orange County/Irvine office, which is part of the UBS Pacific Desert Market. “On behalf of UBS, it is my pleasure to welcome Steve and Kristin to the firm,” said Howard Woo, Irvine Market Director at UBS Wealth Management. “This team brings extensive experience working with high-net ...

A view of the Credit Suisse office in Singapore. Photo: CAROLINE CHIA/REUTERSSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore sa ...

UBS Group AG (NYSE:UBS) Q3 2023 Earnings Conference Call November 7, 2023 3:00 AM ET Company Participants Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Sarah Mackey - Investor Relations Conference Call Participants Stefan Stalmann - Autonomous Research Giulia Miotto - Morgan Stanley Andrew Coombs - Citi Adam Terelak - Mediobanca Flora Bocahut - Jefferies Jeremy Sigee - BNP Andrew Lim - Société Générale Amit Goel - Barclays Benjamin Goy - Deutsche Ban ...

Third quarter 2023 Financial results ...

Financial Report 6M23 FINANCIAL REPORT 6M23 I – CREDIT SUISSE AG RESULTS Credit Suisse AG Wealth Management Swiss Bank Asset Management Investment Bank Capital Release Unit Corporate Center Assets under management II – TREASURY, RISK, BALANCE SHEET AND OFF-BALANCE SHEET Liquidity and funding management Capital management Risk management Balance sheet and off-balance sheet III – CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – UNAUDITED Condensed consolidated financial statements – unaudited Notes to the conden ...