Definition of Ubs ag

UBS AG ( NYSE: UBS; SWX: UBSN; ) is a diversified global financial services company, with its main headquarters in London and New York. It is the world's largest manager of private wealth assets,, "the world's biggest manager of other people's money" and is also the second-largest bank in Europe, by both market capitalisation and profitability. UBS has a major presence in the U.S., with its American headquarters located in Manhattan (Investment Banking); Weehawken, New Jersey (Private Wealth); and Stamford, Connecticut (Capital Markets). UBS's retail offices are located throughout the United States, and in over 50 other countries. UBS is an acronym, which originated from a predecessor firm, the Union Bank of Switzerland, however UBS ceased to be considered a representational acronym after its 1998 merger with Swiss Bank Corporation.