UBS Has Assembled The Greatest Team of Financial Experts

UBS Group AG (UBS) Nasdaq recruited a team managing $1.5 billion from  Alliance Bernstein. UBS recruited 17 members of  A Merrill Lynch team that reportedly managed nearly $11 billion in assets.

UBS is the world’s largest and only truly global wealth manager. Shareholders confirmed the re-election of the Chairman and the members of the Board of Directors. They elected Mark Hughes and Nathalie Rachou as new members of the Board. They approved a dividend distribution of USD 0.365 per share and a special dividend reserve of USD 0.365 per share.

Group Chief Executive Officer Sergio P. Ermotti “His career began at Merrill Lynch in 1987, where he held various positions within equity derivatives and capital markets until 2003. In his last two years there, he served as Co-Head of Global Equity Markets and as a member of the Executive Management Committee for Global Markets & Investment Banking. Mr. Ermotti is a Swiss-certified banking expert and is a graduate of the Advanced Management Program at Oxford University.” Source: Click here

Positive Highlights

  • UBS Group Q1 Earnings Rise Y/Y on Higher Revenues.
  • Global wealth management’s operating profit before tax was $1.22 billion, increasing 41% year over year.
  • UBS looks to bring 10-15% growth in profit before tax for its Global Wealth Management division.

UBS Group is setting up a fintech venture capital fund as it seeks to upgrade its technology, Bloomberg reports. Funded by hundreds of millions of dollars of the Swiss bank’s own money, the effort could yield technology that streamlines work for UBS’s financial advisors, who number about 6,500 in the Americas.

Reported by Bloomberg, UBS Group is setting up a fintech venture capital fund to upgrade its technology. UBS Group fintech firms fund will make investments from $10 million to $20 million in dozens of companies.

Top 6 Institutional Holders

Holder  Shares  Date Reported  % Out    Value

UBS Group AG   161,866,451        Mar 30, 2020      4.20%    1,498,883,336

Dodge & Cox Inc               145,287,527        Mar 30, 2020      3.77%    1,345,362,500

Norges Bank Investment Management  143,808,460        Dec 30, 2019       3.73%    1,809,110,426

Massachusetts Financial Services Co.       138,331,661        Mar 30, 2020      3.59%    1,280,951,180

Vanguard Group, Inc. (The)          109,768,656        Mar 30, 2020      2.85%    1,016,457,754

Credit Suisse Ag/              104,279,137        Mar 30, 2020      2.70%    965,624,808

Top 5 Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Dodge & Cox International Stock Fund    117,997,827        Dec 30, 2019       3.06%    1,484,412,663

Vanguard International Stock Index-Total Intl Stock Indx 55,048,104           Oct 30, 2019       1.43%    647,916,184

Artisan International Value Fund               46,517,441           Dec 30, 2019       1.21%    585,189,407

Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund 21,595,310           Dec 30, 2019       0.56%                271,668,999

Dodge & Cox Global Stock Fund 17,534,800           Dec 30, 2019       0.45%    220,587,784 is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.


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