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UBS INDIA SECURITIES
PRIVATE LIMITED
Swiss business unit network ran to 357 branches with a further 82 branches abroad.
On 3rd November 2000, UBS AG merged with PaineWebber Inc., a full-service securities firm located in New York and founded in 1879.
Today UBS is one of the leading financial firms in the world, serving discerning clients globally.
As an organisation, it combines financial strength with an international culture that embraces change.
An integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses. It is the leading global wealth manager, a top-tier investment banking and securities firm, and one of the largest global asset managers.
UBS Investment Bank is headquartered in London and New York and employs 18,200 people in 34 countries, with its business organised into key distinct areas of equities - fixed income, rates and currencies, and investment banking.With one in nine shares traded globally handled by UBS, it is the leading participant in the global primary and secondary markets for equity, equity-linked and equity derivatives. Its fixed income, rates and currencies business deliver a broad range of products and solutions to corporate and institutional clients in all major markets.
UBS is one of the leading financial firms in the world, with offices in 50 countries and business organised into key distinct areas of equities - fixed income, rates and currencies, and investment banking
Global Overview of UBS AG
UBS AG was created on July 1, 1998, with the merger of Union Bank of Switzerland (based in Zurich) and Swiss Bank Corporation (based in Basel). Swiss Bank Corporation (SBC) was founded in 1872 under the name Basler Bankverein and in 1945 it took over the troubled Basler Handelsbank, one of Switzerland's large banks, founded in 1862.
In the last decade of the twentieth century, SBC strengthened its international orientation again by taking over several foreign finance firms (O'Connor & Associates, Chicago; Brinson
Partners, Inc., Chicago; S.G.Warburg Plc, London).
By 1997, the Swiss network comprised 288 branches with 77 offices outside Switzerland.
Union Bank of Switzerland was created in 1912 by the merger of two regional banks -
Toggenburger Bank, founded in 1863, and Bank in Winterthur, founded in 1862. Like SBC, UBS was a typical representative of Swiss universal banking: focusing on corporate and retail clients and asset managementat home, and on commercial banking for corporate clients abroad. In 1997, the
Company Mode of presence in India Year of entry Key business
UBS India Securities 100 per cent subsidiary 1990 Financial services
Private Ltd
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93 UBS has a presence in 50 countries. 39 per cent
of its employees work in the Americas, 36 per cent in Switzerland, 16 per cent in the rest of Europe and 9 per cent in the Asia Pacific. UBS's financial
businesses employ around 75,000 people globally. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE). UBS is the market leader in retail and commercial banking in the home turf with a complete set of banking and securities services for individual and corporate clients.
UBS in India
UBS has a well-established, growing presence in India, and is one of the top brokers for
international investors investing in Indian equities.
Its Indian arm, UBS India Securities Private Ltd's brokerage and advisory services have been available through the Mumbai office since 1990.The UBS India Service Centre, which provides knowledge services (research and analytics), business process offshoring (transaction and data processing) and IT infrastructure support, was opened in Hyderabad (Andhra Pradesh) in June 2006. It has 500
employees and a new building with the capacity for 1,400 extra seats was opened in Hyderabad in January 2007.
Also in January this year, UBS acquired Standard Chartered's mutual funds management business (having 60 employees) for a total consideration of more than US$ 120 million. At a stroke, the acquisition provided UBS with a strong investment team and a broad, local distribution network throughout India. Unlike many of its competitors, UBS has never entered into a joint venture in India.
The transaction is structured as the acquisition of a 100 per cent interest in Standard Chartered Asset Management Company Private Ltd, as well as Standard Chartered Trustee Company Private Ltd, the manager and trustee, respectively, of the mutual funds offered by the company.
Key Success Factors in India
UBS set up its off-shoring Service Centre in Hyderabad in June 2006, to support its asset management, wealth management and investment banking businesses.The centre provides UBS' businesses with offshore business process services, IT infrastructure support and research and
analytics. UBS' Hyderabad centre will provide the company, increased flexibility to meet its staff requirements, reduce costs, rationalise systems and streamline processes. UBS also plans to
expand its offshore operations in Hyderabad and scale it to 1,000 by end December 2007. Going forward the centre is expected to be a key factor responsible for the company's India operations.
Future Plans
According to the Joint Global Head of UBS Investment Bank, Alex Wilmot-Sitwell, India is one of the most important markets for the bank.
On the lines of its global operations, UBS plans to establish three primary business pillars - investment banking, wealth management and asset management - in India and aims to be among the top three players in each segment.
UBS' India operations
• One of the top brokers for international investors investing in Indian equities
• Provides brokerage and advisory services through its Mumbai office
• UBS India Service Centre, provides knowledge services, business process offshoring and IT infrastructure support
• Recently acquired Standard Chartered's mutual funds management business (having 60
employees) for a total consideration of more than US$ 120 million
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