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The Swiss National Bank and UBS made an agreement to transfer approximately US$60 billion of currently illiquid securities and various assets from UBS to a separate fund entity. [ 160 ] [ 161 ] In November 2008, UBS put US$6 billion (~$8.34 billion in 2023) of equity into the new "bad bank" entity, keeping only an option to benefit if the value ...
In 1997, Yoon joined UBS as Head of Equity Derivatives. He began to oversee Asian Equities in 2004. [6] In March 2008, he was appointed Head of UBS Securities Business at UBS Hong Kong, [7] [8] replacing Kathryn Shih. From June 2009 until November 2010, he served as CEO and Chairman of UBS AG Asia Pacific, [9] succeeding Rory Tapner.
UBS also entered the life insurance business in 1993 establishing UBS Life. UBS formed a joint venture with Swiss Life in 1995, known as UBS Swiss Life. UBS took a 25% ownership position in Swiss Life in exchange for a 50% share in the joint venture. [5] UBS entered the 1990s clearly the largest and most conservative of the three large Swiss Banks.
UnionBank Plaza is an office skyscraper located in Pasig, Philippines.It rises 206 metres (676 feet) [2] from ground level to roof, and is currently the tallest complete building in Pasig, and the 14th-tallest building in the country and Metro Manila as well.
Affinity is one of the early pioneer in Asian buyouts, having started private equity investing in 1998. The team was originally known as UBS Capital Asia Pacific and served as the Asian private equity arm of UBS AG. [2] UBS Capital Asia Pacific was spun out as an independent firm in 2004.
UBS agreed to pay $1.44 billion in penalties to settle allegations of fraud in the sale of residential mortgage-backed securities, the Department of Justice announced on Monday, resolving a case ...
In the early 1970s, S. G. Warburg entered into a U.S. joint venture with Paris-based Paribas (Banque de Paris et des Pays-Bas, prior to the bank's nationalisation in 1982) named Mercury Securities. [ 4 ] [ 5 ] In 1974, S. G. Warburg and Paribas took a 40% interest in A.G. Becker & Co. , a U.S.-based brokerage.
In 2006, the UBS bought Banco Pactual for US$2.5 billion [15] [16] and created UBS Pactual, André Esteves became CEO of all UBS' Latin American operations. Two years later, Esteves left the bank to found BTG Investments with nine other founding partners of UBS and UBS Pactual, including Pérsio Arida, a former president of the Brazilian ...