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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 ...
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 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.
The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an asset management company is a company that is engaged primarily in the business of investing ...
The bank also established a UK subsidiary in 1975 and a U.S. subsidiary in 1979 to focus on building the bank's presence in the underwriting of debt and equity securities. [27] Nevertheless, UBS, which had traditionally concentrated its efforts on the domestic Swiss market, was the last of the three largest Swiss banks to establish a branch ...
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company. This top utility is a fantastic idea with multiple business silos and a 2.76% dividend ...
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.
In January 1988, Sants returned to London where he became responsible for the worldwide coordination of research for the UBS investment banking operation. In September 1988, he became Vice Chairman of UBS Phillips & Drew Securities Ltd, renamed UBS Limited in 1993, initially responsible for all equity and equity-linked secondary activities in ...