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.
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