What It Does: UBS offers services such as retail banking, investment banking, asset management, private banking, corporate banking, investment management, private equity, finance and insurance, issuance of credit cards, and mortgage loans.
Mission: Their mission is to reimagine the power of finances and people to create a better world for everyone.
Size and Presence: UBS employs around 200 workers across its two offices in the UK.
Best Known For: UBS is widely regarded as the largest private bank in the world. This bank has a strong presence in every major financial center. The bank is best known for discreet banking and non-negotiable client anonymity. UBS is also known for managing the largest volume of privately owned wealth in the world.
The Good Bits: UBS has an inclusive environment that welcomes every kind of employee. The company offers very good employment benefits to its staff. The company supports employee growth.
The Not-So-Good Bits: Career progression may not be as fast as expected.
Looking back to the time of its predecessors, the history of this bank dates back to 1854 when six private banks merged to create Bankverein, a consortium that served as an underwriter for its member banks. Seventeen years later, this institution joined forces with the German Frankfurter Bankverein to form the Basler Banverein, which was a joint-stock company. Between 1885 and 1886. The bank had a merger deal with Zürcher Bankverein and purchased the Basler Depositenbank and the Schweizerische Unionbank. The company then rebranded to Schweizerischer Bankverein in 1917. In English, this was translated to Swiss Bank Corporation. SBC gradually grew in size and asset holdings.
On the other hand, the Union Bank of Switzerland came into existence when Bank in Winterthur merged with Toggenhburger Bank in 1912. In the 1980s, this bank has already established itself as a leading underwriter of European bonds. In late 1997, SBC and Union Bank of Switzerland announced a merger deal. At this time, SBC was the second-largest Swiss bank, while the Union Bank of Switzerland was the third-largest Swiss bank. After the merger, the bank was named UBS. This bank came to the UK during its expansion across Europe.
UBS has fostered a strong professional community of like-minded individuals. The company’s working environment is the right fit for fresh graduates and interns because collaboration and inclusion are some of its hallmarks. The work atmosphere is filled with positivity to encourage employees to give their best. UBS is a respecter of diversity and strives to achieve gender balance in its workforce. 40% of its employees are women, and the company doesn't consider race, religion, sexual status, or cultural background. Every employee has a sense of belonging at UBS.
UBS has an ever-growing talent community. Its Graduate Talent Program is one way to become a part of it. The program is designed to last for 18 months to 2 years and is targeted at recent graduates who want to carve a niche in the banking industry. The program helps freshers to widen their perspectives and gain valuable insight into the banking world. They receive direct mentoring from some of the best banking minds while learning and earning at the same time.
After selecting suitable applicants from the herd, UBS hires the best of the bunch through the following steps;
UBS pays its fresh graduates an average annual salary of £40,000.
Through the Optimus Foundation, UBS has been able to support the Pakistan Relief Fund.
There’s no widely published controversy involving UBS in the UK.