Recent events
Recent events tied to this brand in public sources.
Back to profile22 entries · Page 1 of 2
2026
Cleros Wealth Partners launches as an independent RIA
Cleros Wealth Partners launched as an independent registered investment advisor after a Fort Worth advisory team broke away from UBS. The firm is backed by a minority investment from Elevation Point.
2026
UBS reports third-quarter 2026 earnings
UBS reported third-quarter pretax profit of almost $3.6 billion, up 27% year over year, with strong inflows into its global wealth management business.
2022
UBS agrees to acquire Wealthfront
UBS agreed to acquire Wealthfront for $1.4 billion in an all-cash deal. The transaction was expected to close in the second half of 2022.
2022
UBS launches multicultural investor program
UBS launched its Multicultural Investors Strategic program, providing financial advisors with research, access to racial equity investing products, and discussion guides for Black, Latino, and Asian American prospects with at least $1 million in investable assets.
2021
UBS agrees to sell its Spain wealth management business
UBS agreed to sell its wealth management business in Spain to Madrid-based Singular Bank. The reported transaction includes about €14 billion in assets, 218 employees, client relationships, products and services, and excludes UBS's Spanish asset management and investment banking businesses. Completion was expected in the third quarter of 2022, subject to regulatory approval.
2021
Hong Kong regulator fines UBS for regulatory breaches
Hong Kong’s Securities and Futures Commission fined UBS and UBS Securities Asia for regulatory breaches, including failures involving disclosure of financial interests, structured-note risk disclosures, recording order instructions and client authorisations. The SFC said UBS failed to act with due skill and care. UBS said it had strengthened internal controls and systems, and offered to compensate affected clients regarding structured-note disclosures.
2021
UBS settles SEC action over ETP sales compliance failures
The SEC filed a settled action against UBS Financial Services over compliance failures related to sales of a volatility-linked ETP. UBS agreed to a censure and to pay disgorgement, interest and an $8 million civil penalty, without admitting or denying the SEC’s findings.
2021
UBS restructuring to cut jobs across business units
UBS began a restructuring process that could eliminate hundreds of jobs across its investment bank, wealth management and Swiss business, with the stated aim of saving around $1 billion over three years.
2021
G Squared Ascend I prices its IPO
G Squared Ascend I announced the pricing of its upsized initial public offering of 30 million units at $10 per unit, for aggregate gross proceeds of $300 million.
2021
Trader sues UBS over alleged workplace-related mental-health harm
UBS trader Simon Rope sued the bank, alleging that a toxic London work environment and punishing workload caused his anxiety disorder and inability to work. UBS denied negligence and breaching its duty of care; the source says the court documents were filed in February but does not specify the year.
2020
UBS adopts Refinitiv advisor platform
UBS Wealth Management is moving its financial advisors from Thomson One to Refinitiv’s web-based Workspace for Financial Advisors suite, which is available through UBS’s existing workstation.
2020
UBS settles SEC charges over municipal bond allocation rules
UBS's American arm paid more than $10 million to settle charges with the SEC. The regulator said UBS Financial Services circumvented retail investors' priority in certain municipal bond offerings by improperly allocating bonds to flippers; UBS did not confirm or deny breaching the rules.
2020
UBS agrees to pay more than $10 million to resolve SEC charges
UBS Financial Services agreed to pay more than $10 million to resolve charges that it circumvented retail-investor priority in certain municipal bond offerings. The SEC said UBS violated retail order period restrictions by allocating bonds intended for retail customers to customers who resold them to broker-dealers at a profit.
2020
UBS launches China 360 research platform
UBS Investment Bank Research announced the launch of UBS China 360, a research platform for clients that uses UBS Evidence Lab data and connects macroeconomic and industry themes.
2020
Aspiration secures $135 million in Series C funding
Aspiration announced that it secured $135 million through its Series C funding round, led by Alpha Edison with participation from UBS.
2020
UBS names Ralph Hamers as Group CEO
UBS announced that it had named Ralph Hamers as its new Group Chief Executive Officer, effective 1 November 2020.
2020
UBS launches wealth-management client app
UBS launched a new iPhone app for wealth-management clients, with tools for managing personal cash and bank-related activities and one-click connections to financial advisers.
2020
UBS launches redesigned financial services app
UBS Wealth Management USA launched a redesigned UBS Financial Services iPhone app with features including financial milestones, enhanced account management and a more holistic view of clients’ finances.
2019
MAS fines UBS for deceptive pricing practices
The Monetary Authority of Singapore imposed a S$11.2 million fine on UBS after finding that its client advisors deceived customers about prices for over-the-counter bonds and structured products. UBS admitted liability and paid the civil penalty.
2019
Hong Kong regulator fines UBS for client overcharging
Hong Kong’s Securities and Futures Commission fined UBS HK$400 million after finding that the bank overcharged clients between 2008 and 2017. The regulator also said the investigation found serious internal control failures and that UBS falsified some account statements to conceal overcharges.