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In November 2014, the shares in UBS Group AG were listed and started trading as a new holding company on the NYSE and SIX Swiss Exchange.Upon application and with the effect as of 14 January 2015, the shares of the USB AG, the subsidiary of the UBS Group AG, were delisted from the NYSE.In comparison to other European banks, UBS suffered among the largest losses during the subprime mortgage crisis, and it was required to raise large amounts of outside capital.The bank received a US.7 billion capital injection in 2007 from the Government of Singapore Investment Corporation (currently GIC Private Limited effective from July 2013), which remains one of the bank's largest shareholders.Of the remaining 40% of total invested assets, 30% of the total belong to individuals with net-worth between CHF 1 million and CHF 10 million and the last 10% of total assets belong to individuals with a net-worth of less than CHF 1 million.Additionally, UBS provides a broad range of securities and savings products that are supported by the firm's underwriting and research activities as well as order execution and clearing services for transactions originated by individual investors. Two-thirds of the total invested assets come from Europe and Switzerland with the final one-third coming mainly from the Asia-Pacific region.Starting already on 9 June 2003, all UBS business groups, including UBS Paine Webber and UBS Warburg, were rebranded under the UBS moniker following company's start of operations as a unified global entity.
Its shares are listed at the SIX Swiss Exchange, and the New York Stock Exchange (NYSE).
This business division constitutes a central building block of UBS's universal bank delivery model in Switzerland and it supports other divisions, such as Investment Bank, by referring clients to them and by assisting them to build their wealth to a level at which they can be transferred to UBS Wealth Management.
UBS's main competitor in this division is Credit Suisse.
The step is said to help the bank simplifying its governance structure and increase operational efficiency and therefore lead to cost savings. The business was initially renamed UBS Paine Webber in March 2001 after it was acquired by UBS.
The subsidiary was again renamed UBS Wealth Management USA in June 2003.
and remains a leading provider of retail banking and commercial banking services in Switzerland.