UBS Wealth Management is owned by UBS Group AG, a publicly traded Swiss bank listed on the SIX Swiss Exchange and the New York Stock Exchange, and no single shareholder controls it.
UBS Global Wealth Management is one of the largest wealth managers in the world, overseeing trillions of dollars in invested assets for clients across nearly every continent.
UBS traces its roots back to 1862 in Switzerland and took its modern form through a 1998 merger, before dramatically expanding again in 2023 when it absorbed its former rival Credit Suisse.
So how did a Swiss bank end up managing money for the wealthiest families on earth, and who actually controls it today?
This article looks at UBS Wealth Management ownership structure, its largest shareholders, its leadership, its history including the Credit Suisse rescue, how much the business manages, its services, and how to contact the bank.
So let us get started.
Table of Contents
Who Owns UBS Wealth Management
UBS Wealth Management is not a separate company, it is a business division fully owned and operated by UBS Group AG, the publicly traded parent bank.
Visit the official UBS website to see the full range of wealth, investment banking and asset management services the group offers.
Because UBS Group is publicly traded, ownership is spread across large institutional investors, sovereign wealth funds and individual shareholders rather than any single private owner.
No founding family or individual holds a controlling stake in UBS today, and strategic decisions run through the group’s board and executive leadership on behalf of all shareholders.
| Company Overview | Details |
| Company name | UBS Group AG |
| Ownership | Publicly traded, no controlling shareholder |
| Parent company | None, independent public company |
| Founded | 1862, modern UBS formed in 1998 |
| CEO | Sergio Ermotti |
| Wealth Management Co-President | Iqbal Khan |
| Headquarters | Zurich, Switzerland |
| Ownership type | Public |
| Stock ticker | SIX: UBSG, NYSE: UBS |
Is UBS Wealth Management Publicly Traded or Privately Owned
UBS Group AG is publicly traded on the SIX Swiss Exchange and also lists American Depositary Shares on the New York Stock Exchange under the ticker UBS.
The bank has traded publicly for decades, and its shares are bought and sold every trading day by institutions and individual investors around the world.
Institutional investors collectively own a large majority of UBS stock, but no bank, government or single family controls the business outright.
The Swiss government does not own UBS, though it played a central role in arranging and guaranteeing the emergency 2023 acquisition of Credit Suisse.
Who Are the Largest Shareholders of UBS
UBS Asset Management, the group’s own asset management arm, holds roughly 5.9 percent of UBS shares through the various funds and mandates it manages on behalf of clients.
Norges Bank Investment Management, which invests Norway’s sovereign wealth fund, is the largest disclosed outside institutional holder, controlling roughly 4.5 percent of shares.
The Vanguard Group holds close to 4.3 percent of shares, with Massachusetts Financial Services and ZKB Asset Management also ranking among the largest remaining holders.
As is common with large public companies, most shares are held through nominee and custodial accounts, meaning many ultimate beneficial owners are not individually disclosed.
Readers curious about a similarly diversified but American headquartered wealth manager can read our guide on who owns Charles Schwab.
Who Is the CEO of UBS
Sergio Ermotti is the Group Chief Executive Officer of UBS, having returned to the role in April 2023 to lead the bank through its emergency acquisition of Credit Suisse.
Ermotti previously served as UBS Group CEO from 2011 to 2020, making his 2023 return a rare case of a former chief executive coming back to guide a bank through a major crisis.
Iqbal Khan serves as Co-President of UBS Global Wealth Management, overseeing the day to day running of the division that manages client portfolios and advisory relationships worldwide.
Neither Ermotti nor Khan personally controls the company, their role is to run daily operations and strategy on behalf of UBS shareholders.
Who Founded UBS
UBS traces its origins to the Bank in Winterthur, founded in Switzerland in 1862, which later evolved into the Union Bank of Switzerland.
The modern UBS was formed in 1998 through the merger of the Union Bank of Switzerland and the Swiss Bank Corporation, two of the country’s largest banking institutions at the time.
According to Wikipedia, that merger created one of the largest banks in the world by assets, combining decades of separate Swiss banking history under a single brand.
Because UBS was created through a merger of established institutions rather than a single founder, no individual founder retains a personal ownership legacy in the company today.
How Has UBS Wealth Management Ownership Changed Over Time
UBS grew for years as a large but conventional public bank, expanding its wealth management footprint gradually through organic growth and smaller acquisitions.
The largest ownership event in the bank’s modern history came in March 2023, when Swiss authorities arranged for UBS to acquire its struggling rival Credit Suisse in an emergency deal to prevent a wider banking crisis.
UBS completed the global migration of former Credit Suisse client accounts onto its own systems in March 2026, marking a major milestone in fully absorbing its former competitor.
The integration has already delivered 12.6 billion dollars in cumulative cost savings since the end of 2022, putting UBS on track to exceed its original cost reduction targets.
Client Advisory and Portfolios
Trading and Advisory
Institutional and Fund Management
Norges Bank, Vanguard, UBS Asset Management
Major UBS Milestones
The Bank in Winterthur opens, a predecessor to today’s UBS.
Union Bank of Switzerland and Swiss Bank Corporation merge to create modern UBS.
Sergio Ermotti becomes Group CEO for the first time.
UBS completes an emergency acquisition of Credit Suisse and Ermotti returns as CEO.
UBS finishes migrating former Credit Suisse client accounts onto its own platform.
How Much Is UBS Wealth Management Worth
UBS Global Wealth Management held invested assets of approximately 4.94 trillion dollars at the end of the second quarter of 2026, up 274 billion dollars from the prior quarter.
UBS Group as a whole reported net profit of 2.8 billion dollars for the quarter, up nearly 17 percent year over year and ahead of analyst expectations.
The Credit Suisse integration has been a major driver of profitability, with UBS delivering 1.1 billion dollars in cost cuts in that single quarter alone.
| Financial Metric | Value |
| Global Wealth Management invested assets | 4.94 trillion dollars, Q2 2026 |
| Group net profit | 2.8 billion dollars, Q2 2026 |
| Cumulative cost savings since 2022 | 12.6 billion dollars |
| Founded | 1862, modern form 1998 |
What Wealth Management Services Does UBS Offer
UBS Global Wealth Management provides investment advisory, portfolio management, estate and succession planning, and lending services for high net worth and ultra high net worth clients.
The division serves clients through dedicated relationship managers across the Americas, Switzerland, Europe, the Middle East, Africa and Asia Pacific.
Following the Credit Suisse acquisition, UBS now also serves a significantly larger base of ultra wealthy clients inherited from its former rival’s private banking business.
Readers who want to compare this global private banking model with a large US focused retail brokerage can see our guide on who owns Charles Schwab.
How Do You Contact UBS Wealth Management
UBS Wealth Management clients in the United States can reach their advisor directly or contact the general UBS Americas line at 1 800 762 1000.
Clients in Switzerland and other regions can reach UBS through the country specific contact numbers listed on the official UBS website.
Prospective clients interested in private wealth services can also request an introduction through the wealth management section of the UBS website.
| Support Type | Contact Information |
| UBS Americas general line | 1 800 762 1000 |
| Existing wealth clients | Contact your relationship manager |
| Group headquarters | Bahnhofstrasse 45, Zurich, Switzerland |
| Website | ubs.com |
Where Is UBS Wealth Management Headquartered
UBS Group AG is headquartered in Zurich, Switzerland, with a second registered office in Basel.
UBS Wealth Management operates from major regional hubs including New York, Singapore, Hong Kong and London, alongside its Swiss home base.
Is UBS Wealth Management a Good Choice for Investors
UBS is widely regarded as one of the largest and most established private wealth managers in the world, with a global footprint few competitors can match.
The successful integration of Credit Suisse has strengthened UBS further, adding scale, clients and cost efficiencies faster than many analysts initially expected.
On the downside, UBS wealth services are generally aimed at high net worth clients, and typical account minimums make the division less accessible for everyday retail investors.
Overall, UBS Wealth Management remains a strong option for high net worth clients seeking global reach and full service private banking.
Frequently Asked Questions About UBS Wealth Management
Who owns UBS Wealth Management
UBS Wealth Management is owned by UBS Group AG, a publicly traded Swiss bank with no controlling shareholder.
Who is the CEO of UBS
Sergio Ermotti has served as Group CEO of UBS since returning to the role in April 2023.
Did UBS acquire Credit Suisse
Yes, UBS acquired Credit Suisse in an emergency deal arranged by Swiss authorities in March 2023 and completed the client migration in March 2026.
Is UBS publicly traded
Yes, UBS Group AG trades on the SIX Swiss Exchange and lists American Depositary Shares on the New York Stock Exchange under the ticker UBS.
How much does UBS Wealth Management manage
UBS Global Wealth Management held approximately 4.94 trillion dollars in invested assets as of the second quarter of 2026.
Who leads UBS Wealth Management day to day
Iqbal Khan serves as Co-President of UBS Global Wealth Management, reporting to Group CEO Sergio Ermotti.
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