Singapore, 17 November – UBS is celebrating 50 successful years in Singapore with the official opening of its largest Asia Pacific office at 9 Penang Road. In the launch ceremony officiated by Axel A. Weber, Chairman of the Board of Directors UBS Group AG and Ralph Hamers, UBS Group CEO, the bank marked the occasion with clients, employees, and community activities in Singapore.
Singapore’s Minister for Finance, Lawrence Wong, was the guest-of-honor for the event, while distinguished guests in attendance included Swiss Ambassador to Singapore, Fabrice Filliez, as well as Founder of Bloomberg L.P. and Bloomberg Philanthropies, and three-term Mayor of the City of New York, Michael Bloomberg. In addition, well wishes poured in from many across the world,

For the first time since starting the Future of Finance Challenge in 2015, UBS has presented a Female Founder Award as part of its Future of Finance Challenge. Around one-third of the overall entries qualified for this award.
Kimberley Abbott of Vested Impact won the Female Founder Award.
This year’s «UBS Future of Finance Challenge» was a huge success with 475 high-quality submissions, from which the four winners of the overall competition were chosen.
Fairly AI won the tech and cyber security challenge,
 bsurance took the prize in the app stores and platforms challenge,
S Factor won in the sustainable banking challenge,
BondEvalue came first in the reimagining investing challenge.
For each of the four challenges, ten start-ups were invited to pitch their

New York, NY,October7, 2021 – Harnessing the power of collective philanthropy, UBS today announced the launch of UBS Collectives (“Collectives”), an innovative social-impact initiative that connects UBS’s philanthropic clients on issues that matter most to them. Led by UBS’s Philanthropy Services team, UBS Collectives will help clients combine their expertise and mobilize their capital to fund initiatives that address child protection, climate change, health, and education-related issues.
“Our goal is to mobilize private capital and support effective programs to address some of the most critical challenges of our time, which can best be addressed by working together,” said Phyllis Costanza, Head of Social Impact at UBS and CEO of the UBS Optimus Foundation. “We

The ongoing coronavirus pandemic has halted economies across the globe. With various countries on lockdown and companies unable to continue production, an economic downturn is inevitable. In light of this, the government of Denmark has come up with a strategy to avoid recession—paying 75 percent of private employees’ salaries.
As long as companies do not fire people, the government is offering to pay 75 percent of their employees’ salaries, up to $3,288 per month per employee. To be eligible for this support, a company has to give notice that it will have to lay off 30 percent of its workers or fire at least fifty people. Beyond this, the government is guaranteeing bank loans to companies and compensating them for fixed expenses. The total cost of this