Full Description

UBS AG is a global provider of financial services to private, corporate and institutional clients. The Company’s financial businesses are organized on a worldwide basis into three business divisions and the Corporate Center. Global Wealth Management & Business Banking consists of three segments: Wealth Management International & Switzerland, Wealth Management US and Business Banking Switzerland. The business divisions Investment Bank and Global Asset Management constitute one segment each. On February 10, 2009, UBS announced the split of Global Wealth Management & Business Banking into two divisions: Wealth Management & Swiss Bank and Wealth Management Americas. In February 2009, JPMorgan Chase & Co. acquired the Company’s global agricultural business. In February 2008, it acquired 100% of the Caisse Centrale de Reescompte Group. In August 2008, UBS sold its 24.9% stake in Adams Street Partners. On May 6, 2009, UBS AG acquired the commodity index business of AIG Financial Products Corp