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UBS Is The Best Private Bank For Sustainable Investing

Posted by Oseiagyemang.com

UBS is a major brand in the world with regards to Banking. The Swiss global investment bank and financial service organization has since its inception maintained a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.

Formerly, Switzerland’s incredible private financial firms were not seen on the list of feasible investment trend, but now several of them have hopped on the sustainability list and are doing very well. UBS is number one on the tall list.

UBS, one of the world’s biggest bankers to the rich, made a huge stride last year when UBS announced that it would make sustainable investments its “preferred solution” for wealth management clients investing globally.

As indicated by UBS, the move made it “the first major global financial institution to recommend sustainable over traditional solutions” for its wealth clients, who have $1.2 trillion in invested assets. By the end of 2020, sustainable investments composed 18.9% of UBS’ advised investments, up from only 13.5% in 2019.

Sustainable investment have even gone up among UBS’ Asia-Pacific district wealth customers recently, having ascended to $4.5 billion before the end of June 2021, from $1 billion in January 2020.

The bank is offering clients more investing options, too. In July, UBS announced that its wealth management clients could start tailoring the advice they receive along six sustainable investing lines: Climate change; water; pollution and waste; people; products and services; and governance—areas that the bank identified as “most important to drive businesses and industries to a sustainable future.”

Incorporating ESG-based offerings hasn’t hurt profitability, either. UBS’ Global Wealth Management division, its largest segment, reported $4.2 billion in pretax profit for the first nine months of 2021, a 34% increase YOY.

UBS has a number of Subsidiaries: including UBS Asset Management, UBS Switzerland AG, UBS Investment Bank, and many more.

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