19 January 2009

The Investment Bank acquires commodity index business from AIG

The Investment Bank announced the acquisition of AIG's commodity index business, including rights to one of the most important commodities indices, the Dow Jones-AIG Commodity Index (DJ-AIGCI). The business acquired includes a product platform of commodity index swaps and funded notes based on the DJ-AIGCI. The newly acquired index will complement the firm's existing UBS Bloomberg Constant Maturity Index within the Equities business. The purchase price for the transaction is US$15m, payable upon closing, and additional payments of up to US$135m over the following 18 months based on future earnings of the purchased business. The transaction is expected to close by May 2009 and is subject to regulatory approval.

For full press release

15 January 2009

Forecaster of the Year Award for UBS US economists

UBS economists Maury Harris and Jim O'Sullivan have been named Top Forecasters of 2008 in MarketWatch's annual US forecasting contest, winning the second Forecaster of the Year award in the past three years. The duo previously won in 2006. For the last two years, Harris and O'Sullivan have been primarily pessimistic about the economy, accurately predicting the impact that the collapse of the housing bubble would have. Now, though they anticipate continued weakness in the coming months, they expect the economy will slowly improve in the second half of 2009.

9 January 2009

UBS analysts are most accurate about European earning

UBS analysts were the most accurate in predicting the earnings of European companies in 2008, according to data provider StarMine, a Thomson Reuters company. Nearly half of our analysts ranked in the top third of analysts at the large investment banks, based on the accuracy of their earnings per share estimates for European equities. Despite the turmoil in the financial markets last year UBS analysts were the most accurate at predicting the earnings of European financials.

7 January 2009

UBS excels in Acquisitions Monthly annual awards

Once again, UBS has excelled in Thomson Reuters's Acquisitions Monthly annual awards, earning five of the publication's major titles. UBS clinched the awards for 'Germany M&A Adviser of the Year' and 'Energy Sector Adviser of the Year', and sustained excellence across the Technology, Media and Telecoms sector and all investment banking products during the period of market uncertainty earned UBS the 'TMT Sector Adviser of the Year' title for the second consecutive year. UBS was also named as 2009's overall 'Corporate Broker of the Year'.

5 January 2009

UBS China Head receives two distinguished awards

David Li, Chairman and Country Head of UBS China, has recently been named 'Financial Figure of the Year' in the 2008 Financial Values Standings organized by the leading China media group, China Business News. The award recognizes the contribution of multi-national corporations to the economic and social development of mainland China since it adopted a reform and opening-up policy in 1978. UBS is the only financial institution to have received the award, which was extensively reported in China by CCTV, Xinhua News Agency and The People's Daily.

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