An unwavering focus and long-term investment in the Americas has helped us to grow our market share and secure leadership positions in a number of areas. Nearly 40% of our people are based in the US, Canada and in Latin America, where we operate under the fully integrated brand UBS Pactual.

Few firms can match our quality of execution. We have the world's largest trading floor in Stamford, where teams from across the firm work side-by-side to leverage the full resources of our global organization to deliver outstanding results for our clients.

Thanks to our long-term commitment to the region, we have built trusted partnerships with issuers and investors throughout North America. In Canada, we have established a solid reputation for objective advice and outstanding execution.

Our acquisition of Banco Pactual in Brazil to create UBS Pactual strengthened UBS's presence in the region, combining deep local expertise with our global product offering, to create the first-choice financial partner for Latin America.

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