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Ubs India Securities Private Limited Swiss_company in India_Book fin.qxd 3/17/07 5:25 PM Page 92 UBS INDIA SECURITIES PRIVATE LIMITED UBS is one of the leading financial firms in the world, Swiss business unit network ran to 357 branches with offices in 50 countries and business organised with a further 82 branches abroad. into key distinct areas of equities - fixed income, rates and currencies, and investment banking On 3rd November 2000, UBS AG merged with PaineWebber Inc., a full-service securities firm Global Overview of UBS AG located in New York and founded in 1879. UBS AG was created on July 1, 1998, with the Today UBS is one of the leading financial firms merger of Union Bank of Switzerland (based in the world, serving discerning clients globally. in Zurich) and Swiss Bank Corporation (based in As an organisation, it combines financial strength Basel). Swiss Bank Corporation (SBC) was founded with an international culture that embraces change. in 1872 under the name Basler Bankverein and in An integrated firm, UBS creates added value for 1945 it took over the troubled Basler Handelsbank, clients by drawing on the combined resources and one of Switzerland's large banks, founded in 1862. expertise of all its businesses. It is the leading global In the last decade of the twentieth century, SBC wealth manager, a top-tier investment banking and strengthened its international orientation again securities firm, and one of the largest global asset by taking over several foreign finance firms managers. (O'Connor & Associates, Chicago; Brinson Partners, Inc., Chicago; S.G.Warburg Plc, London). UBS Investment Bank is headquartered in London By 1997, the Swiss network comprised 288 and New York and employs 18,200 people in branches with 77 offices outside Switzerland. 34 countries, with its business organised into key distinct areas of equities - fixed income, rates and Union Bank of Switzerland was created in 1912 currencies, and investment banking.With one by the merger of two regional banks - in nine shares traded globally handled by UBS, Toggenburger Bank, founded in 1863, and Bank it is the leading participant in the global primary in Winterthur, founded in 1862. Like SBC, UBS and secondary markets for equity, equity-linked was a typical representative of Swiss universal and equity derivatives. Its fixed income, rates and banking: focusing on corporate and retail clients currencies business deliver a broad range and asset managementat home, and on commercial of products and solutions to corporate and banking for corporate clients abroad. In 1997, the institutional clients in all major markets. Company Mode of presence in India Year of entry Key business UBS India Securities 100 per cent subsidiary 1990 Financial services Private Ltd 92 Swiss_company in India_Book fin.qxd 3/17/07 5:25 PM Page 93 UBS has a presence in 50 countries. 39 per cent Key Success Factors in India of its employees work in the Americas, 36 per cent in Switzerland, 16 per cent in the rest of Europe and UBS set up its off-shoring Service Centre 9 per cent in the Asia Pacific. UBS's financial in Hyderabad in June 2006, to support its asset businesses employ around 75,000 people globally. Its management, wealth management and investment shares are listed on the SWX Swiss Stock Exchange, banking businesses.The centre provides UBS' the New York Stock Exchange (NYSE) and the businesses with offshore business process services, Tokyo Stock Exchange (TSE). UBS is the market IT infrastructure support and research and leader in retail and commercial banking in the home analytics. UBS' Hyderabad centre will provide turf with a complete set of banking and securities the company, increased flexibility to meet its services for individual and corporate clients. staff requirements, reduce costs, rationalise systems and streamline processes. UBS also plans to UBS in India expand its offshore operations in Hyderabad and scale it to 1,000 by end December 2007. Going UBS has a well-established, growing presence forward the centre is expected to be a key factor in India, and is one of the top brokers for responsible for the company's India operations. international investors investing in Indian equities. Its Indian arm, UBS India Securities Private Ltd's Future Plans brokerage and advisory services have been available through the Mumbai office since 1990.The UBS According to the Joint Global Head of UBS India Service Centre, which provides knowledge Investment Bank,Alex Wilmot-Sitwell, India is services (research and analytics), business process one of the most important markets for the bank. offshoring (transaction and data processing) and On the lines of its global operations, UBS plans IT infrastructure support, was opened in Hyderabad to establish three primary business pillars - (Andhra Pradesh) in June 2006. It has 500 investment banking, wealth management and employees and a new building with the capacity asset management - in India and aims to be among for 1,400 extra seats was opened in Hyderabad the top three players in each segment. in January 2007. Also in January this year, UBS acquired Standard Chartered's mutual funds management business UBS' India operations (having 60 employees) for a total consideration • One of the top brokers for international investors of more than US$ 120 million.At a stroke, the investing in Indian equities acquisition provided UBS with a strong investment • Provides brokerage and advisory services through team and a broad, local distribution network its Mumbai office throughout India. Unlike many of its competitors, • UBS India Service Centre, provides knowledge UBS has never entered into a joint venture in India. services, business process offshoring and IT The transaction is structured as the acquisition infrastructure support of a 100 per cent interest in Standard Chartered • Recently acquired Standard Chartered's mutual Asset Management Company Private Ltd, as well as funds management business (having 60 Standard Chartered Trustee Company Private Ltd, employees) for a total consideration of more than the manager and trustee, respectively, of the mutual US$ 120 million funds offered by the company. 93.
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