Following completion of the merger of UBS AG and Credit Suisse AG, Credit Suisse AG’s business was transferred to UBS AG, and Credit Suisse AG ceased to exist. At this time however, the two entities did not operationally merge and, as a result, we continue to have two sets of operational infrastructure and processes during this transitionary period.
Consequently UBS AG is now the sole parent entity and all direct subsidiaries of Credit Suisse AG have become direct subsidiaries of UBS AG, and all branches of Credit Suisse AG have been absorbed into existing or established as new branches of UBS AG (as the case may be). As such, Credit Suisse AG’s branches have been renamed as UBS Branches, with the exceptions of Credit Suisse AG, Taipei Securities Branch and Credit Suisse AG Shanghai Branch.
Click hereAll about the Parent Bank Merger for the latest updates on how we continue to serve clients.
This document has been prepared by the Global Foreign Exchange and Money Markets Group of the investment banking division of Credit Suisse AG, a Swiss bank. This information is being provided at your request and is NOT the official confirmation of the trade and does not constitute the Firm's official books and records. If there are any discrepancies between this information and the official confirmation, the official confirmation is deemed to be the final and accurate record of the terms of the trade.
