Shanghai, 14 July 2016 - UBS today officially opened the Shanghai campus of the UBS Business University in Lujiazui, the city's financial district. The campus is the firm's third training facility in Asia: the UBS Business University also has campuses in Singapore and Hong Kong.
Established in response to the increasing demand for financial talent to support UBS's business growth in China, the campus will provide training for employees new to the firm and the industry, as well as on-going professional development to existing staff.
"The opening of a campus in Shanghai reinforces our commitment to China and will help support our expansion plans in the country. We plan to double headcount in China by 2020, so demand for high-quality development and training programs can be expected to grow substantially," said Eugene Qian, UBS Group China Country Head & President.
"Talent development is a key component of UBS's strategy and the establishment of the Shanghai campus will further strengthen our value proposition to prospective and existing talent," said Maria Chan, Head of Human Resources, UBS Asia Pacific.
The UBS Business University seeks to enhance leadership and management capabilities, professional skills and expertise in compliance and risk management. In Shanghai, training programs target all levels of China talent and include the flagship 'China Talent Program' and mentoring opportunities through a systematic ‘Exchange Program’ of both outbound and inbound talent.
The UBS Business University expects to open a campus in Beijing by early 2017.
Notes for editors
UBS
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
In China, UBS has a multi-entity domestic platform which allows it to develop its core businesses – wealth management, asset management and investment bank. The establishment of UBS Securities represents the first time that a foreign-entity has been allowed to invest directly into a fully-licensed securities firm. UBS Securities holds 100% stake in UBS Futures Co. Limited. UBS (China) Limited is the wholly foreign owned bank focusing on wealth management business. UBS SDIC Fund Management Co. Ltd is a joint venture with the State Development Investment Corporation in which, for the first time, a foreign partner holds the maximum 49% equity stake. UBS Global Asset Management (China) Limited in Beijing is engaged in domestic non-securities equity investment management and advisory services. UBS Asset Management (Shanghai) Ltd in the Shanghai Free Trade Zone offers private funds for investing in overseas markets under the Qualified Domestic Limited Partner (QDLP) scheme.
