UBS Asset Management completes merger

Luxembourg, 2 October 2024 – UBS Asset Management has reached an important integration milestone with the completion of the merger of the Credit Suisse and UBS fund management companies in Luxembourg.

As of 1 October 2024, Credit Suisse Fund Management S.A. has been merged with UBS Fund Management (Luxembourg) S.A and therefore ceases to exist as a separate legal entity and will be deregistered from the Commercial Register in Luxembourg. UBS Fund Management (Luxembourg) S.A. has been renamed UBS Asset Management (Europe) S.A. and has succeeded to all the rights and obligations of Credit Suisse Fund Management S.A.

Francesca Prym, CEO of UBS Asset Management (Europe) S.A. comments: “We are delighted to have completed the integration of these highly-complementary Asset Management businesses here in Luxembourg. While we have changed the name of our legal entity, there is no change to our commitment to serving our clients, and to bringing the best of our newly-combined capabilities to meet their evolving needs.”

UBS Asset Management is a large-scale asset manager with a presence in 23 markets. Total invested assets at the end of 2Q24 were USD 1,701bn globally, offering investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world.