TORONTO, Dec. 11 /CNW/ - UBS today announced that it is expanding its
Canadian KeyClient Group (KCG), which is dedicated to serving ultra high net
worth clients. The Group was established in Canada in 2006, and in just a
year, the level of demand for the services provided by UBS has created the
need to expand the number of KeyClient Advisors. The KCG provides a
comprehensive suite of wealth management services to Canadians with investible
assets of more than $50 million.
"Despite the volatility in the markets, we have seen the Canadian economy
generate a great deal of sustained wealth over the past 10 years," says Grant
Rasmussen who is head of wealth management in Canada. "Recent surveys have
shown that the number of wealthy Canadians is increasing so you really do need
a focused strategy for this market."
UBS now has KeyClient advisors in all of its offices in Vancouver,
Calgary, Toronto and Montreal for a total of eight up from the original four
last year. The global KeyClient initiative was launched by UBS in January 2003
to deliver a consistent and pro-active approach towards the wealthiest
individuals and families around the world. UBS now serves more billionaires
than any other wealth management firm in the world.
The Canadian KeyClient group focuses on the more than 3,000 families in
Canada that seek sophisticated services over a wide range of categories, such
as aircraft financing, wine banking, art banking and non-traditional asset
classes. The KCG also develops investment strategies that can involve single
stock lending, currency solutions and active capital preservation.
"KeyClients tend to approach us as much for professional advice relating
to their family situation, such as family governance issues and philanthropy
strategies, as they do investment solutions," said Sam Sivarajan, Head of the
Canadian KeyClient Group. "We now have a steady stream of UBS global experts
working with our Canadian clients to provide the specialized counsel and
strategies that these wealthy Canadians are looking for."
UBS is one of the world's leading financial firms, serving a
sophisticated international client base. Its business, global in scale, is
focused on growth. As an integrated firm, UBS creates added value for clients
by drawing on the combined resources and expertise of all its businesses. UBS
is the leading global wealth manager, top-tier investment banking and
securities firm, and one of the largest global asset managers.
UBS is present in all major financial centers worldwide. It has offices
in 50 countries, with about 39% of its employees working in the Americas, 33%
in Switzerland, 16% in the rest of Europe and 12% in Asia Pacific. UBS's
financial businesses employ more than 80,000 people around the world. Its
shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange
(NYSE) and the Tokyo Stock Exchange (TSE).
For further information:
For further information: UBS AG, Media Relations, Tel. (416) 345-7050,