| UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. UBS AG is the parent company of the UBS Group (Group). The operational structure of the Company comprises five segments: Wealth Management, Retail & Corporate, Wealth Management Americas, Global Asset Management and the Investment Bank. As of December 31, 2010, it operated about 907 business and banking locations worldwide, of which about 43% were in Switzerland, 41% in the Americas, 11% in the rest of Europe, Middle East and Africa, and 5% in Asia-Pacific. Of the business and banking locations in Switzerland, 36% were owned directly by UBS, with the remainder, along with most of UBS's offices outside Switzerland, being held under commercial leases. |
