UBS has confirmed the continuation of its collaboration with the Mercedes-AMG PETRONAS Formula One Team.
Since 2011, the bank has served as a part of the team’s partner family, and throughout that time, the team has won seven Drivers’ and eight Constructors’ World Championships.
Go deeper with GlobalData
Iqbal Khan, co-president UBS global wealth management and President UBS Asia-Pacific said: “We are proud to extend our long-term partnership with the Mercedes-AMG PETRONAS Formula One Team. The partnership reflects our shared values: a commitment to innovation, talent, and teamwork, which all drive performance. I look forward to the opportunities our partnership will present in this next chapter together, as we continue to provide unparalleled experiences for our clients.”
Toto Wolff, team principal & CEO of the Mercedes-AMG PETRONAS Formula One Team, added: “UBS has been an important member of our partner family ever since we began our relationship back in 2011. It is no surprise to me that we have enjoyed such a long-standing relationship given our shared values and goals. We both strive for excellence, maintain the highest standards, and share a commitment to sustainable performance. It is fantastic to extend our partnership yet again and we look forward to working together for many more years to come.”
Over 930 million people have tuned into the adrenaline rush of Formula 1’s first night race in Singapore since it was held there in 2008. The race takes place on an exclusive three-mile street circuit that snakes through the heart of the city.
The event in Singapore from 20-22 September is anticipated to draw over 250,000 fans.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMoreover, in August, total revenues for UBS Global Wealth Management increased 15% year-on-year in Q2 2024 to reach $6,053m.
This increase was attributed to the consolidation of Credit Suisse revenues for the full quarter.
Furthermore, excluding PPA effects and other integration items, underlying total revenues were $5,820m.
The group as a whole recorded a net profit of $1.1bn in the quarter due to client franchise strength and disciplined execution of strategy. Profit before tax for UBS was $1.5bn in Q2 2024.
