UBS Commits $1.2 Million to Hurricane Sandy Rebuilding and Relief Efforts
NEW YORK -- November 15, 2012
In response to the devastation caused by Hurricane Sandy, UBS today announced
that it is committing more than $1.2 million in total financial contributions
to aid in long-term relief and rebuilding efforts. This underscores the
importance that community affairs efforts have in the firm’s overall strategy.
Collectively, UBS has pledged $600,000 among the following community partners
in support of their relief efforts in Connecticut, New Jersey and New York:
*American Red Cross
*New York Business Assistance Corporation (NYBAC) – a nonprofit arm of the
New York City Department of Small Business Services
*Hurricane Sandy New Jersey Relief Fund
*Local organizations conducting grassroots efforts in highly impacted
Additionally, UBS has given $500,000 to The Francis Ward Paine Foundation
which makes grants available to the hundreds of UBS employees who have been
significantly affected or suffered severe financial hardships as a result of
this natural disaster.
“UBS has more than 10,000 employees based in the tri-state area alone;
Hurricane Sandy not only tore through our communities in which we live, it
directly impacted our UBS family,” said Bob McCann, CEO of UBS Group Americas.
“We hope that our contributions will play a critical role in rebuilding our
great cities and towns, and getting our neighbors back on their feet.”
In addition to the firm’s donations, employees have demonstrated a tremendous
outpouring of support for their colleagues and communities. Through a special
Disaster Relief Matching Gift Program, UBS is contributing up to $100,000 to
the areas in greatest need. The firm has also coordinated a number of
volunteer opportunities for employees to assist with long-term recovery
“While we’re incredibly proud of the way our UBS colleagues have stepped up to
help those impacted, we’re not surprised,” said Lori B. Feinsilver, Head of
Community Affairs, UBS Americas. “We will continue to support our employees'
efforts during this difficult time and work with our partners to help our
communities move forward."
Notes to Editors
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland. Its
business strategy is centered on its pre-eminent global wealth management
businesses and its universal bank in Switzerland. Together with a
client-focused Investment Bank and a strong, well-diversified Global Asset
Management business, UBS will drive further growth and expand its premier
wealth management franchise.
UBS is present in all major financial centers worldwide. It has offices in 57
countries, with about 35% of its employees working in the Americas, 36% in
Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in
Asia Pacific. UBS employs about 65,000 people around the world.
Its shares are listed on the SIX Swiss Exchange and the New York Stock
New York: Marisa Carullo, 212-713-3202
Follow us on Twitter: @UBSAmericas
Press spacebar to pause and continue. Press esc to stop.