UBS publishes Annual Report 2012
ZURICH & BASEL, Switzerland -- March 14, 2013
UBS AG (NYSE:UBS)(SWX:UBSN)
UBS's Annual Report 2012 and compensation report are available online from
today at www.ubs.com/annualreporting
UBS's Annual Report for 2012 provides comprehensive information on the firm,
its strategy, business, governance and financial performance. It contains both
audited and unaudited information. It consists of five sections:
Operating environment and strategy: This section provides a description of
UBS's strategy and business divisions, and the factors affecting UBS and its
business model, including market climate, industry drivers, regulatory
developments and risk factors. It also includes information about the
regulatory structures applicable to UBS.
Financial and operating performance: This section outlines the performance of
UBS Group and of each business division for the past two calendar years, as
well as the performance of Corporate Center, which includes UBS's Group-wide
shared services and control functions.
Risk, treasury and capital management: In addition to outlining the principles
by which UBS manages and controls risk, this section covers developments
during 2012 in the areas of credit risk, market risk, operational risk and
treasury management including capital, liquidity and funding management. It
also contains comprehensive quantitative and qualitative Basel 2.5 Pillar 3
annual disclosures, as well as information on UBS shares.
Corporate governance, responsibility and compensation: This section provides
information about UBS's governance structure and sets out the guiding
principles that govern compensation plans, as well as details of the
compensation of senior management and the Board of Directors. It also
discusses UBS's standards for corporate behavior and responsibility, outlines
demographic trends in the firm's workforce and describes how personnel is
managed and developed.
Financial information: This section comprises the audited consolidated
financial statements of UBS Group for 2012 including comparative data for 2011
and 2010, prepared according to International Financial Reporting Standards
(IFRS). It also contains the audited financial statements of UBS AG (the
parent bank) for 2012 including comparative data for 2011, prepared according
to Swiss Federal banking law. Additional disclosures required by Swiss and US
regulations are included as appropriate.
UBS will also file its Annual Report for 2012 on Form 20-F today with the US
Securities and Exchange Commission. The Form 20-F filing contains UBS's
complete audited financial statements, in addition to other information, and
will be available for viewing and downloading at www.ubs.com/sec-filings.
UBS's commitment to the environment
UBS encourages stakeholders to view these publications electronically. As part
of our commitment to further reduce our environmental footprint including
lowering our paper consumption, we moved to a subscription-based approach for
our financial reporting products for the 2012 annual reporting cycle. This has
resulted in an estimated paper saving for 2013 of over 25 million pages.
UBS Shareholder Portal
To strengthen its corporate governance, UBS has established an integrated
shareholder portal (www.ubs.com/shareholderportal) which will be operational
from the end of March 2013. UBS's registered shareholders will be able to use
the portal to issue instructions for the exercise of their voting rights after
having provided a written appointment of an independent proxy. The portal can
also be used to download UBS shareholder publications, manage subscriptions,
update personal details and view shareholdings and voting rights.
Hard copies of the Annual Report and Compensation Report can be ordered via:
Tel: +41-44-238 50 15
Switzerland: +41-44-234 41 00
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 57
APAC: +852-297-1 82 00
Press spacebar to pause and continue. Press esc to stop.