UBS Group AG (UBS)

UBS Declares Coupon Payments on 8 ETRACS Exchange Traded NotesJune 4, 2026 4:30 PM
Business Wire HDLB: linked to the Solactive US High Dividend Low Volatility Index SMHB: linked to the Solactive US Small Cap High Dividend Index PFFL: linked to the Solactive Preferred Stock ETF Index CEFD: linked to the S-Network Composite Closed-End Fund Index MVRL: linked to the MVIS US Mortgage REITs Index GLDI: linked to the Nasdaq Gold FLOWS™ 103 Index SLVO: linked to the Nasdaq Silver FLOWS™ 106 Index USOI: linked to the Nasdaq WTI Crude Oil FLOWS™ 106 Index UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”). NYSE Ticker ETN Name and Prospectus Supplementa Coupon Valuation Date Ex-Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized) b HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B 6/1/2026 6/12/2026 6/12/2026 6/23/2026 $0.0757 Monthly 11.58% SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B 6/1/2026 6/12/2026 6/12/2026 6/23/2026 $0.0480 Monthly 20.07% PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN 6/1/2026 6/12/2026 6/12/2026 6/23/2026 $0.1081 Monthly 11.27% CEFD ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN 6/1/2026 6/12/2026 6/12/2026 6/23/2026 $0.2162 Monthly 14.30% MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN 6/1/2026 6/12/2026 6/12/2026 6/23/2026 $0.1037 Monthly 21.37% a The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see “List of ETNs”. b “Current Yield (annualized)” equals the current Coupon Amount and the two immediately preceding Coupon Amounts, multiplied by four (to annualize such coupons), divided by the closing Current Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN. Note: HDLB, SMHB and PFFL pay a variable monthly coupon linked to 2 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. CEFD and MVRL pay a variable monthly coupon linked to 1.5 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. Variations in the amount of monthly distributions will lead to large variations in the Current Yield as calculated above. As such, the Current Yield is not indicative of future coupon payments, if any, on these ETNs. NASDAQ Ticker ETN Name and Pricing Supplementc Closing Indicative Value on 5/29/2026 Ex-Date Record Date Payment Date Expected Coupon Amount per ETNd Payment Schedule Expected Current Yielde GLDI ETRACS Gold Shares Covered Call ETNs due February 2, 2033 $161.3473 6/22/2026 6/22/2026 6/25/2026 $5.5597 Monthly 33.89%f SLVO ETRACS Silver Shares Covered Call ETNs due April 21, 2033 $85.2828 6/22/2026 6/22/2026 6/25/2026 $7.0406 Monthly 77.94%f USOI ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 $52.4719 6/22/2026 6/22/2026 6/25/2026 $2.5475 Monthly 98.13%f c The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. d On May 11, 2026, the Nasdaq Gold FLOWS™ 103 Index, the Nasdaq Silver FLOWS™ 106 Index and the Nasdaq WTI Crude Oil FLOWS™ 106 Index (the “Indices”) concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively, with June 2026 expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on June 12, 2026, subject to adjustment in the event of any market disruption events. Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on June 12, 2026, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount per ETN. The Expected Coupon Amount per ETN is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. e For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Expected Current Yield, which is based on an ETN’s Expected Coupon Amount and its two most recent coupon payments, is not indicative of future coupon payments, if any, on the ETNs. In particular, future coupon payments on an ETN may differ significantly from its Expected Current Yield, if its Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Expected Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero. Accordingly, the Expected Current Yield will change over time, and such change may be significant. Any payment on the ETNs is subject to UBS AG’s ability to pay its obligations as they become due. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement. f“Expected Current Yield” equals the sum of (i) the Expected Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such coupons), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that constitute “forward-looking statements” that are subject to risks and uncertainties, and actual results may differ materially. These statements could contain words such as “possible,” “intend,” “will,” “may,” “intends,” “would,” “if,” “expect,” “potentially” or other similar expressions. Forward-looking statements, including those relating to UBS AG’s plans for the ETNs, are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. While these forward-looking statements represent UBS’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors, including whether UBS AG will actually declare a Coupon Amount for the 3 ETNs traded on NASDAQ, could cause actual developments and results to differ materially from UBS’s expectations. For a discussion of the risks and uncertainties that may affect the ETNs please refer to the "Risk Factors" in the prospectus supplements and pricing supplement relating to the 3 ETNs traded on NASDAQ. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. About ETRACS ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on either NYSE Arca or NASDAQ, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement for the ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the relevant prospectus, along with the applicable prospectus supplement and pricing supplements to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS ETNs. The applicable offering document for each ETRACS ETN may be obtained by clicking on the name of each ETRACS ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus, the applicable prospectus supplement or pricing supplement, by calling toll-free (+1-877-387-2275). The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.9 trillion dollars of invested assets as per the third quarter of 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC (http://www.sipc.org/). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC. This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. With respect to Solactive US High Dividend Low Volatility Index, Solactive US Small Cap High Dividend Index or Solactive Preferred Stock ETF Index, the financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The S-Network Composite Closed-End Fund Index is a service mark of S-Network Global Indexes, Inc. (“S-Network”) and its use is granted under a license from S-Network. S-Network does not guarantee the accuracy and/or completeness of the S-Network Composite Closed-End Fund Index or any data included therein, and S-Network shall have no liability for any errors, omissions, interruptions, or defects therein. S-Network makes no warranty, express or implied, representations or promises, as to results to be obtained by UBS AG, or any other person or entity from the use of the S-Network Composite Closed-End Fund Index or any data included therein. S-Network makes no express or implied warranties, representations or promises, regarding the originality, merchantability, suitability, non-infringement, or fitness for a particular purpose or use with respect to the S-Network Composite Closed-End Fund Index or any data included therein. Without limiting any of the foregoing, in no event shall S-Network have any liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including lost profits), even if notified of the possibility of such damages. The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (“MVRL ETN”) is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the MVRL ETN or any member of the public regarding the advisability of investing in securities generally or in the MVRL ETN particularly or the ability of the Market Vectors® MVIS US Mortgage REITs Index to track the performance of the US mortgage REIT market. UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect. © UBS 2026. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved. __________________________________
1 Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604881352/en/ Media contact
Alison Keunen
+1-212-713-2296
alison.keunen@ubs.com Institutional Investor contact1
+1-877-387-2275 Original: UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes

Ella Curren joins UBS as Financial Advisor in New York CityJune 1, 2026 3:55 PM
Business Wire UBS today announced that Ella Curren has joined the firm as a Financial Advisor. Ella joins the UBS Manhattan Market, led by Market Executive Kellie Brady, and is based out of the firm’s 1285 Avenue of the Americas office. She reports to Market Executive Kellie Brady and Market Director Demie Kommatas. “We’re excited to welcome Ella to UBS and to our Manhattan Market,” said Kellie Brady. “She brings a strong track record advising sophisticated clients as well as a client-first approach that aligns well with our platform. Her addition further strengthens our ability to deliver differentiated advice and solutions to our clients.” Ella joins Two Rivers Private Wealth as a senior member of the team. She focuses on providing sophisticated investment and wealth management solutions for high and ultra-high net worth families, business owners, endowments, and foundations. “Ella’s extensive experience, deep understanding of clients’ multifaceted financial needs, and commitment to best-in-class service make her a strong addition to the team,” said Demie Kommatas. “We are pleased to welcome her to UBS and look forward to the value she will bring to our clients.” Prior to joining UBS, Ella was a Director and the Co-Head of the Private Client Group at Lazard Asset Management. While at Lazard, Ella was co-chair of the Lazard Women’s Leadership Network, an employee group dedicated to the professional advancement of women. Ella received her B.A. in History from Bowdoin College and her M.B.A. from New York University’s Stern School of Business. While at Bowdoin, she captained the field hockey team, earned All-American recognition, and helped lead the program to two national championships. Notes to Editors About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.9 trillion dollars of invested assets as per the first quarter 2026. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). https://www.ubs.com © UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601227324/en/ Media Contact:
Christina Aquilina
Christina.aquilina@ubs.com Original: Ella Curren joins UBS as Financial Advisor in New York City

UBS Announces Leadership Appointments in the Southeast US RegionMay 29, 2026 11:12 AM
Business Wire John Houlihan named Market Executive for the South Market Tyler Hutchens named Market Executive for Greater Florida/Gulf Coast Market UBS Wealth Management USA today announced two leadership appointments in its Southeast Wealth Management Region. The Southeast Region, which has seen an influx of wealth in recent years, encompasses some of the nation’s fastest growing wealth centers, including Philadelphia, Washington, D.C., Charlotte, Charleston, Nashville, Atlanta, Miami, Palm Beach, Naples and Tampa, among others. John Houlihan has been named Market Executive for the South Market. He is responsible for overseeing the firm’s Private Wealth Management and Wealth Management businesses in Georgia, Tennessee, and Arkansas. John reports to Julie Fox, Southeast Regional Director, and is based in Atlanta. His career in financial services spans more than three decades, including years of experience in Atlanta. He joined UBS in 2015 and was most recently Regional Market Director for the Northeast. Prior to joining UBS, he served as a Regional Director at Barclays based in Atlanta. He began his career in financial services in 1993 as a financial advisor at Morgan Stanley. Over the next two decades, he held a variety of leadership roles at Morgan Stanley, including Branch Manager and Complex Director, overseeing markets across New Jersey, Connecticut, New York, and Georgia. "John is someone our teams and clients already know and trust thanks to his proven track record over the course of his successful career at UBS for more than a decade,” said Julie Fox. “He has led teams across virtually every corner of our industry, and that breadth of experience gives him a perspective few leaders can match. What truly sets John apart is that he started his career as a financial advisor and spent years in the field, sitting across from clients. He understands the pressures, the responsibilities, and the craft of being a financial advisor because he lived it." Greg Achten, a 10-year veteran of UBS, previously led the South Market, and has informed the firm of his decision to retire from his distinguished 40-year career in the wealth management industry. During his career at UBS, he has counseled, mentored and guided hundreds of financial advisors helping them grow their practices, sharpen their skills, and consistently deliver for clients. His expertise in building high-performing teams has been a driving force for our business in the region. This track record stems from Greg's experience in the wealth management industry, which includes 17 years as a financial advisor and full-time leadership roles in various markets including Dallas, Tulsa, Cincinnati, Indianapolis, Boston, and Chicago. Today, UBS also announced that Tyler Hutchens has been named Market Executive for the Greater Florida/Gulf Coast Market. This is part of the evolution of UBS’s Florida market structure that was announced earlier this month by creating two distinct markets: Greater Florida/Gulf Coast and South Florida. Tyler is responsible for overseeing financial advisors in Naples, Fort Myers, Sarasota, Tampa, Clearwater, St. Petersburg, Orlando, Gainesville and Jacksonville, as well as Louisiana (New Orleans, Lafayette, and Baton Rouge), Jackson, Mississippi and Montgomery, Alabama. Tyler reports to Julie Fox, Southeast Regional Director, and is relocating to Naples, FL. In this role, Tyler also serves as Market Director for the Naples and Fort Myers branches. He most recently served as Executive Director and Senior Market Director at UBS, overseeing offices in Boulder and Denver. Prior to joining UBS in 2015, Tyler held senior leadership roles with Bank of America Merrill Lynch, managing large regional operations across multiple states. Earlier in his career, he worked in sports marketing and entrepreneurship, including roles with the Dallas Mavericks and founding a successful marketing and public relations firm. "Tyler has a proven track record of helping top performing teams at UBS thrive, grow their practice and deliver consistent results for clients,” Fox said. “Tyler is also very familiar with the Gulf Coast region, having spent earlier parts of his career there, and he’s eager to return to the area to help our business expand its presence in these critical wealth centers.” Notes to Editors About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). © UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260529689455/en/ Media Contact:
Scott Gamm
Strategy Voice Associates
scott@strategyvoiceassociates.com https://www.ubs.com Original: UBS Announces Leadership Appointments in the Southeast US Region

UBS Declares Quarterly Coupon Payment on Exchange Traded Note: AMUBMay 20, 2026 4:30 PM
Business Wire UBS Investment Bank today announced the coupon payment for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), traded on the NYSE Arca. NYSE
Ticker ETN Name and Prospectus Supplement* Coupon
Valuation
Date Ex-
Date Record Date Payment
Date Coupon
Amount Payment
Schedule Current Yield
(annualized)** AMUB ETRACS Alerian MLP Index ETN Series B 5/15/26 5/29/26 5/29/26 6/8/26 $0.3242 Quarterly 5.59% * The table above provides a hyperlink to the relevant prospectus and supplements thereto. For more information on the ETRACS ETN, see ”List of ETNs.” **"Current Yield (annualized)" equals the current Coupon Amount, multiplied by four (to annualize such coupon), divided by the Closing Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN. About ETRACS ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on either NYSE Arca or NASDAQ, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement for the ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the relevant prospectus, along with the applicable prospectus supplement and pricing supplements to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS ETNs. The applicable offering document for each ETRACS ETN may be obtained by clicking on the name of each ETRACS ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus, the applicable prospectus supplement or pricing supplement, by calling toll-free (+1-877-387-2275). The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.9 trillion dollars of invested assets as per the third quarter of 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC (http://www.sipc.org/). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC. This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Alerian MLP Index and AMZ are trademarks of VettaFi and their use is granted under a license from VettaFi. VettaFi owns and administers the Alerian Index Series. UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect. © UBS 2026. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved. ____________________________ 1 Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260520215522/en/ Media Contact
Alison Keunen
+1-212-713-2296
alison.keunen @DougS.-387-2275 Original: UBS Declares Quarterly Coupon Payment on Exchange Traded Note: AMUB

UBS Advisor Michael R. Doren Named to Forbes Best-in-State Wealth Advisors ListMay 20, 2026 11:58 AM
Business Wire UBS Global Wealth Management US announced today that Michael R. Doren, a Financial Advisor in the firm’s Florham Park, New Jersey office has been named to the Forbes Best-in-State Wealth Advisors list for 2026. “We are extremely proud to see Michael recognized on this prestigious list,” said Joseph Lombardo, Market Director at UBS. “Michael has achieved an incredible level of success as a Financial Advisor through his dedication, focus, and commitment to his clients and community.” Michael joined UBS in 2008 after 19 years at Smith Barney Shearson. With more than 35 years of experience, he focuses on helping clients simplify their financial lives through disciplined, personalized advice. Michael leads The Doren Financial Group at UBS, working with high net worth and ultra-high net worth individuals, families, and organizations to design customized strategies for wealth preservation, growth, and long-term planning. The Doren Financial Group serves a diverse client base, including business owners, executives, medical professionals, and professional athletes, with a particular focus on multi-generational wealth and complex estate planning. Michael is proud to have one of his sons, Vincent, work alongside him as a Financial Advisor on the team. Outside the office, Michael is a member of Tiro A Segno in New York City and the Society for American Baseball Research. He volunteers with Comfort Zone Camp for Grieving Children and Jersey Battered Women’s Services and serves as a varsity assistant baseball coach. The advisors featured on the 2026 Forbes Best-In-State Wealth Advisors list oversee $20.6 trillion in assets. The ranking, compiled by SHOOK Research, is based on both quantitative and qualitative factors, including interviews, and evaluates advisors nominated by their firms. For the full list and further information, please visit: https://www.forbes.com/lists/best-in-state-wealth-advisors/ Notes to Editors About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 6.1 trillion dollars of invested assets as per second quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 countries around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). https://www.ubs.com © UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings. Past performance is not an indication of future results. For press use only. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520513582/en/ Christina Aquilina
Christina.aquilina@ubs.com Original: UBS Advisor Michael R. Doren Named to Forbes Best-in-State Wealth Advisors List

UBS Optimus Foundation and co-funders commit USD 29 million to Chancen International's Future of Work Fund, scaling student financing in Rwanda, Kenya, and South AfricaMay 18, 2026 4:00 AM
PR Newswire (US) ZURICH, May 18, 2026 /PRNewswire/ -- Chancen International has announced it has secured USD 29 million for its Future of Work Fund (the FWF). The FWF is a cutting-edge funding model that uses Income Share Agreements (ISAs) and will enable more than 15,000 young people to access quality education, offering an alternative to traditional debt-based student loans and reducing financing risks. This investment in the FWF includes a new commitment from the UBS Optimus Foundation and its developed and sponsored SDG Outcomes Fund, alongside a growing community of funders. The FWF's goal is to close at USD 33 million by the end of 2026."This funding milestone is a breakthrough for the youth in Africa," said Batya Blankers, CEO of Chancen International. "With visionary partners like the UBS Optimus Foundation, we're not just financing education – we're opening doors to dignified work, social mobility, and economic empowerment for thousands of young people."By 2050, over half of the world's working-age population will reside in Africa and South Asia, with Africa emerging as the youngest and fastest-growing region globally1. This demographic shift offers a historic opportunity for a "demographic dividend" – but only if quality education, jobs, and economic growth are provided. Currently, the reality is stark: every month, one million young people in Africa enter the labor market, yet only 25% secure formal employment2. This is fueled by a continent-wide annual education funding gap of USD 70 billion3, with less than 10%4 of students having the opportunity to enroll in higher education in key markets and communities. Without investment in quality education and job creation, the potential benefits and economic growth potential of this massive workforce may remain unrealized.Tom Hall, CEO of the UBS Optimus Foundation, said: "By expanding access to quality education, thousands of young people can pursue higher education and build stronger futures. Through our investment in the Future of Work Fund, we are supporting impactful new pathways to education and employment with Income Share Agreements. Education and education equity are core principles for the UBS Optimus Foundation, which places addressing this gap at the center of its mission and portfolio."How can Income Share Agreements improve access to education?
Unlike traditional student loans, Income Share Agreements (ISA) are not debt-based-loans. These ISA, which are financed by the Future of Work Fund, offer a proven alternative to traditional loans that unlocks life-changing access to education and skills development and future employment for low-income youth in Africa. They offer:No upfront fees or collateral. Students can access education without needing a financial guarantor or taking on risk.Income-adjusted contributions. If graduates earn less, they pay less – or nothing at all. There is no compounding interest or fixed monthly burden.Repayment only when employed. Payments begin only once a graduate has secured a job and is earning above a set level.A clear end point. Contributions are made only for a defined number of years, regardless of how much was paid, offering predictability and peace of mind.Incentive alignment. When students succeed, the system succeeds. And if life doesn't go according to plan, the financial model flexes with them.A typical Chancen student benefiting from the Future of Work Fund is a young person from a rural, low-income background, with a family living on less than USD 1.90 a day on average. With USD 2,900 in education costs covered upfront, these students can pursue higher education without the barrier of unaffordable payments. Within five years, graduates are expected to earn over USD 13,000, demonstrating the transformative impact of education.Elyse's story brings this to life. Growing up in Rwanda, she dreamed of studying but couldn't afford it. Support from the Future of Work Fund allowed her to enroll in higher education without burdensome upfront costs or interest rates. Now an engineer, Elyse repays her course fees as a manageable share of her income. Her journey shows how this model opens doors for talented individuals, drives economic growth in their communities, allows meaningful returns for investors, and ultimately helps make industries in Africa more productive with highly skilled employees.Learn more about the young people who have received this funding here.How can scalability contribute to impact and return on investment?
To date, Chancen has funded over 9,000 students, and the Future of Work Fund will provide funding for a total of 15,000 young people – with the growing number of investors providing opportunities to help thousands more. By 2029, Chancen aims to expand access to tertiary education and skills training for 60,000 youth in Africa.The UBS Optimus Foundation is one of the key FWF funders, providing a total of USD 4.6 million to date and an additional USD 10 million in new funding through the SDG Outcomes Fund, a fund it both developed and sponsors. The FWF cornerstone funding committed totaled USD 14 million from organizations including Ceniarth, the Tsao Family Office, Klett Gruppe, Financing Innovation Tool (FIT) managed by ADA, family offices and UBS Optimus Foundation.About Chancen International 
Chancen International is a nonprofit organization committed to creating fair, sustainable education finance pathways across Africa. Through innovative ISA models and cross-sector partnerships, Chancen empowers underserved students to pursue higher education and meaningful employment—unlocking economic opportunity and building brighter futures.About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.9 trillion dollars of invested assets as per the first quarter 2026. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).About UBS Optimus Foundation
The UBS Optimus Foundation is a global network of ten separately organized and regulated, tax-exempt charitable organizations, founded and managed by UBS. The foundation offers UBS clients a platform to use their wealth to drive positive social and environmental change. It makes financial contributions to implementing partner organizations for solutions that have the potential to be transformative, scalable, and sustainable. Between 2021 and 2025, the UBS Optimus Foundation received 1.6 billion USD in donations, surpassing its goal of 1 billion USD for the same period.Footnotes
1 United Nations (2023): World Population Prospects 2022: Summary of Results. New York: United Nations, p. 5.
2 World Bank (2022, 2024): Africa's Pulse, Volume 30: Transforming Education for Inclusive Growth. Washington, DC: World Bank, p. 5; Demand-side Constraints to Youth Employment in Zambia: Evidence from the Third Enterprise Survey Follow-Up Round. Washington, DC: World Bank, p. 2.
3 UNESCO (2023): Policy Paper: Can countries afford their national SDG 4 benchmarks? Paris: UNESCO, p. 5.
4 UNESCO (2025): Campus Africa – What you need to know. Paris: UNESCO.
5 Values show the absolute change in the share of the population aged 15–65 between 1990 and 2020. Changes are expressed in percentage points (pp), not percent. Positive values indicate that the working-age population grew as a proportion of total population; negative values indicate relative population ageing. AI was used to support the calculation.
6 The designations employed and the presentation of the material on this map do not imply the expression of any opinion whatsoever on the part of UBS concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. This map is provided without any warranty of any kind whatsoever, either express or implied that the map or its features are either spatially or temporally accurate or fit for a particular use.Media Relations:
+44 7495 300 216 View original content to download multimedia:https://www.prnewswire.com/news-releases/ubs-optimus-foundation-and-co-funders-commit-usd-29-million-to-chancen-internationals-future-of-work-fund-scaling-student-financing-in-rwanda-kenya-and-south-africa-302773799.htmlSOURCE Chancen International Original: UBS Optimus Foundation and co-funders commit USD 29 million to Chancen International's Future of Work Fund, scaling student financing in Rwanda, Kenya, and South Africa

....IS SERGIO P. ERMOTTI trying to buy First Citizens Bank.............????..................the rub is, the FDIC sprung UBS from all of LIBOR, in order for UBS to purchase FCNCA.................the FDIC is nervous because FCNCA owns CIT, which has a huge commercial loan portfolio.............massive..............and if CIT starts to wobble..............CIT will bring down the entire First Citizens Bank.............

.....whatever...........maybe SERGIO takes a pass.....................UBS needs to increase its presence in the USA..............FCNCA would be a perfect fit, but could cost $25-billion................for $250-billion in assets.....................book value is about $17.5-billion.........DO IT SERGIO.....let's see how big your balls are.......aimho......

UBS Announces Two New Market Directors in San FranciscoMay 14, 2026 11:50 AM
Business Wire Michael Bonomo joins as Senior Market Director and Taylor Wan joins as Market Director, reporting to Market Executive Emily de la Reguera UBS today announced that Michael Bonomo has joined the firm as Senior Market Director and Taylor Wan has joined as Market Director in the San Francisco Market. Both will report to Emily de la Reguera, Market Executive for the San Francisco Market. In their new roles, Michael will be responsible for leading and growing UBS’s Private Wealth Management business across the San Francisco market. Taylor will oversee UBS’s East Bay offices, including Walnut Creek, Danville and Incline Village, with a focus on business growth, advisor development and delivering an exceptional client experience. “We are thrilled to welcome Mike and Taylor to UBS,” said Emily de la Reguera. “Both bring deep leadership experience, strong knowledge of the local landscape, and a demonstrated commitment to supporting advisors and delivering an exceptional client experience. These additions further strengthen our leadership team and our ability to serve clients across the Bay Area.” Michael joins UBS from Morgan Stanley, where he most recently helped lead the San Francisco and Seattle Private Wealth Management markets. Earlier in his career, he served as an Associate Complex Manager in Morgan Stanley’s Midtown Manhattan complex, one of the firm’s largest, before being promoted to lead the Dallas Park Cities Complex. He began his career as a Financial Advisor and later moved into a producing sales manager role at Merrill Lynch. Michael grew up in Missouri and earned his undergraduate degree from the University of Missouri–Kansas City. He also holds an MBA from Olin Business School at Washington University in St. Louis. Taylor joins UBS from Wells Fargo Advisors, where he served as Complex Manager for the East Bay, working closely with Financial Advisors and Client Associates serving affluent and high-net-worth individuals and families. He brings more than 20 years of experience in financial services and has held leadership roles at Charles Schwab, J.P. Morgan and Wells Fargo. Across his career, he has worked with advisors across bank-based, wirehouse, independent and RIA platforms. Taylor holds the CERTIFIED FINANCIAL PLANNER™ designation. He grew up in Texas and has called the Bay Area home for the past 13 years. Notes to Editors About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). © UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. For press use only. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514789046/en/ Media:
Christina Aquilina
Christina.aquilina@ubs.com https://www.ubs.com Original: UBS Announces Two New Market Directors in San Francisco

UBS Appoints Rick Penafiel as Market Executive for South FloridaMay 7, 2026 11:34 AM
Business Wire UBS today announced that Rick Penafiel will be joining the firm as Market Executive for South Florida, a newly established market reflecting the firm’s continued growth and investment across Florida. Following the conclusion of his notice period, Rick will lead UBS’s wealth management business in South Florida, which includes key wealth centers Miami, Aventura, Fort Lauderdale, Boca Raton and Palm Beach. Rick will report to Julie Fox, Southeast Regional Director, and will be based in Boca Raton. “We are thrilled to soon welcome Rick to our leadership team,” said Julie Fox. “His deep expertise, leadership experience and consistent success in building and leading high-performing wealth management teams make him uniquely suited to lead one of our most strategic growth regions. With decades of experience serving clients and an in-depth understanding of the South Florida market, Rick brings both local insight and the trust built through long-standing relationships. South Florida represents a significant growth opportunity for our firm, and this appointment underscores our ongoing commitment to attracting world-class talent as we continue to expand our wealth management offering across Florida.” Rick will bring more than three decades of wealth management experience to UBS. He will join from J.P. Morgan Wealth Management, where he most recently served as Managing Director and Regional Director of the Northeast Region, which included the Boston, Philadelphia, Washington, D.C., and New Jersey markets. Prior to that role, Rick led J.P. Morgan’s Palm Beach and Miami wealth management markets. He also spent more than a decade at Bear Stearns & Co. Rick began his career in financial services at PaineWebber. He holds a Bachelor of Science degree in finance and economics from Boston College. As part of this transition, UBS is evolving its Florida regional structure by creating two distinct markets: South Florida and Greater Florida. 19-year UBS veteran Lane Stumlauf has informed the firm of his decision to step down from his role as Florida Market Executive later this year to explore new opportunities. UBS will soon announce a Market Executive to oversee the Greater Florida market, which includes Naples, Fort Myers, Sarasota, Tampa, Clearwater, St. Petersburg, Orlando, Gainesville and Jacksonville. “Lane has been an extraordinary leader for UBS and a driving force behind the strength of our Florida region,” added Julie. “Over his nearly two decades with the firm, he has led with integrity, deep market knowledge and a strong commitment to our advisors and clients. Lane’s leadership and vision have been instrumental in building a high-performing organization across Florida, and we are incredibly grateful for his many contributions within our region and across the firm.” During his tenure at UBS, Lane served in a number of senior leadership roles, most recently as Florida Market Executive, where he oversaw the firm’s Wealth Management and Private Wealth Management businesses across 34 branch offices statewide. Previously, he led UBS’s Wealth Management and Private Wealth businesses in the Southeast Market, as well as senior leadership roles across the Northwest and West Divisions. Lane’s leadership has been recognized with multiple firm and industry honors. In 2024, he received UBS’s prestigious Ed Connelly Award for excellence in leadership, integrity, courage and a never-ending passion for helping people, as well as the John Lester Award recognizing resilience and perseverance. He has also been recognized by On Wall Street as one of its Top 100 Branch Managers and has held several senior advisory and industry leadership roles during his tenure. UBS has made significant recent investments across Florida to support its continued growth in the region. The firm has announced new offices in Ponte Vedra, Fort Myers and Coral Gables, with an additional new Boca Raton office currently underway and expected to be completed by late 2026. UBS has also announced office renovations and enhancements in Fort Lauderdale and Naples, with further investments planned later this year and into 2027. Notes to Editors About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). © UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507361498/en/ Media Contact:
Scott Gamm
Strategy Voice Associates
UBSsoutheast@strategyvoiceassociates.com https://www.ubs.com Original: UBS Appoints Rick Penafiel as Market Executive for South Florida

UBS declares coupon payments on 8 ETRACS Exchange Traded NotesMay 5, 2026 4:30 PM
Business Wire HDLB: linked to the Solactive US High Dividend Low Volatility Index SMHB: linked to the Solactive US Small Cap High Dividend Index PFFL: linked to the Solactive Preferred Stock ETF Index CEFD: linked to the S-Network Composite Closed-End Fund Index MVRL: linked to the MVIS US Mortgage REITs Index GLDI: linked to the Nasdaq Gold FLOWS™ 103 Index SLVO: linked to the Nasdaq Silver FLOWS™ 106 Index USOI: linked to the Nasdaq WTI Crude Oil FLOWS™ 106 Index UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”). NYSE Ticker ETN Name and Prospectus Supplementa Coupon Valuation Date Ex-Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized) b HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B 4/30/2026 5/13/2026 5/13/2026 5/21/2026 $0.2139 Monthly 11.03% SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B 4/30/2026 5/13/2026 5/13/2026 5/21/2026 $0.0780 Monthly 18.76% PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN 4/30/2026 5/13/2026 5/13/2026 5/21/2026 $0.0774 Monthly 10.51% CEFD ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN 4/30/2026 5/13/2026 5/13/2026 5/21/2026 $0.2155 Monthly 14.64% MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN 4/30/2026 5/13/2026 5/13/2026 5/21/2026 $0.5095 Monthly 18.55% a The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see “List of ETNs”.   b “Current Yield (annualized)” equals the current Coupon Amount and the two immediately preceding Coupon Amounts, multiplied by four (to annualize such coupons), divided by the closing Current Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.   Note: HDLB, SMHB and PFFL pay a variable monthly coupon linked to 2 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. CEFD and MVRL pay a variable monthly coupon linked to 1.5 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. Variations in the amount of monthly distributions will lead to large variations in the Current Yield as calculated above. As such, the Current Yield is not indicative of future coupon payments, if any, on these ETNs. NASDAQ Ticker ETN Name and Pricing Supplementc Closing Indicative Value on 4/30/2026 Ex-Date Record Date Payment Date Expected Coupon Amount per ETNd Payment Schedule Expected Current Yielde GLDI ETRACS Gold Shares Covered Call ETNs due February 2, 2033 $164.2171 5/20/2026 5/20/2026 5/26/2026 $4.4271 Monthly 26.50%f SLVO ETRACS Silver Shares Covered Call ETNs due April 21, 2033 $86.1058 5/20/2026 5/20/2026 5/26/2026 $4.7256 Monthly 62.95%f USOI ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 $57.8727 5/20/2026 5/20/2026 5/26/2026 $2.8511 Monthly 80.29%f c The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names.   d On April 13, 2026, the Nasdaq Gold FLOWS™ 103 Index, the Nasdaq Silver FLOWS™ 106 Index and the Nasdaq WTI Crude Oil FLOWS™ 106 Index (the “Indices”) concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively, with May 2026 expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on May 11, 2026, subject to adjustment in the event of any market disruption events. Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on May 11, 2026, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount per ETN. The Expected Coupon Amount per ETN is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.   e For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Expected Current Yield, which is based on an ETN’s Expected Coupon Amount and its two most recent coupon payments, is not indicative of future coupon payments, if any, on the ETNs. In particular, future coupon payments on an ETN may differ significantly from its Expected Current Yield, if its Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Expected Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero. Accordingly, the Expected Current Yield will change over time, and such change may be significant. Any payment on the ETNs is subject to UBS AG’s ability to pay its obligations as they become due. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.   f“Expected Current Yield” equals the sum of (i) the Expected Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such coupons), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that constitute “forward-looking statements” that are subject to risks and uncertainties, and actual results may differ materially. These statements could contain words such as “possible,” “intend,” “will,” “may,” “intends,” “would,” “if,” “expect,” “potentially” or other similar expressions. Forward-looking statements, including those relating to UBS AG’s plans for the ETNs, are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. While these forward-looking statements represent UBS’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors, including whether UBS AG will actually declare a Coupon Amount for the 3 ETNs traded on NASDAQ, could cause actual developments and results to differ materially from UBS’s expectations. For a discussion of the risks and uncertainties that may affect the ETNs please refer to the "Risk Factors" in the prospectus supplements and pricing supplement relating to the 3 ETNs traded on NASDAQ. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. About ETRACS ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on either NYSE Arca or NASDAQ, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement for the ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the relevant prospectus, along with the applicable prospectus supplement and pricing supplements to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS ETNs. The applicable offering document for each ETRACS ETN may be obtained by clicking on the name of each ETRACS ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus, the applicable prospectus supplement or pricing supplement, by calling toll-free (+1-877-387-2275). The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.9 trillion dollars of invested assets as per the third quarter of 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC (http://www.sipc.org/). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC. This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. With respect to Solactive US High Dividend Low Volatility Index, Solactive US Small Cap High Dividend Index or Solactive Preferred Stock ETF Index, the financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The S-Network Composite Closed-End Fund Index is a service mark of S-Network Global Indexes, Inc. (“S-Network”) and its use is granted under a license from S-Network. S-Network does not guarantee the accuracy and/or completeness of the S-Network Composite Closed-End Fund Index or any data included therein, and S-Network shall have no liability for any errors, omissions, interruptions, or defects therein. S-Network makes no warranty, express or implied, representations or promises, as to results to be obtained by UBS AG, or any other person or entity from the use of the S-Network Composite Closed-End Fund Index or any data included therein. S-Network makes no express or implied warranties, representations or promises, regarding the originality, merchantability, suitability, non-infringement, or fitness for a particular purpose or use with respect to the S-Network Composite Closed-End Fund Index or any data included therein. Without limiting any of the foregoing, in no event shall S-Network have any liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including lost profits), even if notified of the possibility of such damages. The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (“MVRL ETN”) is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the MVRL ETN or any member of the public regarding the advisability of investing in securities generally or in the MVRL ETN particularly or the ability of the Market Vectors® MVIS US Mortgage REITs Index to track the performance of the US mortgage REIT market. UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect. © UBS 2026. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved. 1 Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260505022163/en/ Media contact
Alison Keunen
+1-212-713-2296
alison.keunen@ubs.com Institutional Investor contact1
+1-877-387-2275 Original: UBS declares coupon payments on 8 ETRACS Exchange Traded Notes

UBS Hires Advisors Harlan S. Levinson and Louis F. Vargas in New York CityMay 4, 2026 11:30 AM
Business Wire
UBS today announced that Harlan S. Levinson and Louis F. Vargas have joined the firm as Financial Advisors. The Levinson Vargas Group joins the UBS Manhattan Market, led by Market Executive Kellie Brady, and is based in the firm’s 299 Park Avenue location. They report to Market Director Demie Kommatas.


“We’re excited and proud to welcome Harlan and Louis to UBS,” said Kellie Brady. “Their strong track records and deep commitment to client service make them a great fit for our Manhattan market as we continue to invest in top advisory talent.”


“Harlan and Louis bring extensive experience addressing complex client needs through sophisticated, customized solutions. Their client-first approach and focus on best-in-class service make them tremendous additions to our firm,” added Demie Kommatas.


Harlan Levinson advises a diverse client base that includes advertising and entertainment professionals, entrepreneurs, corporate executives, and families. He focuses on customized wealth accumulation and preservation strategies designed to support clients’ long-term goals. Harlan takes a hands-on, relationship-driven approach, beginning each engagement with an in-depth discussion of goals, timelines and risk tolerance. His experience spans areas including retirement planning, trusts and estates, generational wealth transfer and asset organization, as well as planning considerations for LGBT individuals and domestic partners. Harlan is a graduate of Lafayette College.


Louis Vargas brings more than 15 years of experience advising high-net-worth individuals, families and business owners. He has deep expertise in investment strategies, financial and corporate retirement planning, options strategies and risk management. Louis takes a holistic approach to wealth management, developing comprehensive financial plans that integrate investment management, tax efficiency, estate planning, and retirement strategies. His experience includes guiding clients through complex financial situations such as business succession planning, intergenerational wealth transfers and philanthropic endeavors.


Louis holds a bachelor's degree in Accounting from Rider University, is a Retirement Plan Consultant and holds the Certified Plan Fiduciary Advisor (CPFA®) designation.


Notes to Editors


About UBS

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


https://www.ubs.com


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504357061/en/
Media Contact:

Christina Aquilina

Christina.aquilina@ubs.com




Original: UBS Hires Advisors Harlan S. Levinson and Louis F. Vargas in New York City

UBS Appoints Jeremy Autry as Market Director in the Manhattan MarketMay 4, 2026 11:09 AM
Business Wire
UBS today announced that Jeremy Autry has joined the firm as a Market Director in the Manhattan Market. He will be based in UBS’s 1285 Avenue of the Americas location and report to Manhattan Market Executive Kellie Brady.


In his new role, Jeremy will partner closely with financial advisors and teams across the market to drive growth, strengthen collaboration and further enhance the client experience by leveraging the full breadth of UBS’s global wealth management platform.


“Jeremy is a proven leader with deep experience supporting advisors and helping them deliver thoughtful, client-centric solutions,” said Kellie Brady. “His passion for financial planning and strategic leadership makes him an excellent fit for our Manhattan market, and we are excited to welcome him to UBS.”


Jeremy brings 25 years of financial services experience, having worked extensively in partnership with financial advisors and planners, as well as serving the complex needs of individuals and families. Prior to joining UBS, he served as Associate Market Manager for the 5th Avenue Market at Morgan Stanley, where he held leadership roles spanning sales, financial planning, and wholesale distribution.


Throughout his career, Jeremy has focused on helping financial professionals leverage the full capabilities of their organizations to deliver tailored solutions for complex client needs. He believes financial planning is the foundation for strong client relationships and informed investment decision-making.


Jeremy earned his bachelor’s degree from the University of Connecticut and is a CERTIFIED FINANCIAL PLANNER™ professional.


Jeremy’s appointment reflects UBS’s continued investment in leadership, talent, and long-term growth in the Manhattan Market.


Notes to Editors


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


https://www.ubs.com


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504982396/en/
Media Contact:

Christina Aquilina

Christina.aquilina@ubs.com


Original: UBS Appoints Jeremy Autry as Market Director in the Manhattan Market

34 UBS advisor teams in Southern California and Hawaii named to Forbes Best-in-State Wealth Management Teams listApril 30, 2026 2:43 PM
Business Wire
UBS Wealth Management US announced today that 34 financial advisor teams with offices in the Southern California and Hawaii areas of the firm’s Pacific Desert Market have been named to the Forbes Best-In-State Wealth Management Teams list for 2026.


The Pacific Desert market is led by UBS Wealth Management Market Executive Justine Frame who says that it’s gratifying to see these teams recognized for their talent and commitment.


“These private and high-net-worth wealth advisory teams play an essential role in providing comprehensive, personalized wealth management and investment guidance to help our clients reach their financial goals. We congratulate them on this outstanding recognition,” says Frame.


The teams included on the list are as follows:


Honolulu: High Net Worth Teams



The Megorden Group (#3): Matthew Megorden, Todd Iacovelli



Hawaii Ascendant Wealth Consultants (#8): Dan Shiu, John Miyamasu, Jenny Do



Zenith Advisors (#22): Lori Hamano, Kyle Yoneshige, Ian Rhee



Orange County, CA: High Net Worth Teams



Newport Legacy Wealth Management (#2), Newport Beach: Marc Foster, Brian Gooding, Blake Foster, Doug Cosgrove



The Katzaroff Kottmeier Thompson Group (#4), Irvine: Joseph Katzaroff, Sasha Kottmeier, Taylor Thompson



The Price Group (#6), Irvine: Christopher R. Price, Cameron J. Price, Dana B. Terry, Justin Equitz, Timothy Marshall



Stumpo Sikorski Wealth Management (#8), Seal Beach: Gino Stumpo, Mark Sikorski



CBM Wealth Management (#9), Seal Beach: Lisa Chapman, Natalie Barron, Lindsay Mais



Signature Legacy Wealth Advisors (#21), Newport Beach: Thomas Podmajersky, Nicholas Villasenor, Tyler B. Smith, Daniel Stevens



Newport Center Wealth Management (#23), Newport Beach: James C. Riley, Adam Koyanagi, Dean Riley, Travis Smith, Steven Smith



Miremadi-Heintz Group (#66), Newport Beach: Michael Miremadi, Christopher Heintz



The Ling Group (#134), Brea: Evan Ling, Benjamin Ling, Felix Ling



Orange County, CA: Private Wealth Teams



Spyglass Hill Advisors (#21), Newport Beach: Tim Thatcher



The Pitzak Group (#23), Newport Beach: Christopher Pitzak, Reid Chase



Weber Financial Group (#25), Newport Beach: Steven Weber, Christopher Weber



Additional UBS Private Wealth teams making the Forbes Best-In-State Wealth Management Teams lists for 2026 that have a presence in Orange County, CA include:



NewCoast Wealth Advisors (#1 in New Mexico): Ed Levin, John Vazquez, Manuel Monasterio



Wise River Advisors (#3), Los Angeles: Barry Porter, James Axelson, Jeff Hamilton, Tim Bremner



Additional UBS High Net Worth teams making the Forbes Best-In-State Wealth Management Teams lists for 2026 that have a presence in Orange County, CA include:



The Sabaugh Group (#22 in Kansas): Jason Sabaugh, Brian Henderson, Sam Sabaugh, Michael Sabaugh



Bel-Air Wealth Management (#5 in California): David Selig, Todd Feiereisen, Mark Tunney, John Acker



FMCC Wealth Management (#35 in California): Phil Carpenter, Leslie Chang, Scott Fortner, Donald Moulton



Riverside County, CA: High Net Worth Teams



Aligned Wealth Partners (#80), Indian Wells: Thomas Flanagan, James K. Bruner, Patrick Lizza, Cody Finley



The Pinnacle Wealth Team (#88), Riverside: Scott Morris, Michael Bates



San Diego: High Net Worth Teams



The Thompson Wealth Management Group (#14), San Diego: Earl Thompson, Bryan Thompson, Scott Hollaender



RKG Wealth Management (#27), San Diego: Andy Ratner, Tom Krumenacker, Christina Gustin



Highlands Wealth Management (#32), San Diego: Thomas McMullen, Piet Aldrich, Benjamin Nussbaum, Nicholas Pavle



San Diego Wealth Management (#53), San Diego: Jeffrey Adams, Brian Young, Judith Seaver



Torrey Pines Wealth (#60), San Diego: Steven DeMatteo, Brad Hyldahl, Michael Del Vecchio, Lori Robinson, Ryan Peterson



SGM Wealth Management (#61), La Jolla: Scott Sugarman, Glenn Sage, Michael Tusan, Trevor Howard



Prospect Wealth Partners (#71), La Jolla: Brian Donaldson, Alex Howell, Frank Baldwin



Gleeson Green Wealth Management (#96), San Diego: Candice Gleeson, Ryan Green



Dawson Wealth Management Group (#119), San Diego: Edward L. Dawson, Patty Bribiesca, Adrianne Hoy



San Diego: Private Wealth Teams



Paradigm Group (#6), La Jolla: Braydon Hamilton, Stephen LaFata, Colin Parker



Coastal Advisors (#8), La Jolla: Dan Gallagher, Blair Cannon, Chris Marsh, Dustin Rief, Carolin Botzenhardt



Continuum Wealth Advisors (#28), La Jolla: Chris Radici, Andrew Galewski



The fourth annual ranking features more than 6,100 teams overseeing a combined $8.3 trillion in client assets. The list was compiled by SHOOK Research using quantitative data and qualitative insights, including interviews with candidates nominated by their firms, to rank the teams.


For the full list visit: Forbes 2026 Best-In-State Wealth Management Teams list


Notes to Editors: Photos available upon request


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions, and products. Headquartered in Zurich, Switzerland, the firm operates in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


© UBS 2025. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Although neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings, UBS may hire RJ Shook to be a speaker for events. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428973517/en/
Media Contact:

Hilary McCarthy

hilary@clearpointagency.com

774-364-1440

https://www.ubs.com


Original: 34 UBS advisor teams in Southern California and Hawaii named to Forbes Best-in-State Wealth Management Teams list

10 UBS advisor teams in Arizona named to Forbes Best-in-State Wealth Management Teams listApril 30, 2026 2:20 PM
Business Wire
UBS Wealth Management US announced today that 10 of its Arizona-based wealth management teams have been named to the Forbes Best-in-State Wealth Management Teams list for 2026, with The Schultz Group in Phoenix ranking as the #1 High Net Worth Team in Arizona, as it did in 2023 and 2025.


The Arizona UBS Wealth Management teams are managed by UBS Executive Director Ryan Lurie.


“Our advisor teams in Arizona are dedicated to providing personalized, comprehensive financial plans to specifically address a client’s evolving financial goals throughout their stages of life,” says Lurie. “We couldn’t be more proud of our talented teams for this recognition, and of The Schultz Group, for being named the top team in Arizona by Forbes for the third time. Congratulations to all of these outstanding teams.”


The Schultz Group was also recently listed as the number one team in Arizona on the Forbes America’s 2025 Top Wealth Management Teams High Net Worth.


The UBS Wealth Management Arizona teams named to the 2026 Forbes Best-in-State Wealth Management Teams are:


Phoenix


The Schultz Group, (#1 in the state); Steven Schultz, Stockton Schultz, and Justin Low.


The Biltmore Financial Group, (#10); T. Ryan Moore, Michael Bell, and Tyson Tibshraeny.


Mountain View Wealth Management, (#63); Anthony Bebbington and Dipen Patel.


Bahbah Sobers Wealth Management, (#71); As’ad Bahbah and Bill Sobers.


Fann Wealth Management, (#74); Larry Fann.


Tucson


Cadence Wealth Management (#11); Aaron Rottenstein, Ileana Dominguez, Stephen Hazel, and Seul Gee (Jen) Lee-Mitchell.


M&A Wealth Management, (#70); Matthew Meyer, Nicholas Abdy, and Jonathan Mitchell.


Scottsdale


VAULT Wealth Management Partners, (#8); Richard Schneider, James Engel, Kirk Johnson, Katrina Hanks, and Robin Allen.


Impact Wealth Management, (#37); Jennifer Pope, Scott Watson, Andy Ruboyianes, and Robert Lehnhardt.


Bailey Wealth Management, (#72); Susan Bailey and Jessica Bailey.


The fourth annual Forbes|SHOOK Best-In-State Wealth Management Teams list features more than 6,100 teams overseeing a combined $8.3 trillion in client assets. The list was compiled by SHOOK Research using quantitative data and qualitative insights, including interviews with candidates nominated by their firms.


Full Forbes 2026 Best-In-State Wealth Management Teams list.


Notes to Editors: Photos available upon request


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm operates in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


Notes to Editors: Photos available upon request


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Although neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings, UBS may hire RJ Shook to be a speaker for events. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428300208/en/
Media Contact:

Hilary McCarthy

hilary@clearpointagency.com

774-364-1440


https://www.ubs.com


Original: 10 UBS advisor teams in Arizona named to Forbes Best-in-State Wealth Management Teams list

UBS hires Financial Advisor Luke Naes in Boulder, ColoradoApril 30, 2026 10:42 AM
Business Wire
UBS today announced that Luke Naes has joined the firm as a Financial Advisor in its Boulder, Colorado office. He joins the UBS Mountain West Market, led by Market Executive Mitch Markley and Senior Market Director Tyler Hutchens.


Luke joins UBS Private Wealth Management from Bank of America Private Bank, where he advised high-net-worth individuals, families, business owners and institutions on portfolio management and wealth planning strategies. He brings a decade of experience helping clients navigate evolving market conditions while aligning investment strategies with their financial goals, risk tolerance and liquidity needs.


“Luke brings a thoughtful, client-focused approach and deep experience advising sophisticated clients through complex financial decisions,” said Mitch Markley, Market Executive at UBS. “His background working with business owners and executives, particularly around liquidity events, makes him a strong addition to our Boulder office and the broader Mountain West region.”


Luke primarily works with successful business owners and executives, with a particular focus on pre-liquidity event planning and post-liquidity event wealth management. He partners closely with clients to help them navigate the decisions that come before, during and after a major transaction, building long-term, collaborative relationships grounded in trust, clear communication and a deep understanding of each client’s personal and financial priorities.


“Luke’s experience guiding clients through pivotal moments – from preparing for a transaction to managing wealth afterward – aligns well with how we serve clients at UBS,” said Tyler Hutchens, Senior Market Director at UBS. “We are pleased to welcome him to the team and look forward to supporting his continued growth and success at the firm.”


Luke has served clients since 2015 and holds registrations as a general securities representative and investment adviser representative.


A Colorado native, Luke grew up in Parker and earned his undergraduate degrees in Accounting and Finance, as well as his MBA, from the University of Colorado Boulder.


Notes to Editors


About UBS

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


https://www.ubs.com


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430357028/en/
Media Contact:

Christina Aquilina

Christina.aquilina@ubs.com


Original: UBS hires Financial Advisor Luke Naes in Boulder, Colorado

UBS Profit Surges 80% in Q1, Tops ForecastsApril 29, 2026 5:59 AM
IH Market News
UBS Group AG (NYSE:UBS) reported first-quarter net profit on Wednesday that exceeded expectations, supported by strong contributions from its wealth management and investment banking divisions.Net profit for the three months ending March 31 climbed 80% year over year to $3.0 billion, the bank said in a statement, comfortably ahead of Bloomberg consensus estimates of $2.42 billion.UBS highlighted solid performance across its global wealth management, asset management, and investment banking businesses, with its trading operations benefiting in particular from heightened market volatility in recent months.The bank also said it remains on course to “substantially complete” the integration of Credit Suisse by the end of the year, which is expected to unlock further growth and efficiency improvements.UBS pointed to a strong capital position and confirmed it is on track to complete $3 billion in share buybacks by the end of the second quarter, with additional repurchases planned later in the year.UBS stock price

Original: UBS Profit Surges 80% in Q1, Tops Forecasts

UBS reports USD 3.0bn net profit and 16.8% RoCET1 in 1Q26 driven by strong client activity and flows; on track to complete integration by year-end (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)April 29, 2026 12:45 AM
Business Wire
Regulatory News:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428614015/en/Sergio P. Ermotti quote
UBS (NYSE:UBS) (SWX:UBSN):


“In the first quarter we continued helping clients navigate a volatile and unpredictable geopolitical and market environment, leveraging the strength and breadth of our global, diversified franchise. We delivered excellent financial results and remain on track to deliver on our financial objectives for 2026.


Having now successfully transferred all client accounts in Switzerland, we achieved another crucial milestone in one of the most complex integrations in banking history. We are confident in substantially completing the integration by year-end, positioning us for further sustainable growth.


On the topic of Swiss capital requirements, we will continue to engage constructively and contribute to fact-based deliberations. These developments do not, and will not, change who we are as a firm. We remain committed to our diversified business model and our global and regional footprint.


We are fully committed to protecting our shareholders while mitigating the impact of these increased requirements, if possible, on our clients, employees and the communities where we live and work.”


Sergio P. Ermotti, Group CEO




Selected financials for 1Q26








USD 3.0bn




Net profit






16.8%




RoCET1 capital






USD 3.8bn




Profit before tax






72.5%




Cost/income ratio






14.7%




CET1 capital ratio











 



USD 0.94




Diluted EPS






17.0%




Underlying1

RoCET1 capital






USD 4.0bn




Underlying1




profit before tax






70.2%




Underlying1

cost/income ratio






4.4%




CET1 leverage ratio







Highlights


Excellent 1Q26 performance with net profit up 80% YoY to USD 3.0bn, return on CET1 capital (RoCET1) of 16.8% and underlying1 RoCET1 of 17.0%


Strong momentum with clients driving asset inflows and trading activity. Global Wealth Management (GWM) net new assets of USD 37bn, Asset Management net new money USD 14bn. GWM transaction-based income up 17% YoY; Investment Bank revenues up 27% YoY driven by record Global Markets and higher Global Banking


Successful completion of client account migrations following the transfer of all Swiss-booked clients onto UBS platforms, paving the way to substantially complete the integration by year-end and unlocking potential for further growth and efficiency gains. Delivered additional USD 0.8bn in cost reductions, bringing total cumulative savings to USD 11.5bn


A reliable partner for the Swiss economy; supporting clients with our leading credit offering and unique global capabilities and footprint. In 1Q26, granted or renewed CHF ~40bn of loans to Swiss businesses and households


Maintaining strong balance sheet and attractive capital returns supported by our capital-generative business model; CET1 capital ratio of 14.7% and 4.4% CET1 leverage ratio; accrued for mid-teens percentage growth in dividend and repurchased USD 0.9bn of shares; on-track to buy back USD 3bn in shares by 2Q results with aim to do more by year-end2


Committed to our global diversified business model; contributing to fact-based deliberations on the Swiss capital framework; remaining focused on protecting the interests of our shareholders while mitigating the impact, if possible, on our clients and employees




Information in this news release is presented for UBS Group AG on a consolidated basis unless otherwise specified. 1 Underlying results exclude items of profit or loss that management believes are not representative of the underlying performance. Underlying results are a non-GAAP financial measure and alternative performance measure (APM). Refer to “Group Performance” and “Appendix-Alternative Performance Measures” in the financial report for the first quarter of 2026 for a reconciliation of underlying to reported results and definitions of the APMs. 2 The amount of additional buybacks is subject to our financial performance and outlook, maintaining a CET1 capital ratio of around 14% at year-end, and visibility on parliamentary deliberations on the treatment of foreign participations.







First quarter 2026 performance overview


Strong financial performance driven by franchise strength and client momentum


In 1Q26, we reported a profit before tax (PBT) of USD 3,841m and underlying PBT of USD 3,990m, up 80% YoY and 54% YoY, respectively. Continued revenue growth in our core franchises and disciplined execution of our gross cost-reduction plans led to the fourth consecutive quarter of positive operating leverage with reported revenues outpacing reported costs by 13 percentage points in the quarter.


Global Wealth Management (GWM) net new assets for the quarter reached USD 37.4bn, representing a 3.1% annualized growth rate, with positive flows across all regions, supported by strong demand for our discretionary mandates. Net new money in Asset Management reached USD 14.0bn, an annualized growth rate of 2.7%, led by strong ETF momentum and robust inflows into the separately managed account (SMA) offering. Group invested assets were USD 6.9trn at the end of the quarter, with impacts of lower markets and FX only partly offset by net asset inflows.


Reported revenues were USD 14,243m, up 13% YoY. On an underlying basis, revenues increased by 15% to USD 13,644m, driven by an 18% YoY increase in core franchises revenues. We saw particular strength in GWM with a 10% growth in underlying recurring net fee income and an 17% YoY rise in underlying transaction-based income, as well as in the Investment Bank, where Global Markets underlying revenues increased 31% YoY to an all-time-high of USD 3,252m driven by records in our Equities and Foreign Exchange, Rates, and Credit businesses. Global Banking underlying revenues were up 30%, with a standout quarter in Equity Capital Markets.


We also continued to support businesses and households in Switzerland with our global reach, advice and expertise. Our balance sheet for all seasons also gives our clients the stability they need while allowing us to remain a leading provider of credit to the economy. We have granted or renewed CHF ~40bn of loans in 1Q26 to Swiss businesses and households.


Successfully completed client account migrations


With the transfers of the last Swiss-booked client accounts onto the UBS infrastructure in March, we have successfully completed the migration of around 1.2 million clients globally.


This critical milestone in the integration of Credit Suisse creates new opportunities for growth and innovation, strengthens our position for the long-term, and unlocks further efficiencies to be realized as we progress towards substantially completing the integration by the year-end.


Through our disciplined execution and further reduction of the Non-core and Legacy unit we delivered an additional USD 0.8bn in Group-wide gross cost saves in the quarter. Cumulative gross cost savings reached USD 11.5bn at the end of 1Q26. We also continue to decommission legacy technology infrastructure and applications. To date we have retired ~1,700 (or 60%) of business applications in scope and switched off 76,000 servers (71% of total in scope).


As we continue to achieve our integration milestones and drive business momentum, we remain confident that we can deliver against our 2026-exit rate targets of an underlying ~15% return on CET1 capital and underlying cost/income (C/I) ratio of 4%, respectively.


In the quarter, we also continued to execute our capital distributions, having repurchased USD 0.9bn of shares and accrued for a mid-teens growth in dividend. We are on track to buy back USD 3bn in shares by the time we report 2Q26 earnings with an aim to do more by year-end, subject to our financial performance and outlook, maintaining a CET1 capital ratio of around 14% at year-end, and visibility on parliamentary deliberations on the treatment of foreign participations.


Investing for sustainable long-term growth


We remain focused on investing into our talent, offering, and technology, including award-winning AI solutions to enhance our client experience, further strengthen our infrastructure and drive efficiency to position us for the future.


We have received a final approval for a National Bank Charter in the US, supporting our long-term growth ambitions in the region.


We also continue to develop innovative AI solutions that complement our offering and enable us to deliver impactful outcomes faster and incrementally, with continued progress in reshaping our business capabilities and enhancing employee productivity. We already have over 500 live use cases of AI across the bank with around 750 use cases in development and are progressing on our 9 large-scale, end-to-end transformational initiatives.


Our strategic approach to applying AI at scale to support Financial Advisors through our Smart Technologies and Advanced Analytics Team (STAAT) was recognized by the Financial Times at the Professional Wealth Management Wealth Tech Awards, which named UBS as the Best Wealth Management Firm for Use of AI in the US.


Changes to the regulatory regime in Switzerland


In April 2026, the Swiss Federal Council published its final amendments to the Capital Adequacy Ordinance (the CAO) specifying the regulatory capital treatment of selected assets. Under the amended ordinance, UBS’s capitalized software will be subject to an amortization of a maximum of three years for regulatory capital purposes, irrespective of the actual economic useful life. In addition, prudential valuation adjustments will be revised, resulting in higher capital deductions for assets and liabilities that are subject to valuation uncertainty. The capital treatment of deferred tax assets arising from temporary differences remains unchanged. The amendments to the CAO will become effective on 1 January 2027, except for the revised capital treatment of capitalized software, which will apply from 1 January 2029.


Regarding additional tier 1 (AT1) capital instruments, the Swiss Federal Council has decided not to proceed with the adjustments proposed in June 2025. The Swiss Federal Council also finalized measures that aim to enable the Swiss Financial Market Supervisory Authority (FINMA) and other authorities to better assess the liquidity of banks in a stressed situation.


In addition, the Swiss Federal Council submitted to the Swiss Parliament its final proposal for amendments to the Banking Act that govern the capital treatment of systemically important banks’ investments in foreign subsidiaries. This proposal will now be deliberated by the Swiss Parliament. Under the proposal, investments in foreign subsidiaries would be fully deducted from UBS AG’s standalone common equity tier 1 (CET1) capital. The amendments would be phased in over seven years, with a 65% deduction requirement in the first year and increasing to 100% by 5-percentage-point increments each year.


For UBS AG standalone, the amendments at the ordinance level related to capitalized software and prudential valuation adjustments, once fully implemented, are expected to have a net CET1 capital impact of approximately USD 2bn. The proposed full deduction of investments in foreign subsidiaries would require UBS AG standalone to hold additional CET1 capital of around USD 20bn. The total incremental CET1 capital would amount to around USD 22bn required at the UBS AG standalone level. At the Group level, the amendments at ordinance level will lead to a derecognition of around USD 4bn of net CET1 capital. These estimates have been calculated based on UBS Group AG’s consolidated balance sheet as of 31 December 2025, assuming that all capital measures are adopted as currently proposed and using an assumed CET1 capital ratio of 12.5% for UBS AG and 14.0% for UBS Group.


The incremental capital requirement of USD 22bn mentioned above would come on top of the USD 15bn of capital required as a result of the Credit Suisse acquisition. This includes around USD 9bn in response to the abolition of regulatory concessions that had been granted to Credit Suisse and around USD 6bn to meet the progressive requirements due to the increased size and higher market share of the combined business. On this basis, UBS would be required to hold around USD 37bn of additional CET1 capital in total.


Outlook


As we move through the second quarter, markets have remained broadly resilient, reflecting expectations that a durable diplomatic solution to the Middle East conflict is achievable. That said, while client activity remains healthy, risks are still elevated, and conditions could shift rapidly, which may impact client sentiment and activity levels.


In this environment, our focus remains on supporting clients through disciplined execution, a prudent and selective investment approach focused on diversification and principal protection.


We expect second quarter net interest income in both Global Wealth Management and Personal & Corporate Banking to be broadly flat sequentially.


The current backdrop reinforces the benefits of our balance sheet for all seasons, and we are confident in delivering on our 2026 financial targets while continuing to invest in sustainable growth and long-term value creation.


First quarter 2026 performance overview


Group PBT USD 3,841m, underlying PBT USD 3,990m


PBT of USD 3,841m included PPA effects and other integration items of USD 472m, a gain related to the Swisscard transactions of USD 163m, of which USD 128m has been excluded from underlying results, and integration-related expenses and PPA effects of USD 750m. Underlying PBT was USD 3,990m, including net credit loss expenses of USD 70m. The cost/income ratio was 72.5%, and 70.2% on an underlying basis. Net profit attributable to shareholders was USD 3,040m, with diluted earnings per share of USD 0.94. Return on CET1 capital was 16.8%, and 17.0% on an underlying basis.


Global Wealth Management (GWM) PBT USD 1,792m, underlying PBT USD 1,974m


Total revenues increased by USD 684m, or 11%, to USD 7,106m, driven by higher recurring net fee income, transaction-based income and net interest income, partly offset by lower other revenues, and included a USD 40m decrease in PPA effects and other integration items. Excluding USD 125m of PPA effects and other integration items, underlying total revenues were USD 6,981m, an increase of 12%. Net credit loss expenses were USD 9m, compared with net credit loss expenses of USD 6m in the first quarter of 2025. Operating expenses increased by USD 248m, or 5%, to USD 5,305m and included a USD 48m decrease in integration-related expenses. Excluding USD 307m of integration-related expenses and PPA effects, underlying operating expenses were USD 4,998m, an increase of 6%, mainly driven by adverse foreign currency effects and higher variable compensation, largely related to an increase in financial advisor compensation, resulting from higher compensable revenues. The cost/income ratio was 74.7%, and 71.6% on an underlying basis. Invested assets decreased sequentially by USD 85bn to USD 4,668bn. Net new assets were USD 37.4bn.


Personal & Corporate Banking (P&C) PBT CHF 809m, underlying PBT CHF 710m


Total revenues increased by CHF 40m, or 2%, to CHF 2,029m, mainly reflecting higher other revenues and transaction-based income, partly offset by lower net interest income. Total revenues in the first quarter of 2026 included a gain of CHF 126m related to the Swisscard transactions, of which CHF 99m has been excluded from underlying results, compared with a gain of CHF 58m in the first quarter of 2025. Excluding CHF 174m of PPA effects and other integration items and the aforementioned gain of CHF 99m, underlying total revenues were CHF 1,756m, an increase of 3%. Net credit loss expenses were CHF 55m, reflecting net expenses on credit-impaired positions, which primarily related to a small number of corporate counterparties, and net expenses related to performing positions. Net credit loss expenses were CHF 48m in the first quarter of 2025. Operating expenses decreased by CHF 232m, or 17%, to CHF 1,164m and included a CHF 4m increase in integration-related expenses. The first quarter of 2025 included a CHF 164m expense related to the Swisscard transactions. Excluding CHF 174m of integration-related expenses and PPA effects, underlying operating expenses were CHF 990m, a decrease of 7%, mainly reflecting cost synergies. The cost/income ratio was 57.4%, and 56.4% on an underlying basis.


Asset Management (AM) PBT USD 217m, underlying PBT USD 252m


Total revenues increased by USD 31m, or 4%, to USD 772m, mainly due to higher net management fees, partly offset by lower performance fees. Operating expenses decreased by USD 51m, or 8%, to USD 555m and included a USD 38m decrease in integration-related expenses. Excluding integration-related expenses of USD 35m, underlying operating expenses were USD 520m, a decrease of 2%, mainly due to lower non-personnel and personnel expenses, despite unfavorable foreign currency effects, and included the effects from the O’Connor business exit. The cost/income ratio was 71.9%, and 67.4% on an underlying basis. Invested assets decreased sequentially by USD 34bn to USD 2,064bn. Net new money was USD 14.0bn, and USD 13.8bn excluding money market flows and associates.


Investment Bank (IB) PBT USD 1,205m, underlying PBT USD 1,216m


Total revenues increased by USD 871m, or 27%, to USD 4,054m, mainly due to higher revenues in Global Markets and Global Banking, partly offset by a USD 70m decrease in PPA effects, and included positive foreign currency effects. Excluding USD 68m of PPA effects and other integration items, underlying total revenues were USD 3,986m, an increase of 31%. Net credit loss expenses were USD 65m, compared with net credit loss expenses of USD 35m in the first quarter of 2025. Net expenses on performing positions were largely due to post-model adjustments in the corporate lending portfolio, reflecting current macroeconomic and geopolitical uncertainty. Net expenses on credit-impaired positions primarily related to a small number of corporate counterparties across industry sectors and included a USD 72m release following the repayment of a corporate lending exposure. Operating expenses increased by USD 357m, or 15%, to USD 2,784m and included a USD 33m decrease in integration-related expenses. Excluding integration-related expenses of USD 79m, underlying operating expenses were USD 2,705m, an increase of 17%, mainly due to higher personnel expenses and adverse foreign currency effects. The cost/income ratio was 68.7%, and 67.9% on an underlying basis. Return on attributed equity was 24.7%, and 24.9% on an underlying basis.


Non-core and Legacy (NCL) PBT USD (155m), underlying PBT USD (97m)


Total revenues were negative USD 10m, compared with total revenues of USD 284m, mainly reflecting lower net interest income from securitized products and credit products, as a result of a smaller portfolio, and lower net gains from position exits, partly offset by lower liquidity and funding costs. Total revenues in the first quarter of 2025 included a gain of USD 97m from the sale of Select Portfolio Servicing, the US mortgage servicing business of Credit Suisse. Net credit loss releases were USD 74m, predominantly driven by an USD 85m release following the repayment of a corporate lending exposure. Net credit loss expenses were USD 7m in the first quarter of 2025. Operating expenses were USD 219m, a decrease of USD 450m, or 67%, mainly reflecting lower technology costs, premises and facilities costs, personnel expenses, and professional fees, and included a USD 133m decrease in integration-related expenses. Excluding integration-related expenses of USD 58m, underlying operating expenses were USD 160m.


Group Items PBT USD (258m), underlying PBT USD (265m)




3 Also accounts for credit loss expenses/releases incurred in a given period.







UBS’s sustainability and impact highlights


Our 2025 Sustainability Report was published in March and ratified by shareholders at the UBS Annual General Meeting through an advisory vote, receiving 89.2% support. The report reaffirmed our ambition to position UBS as a leader in sustainability, guided by our three strategic pillars – Protect, Grow and Attract – and our commitment to supporting clients as they transition to a low-carbon economy.


In 2025, we made significant progress towards our Scope 1 and 2 net-zero target, reducing emissions by 48% cumulatively against the 2023 baseline and by 20% year-on-year. These reductions were achieved through energy-efficiency initiatives and increased use of renewable electricity. For Scope 3 emissions, we remain committed to our lending sector decarbonization targets in priority sectors and to further developing our approach to transition finance.


External recognition


Our progress was reflected in key environmental, social and governance (ESG) ratings. MSCI reaffirmed UBS’s AA rating in March, and we maintained our strong performance in the S&P Global Corporate Sustainability Assessment.


UBS was also included in the S&P Global Sustainability Yearbook 2026, published in February. This year, more than 9,200 companies were assessed, with only 848 companies across 59 industries selected for inclusion based on top-tier sustainability performance.


Donor-advised fund launched in Australia


In February, UBS launched its donor-advised fund (DAF) in Australia, providing clients with a cost-effective and highly flexible way to support their chosen charities while avoiding the administrative and financial burden typically associated with giving. The fund operates as a dedicated giving account, offering many of the benefits of a charitable family foundation, with all governance and administrative responsibilities managed and funded by UBS. The donor-advised fund is just one example of the impactful solutions UBS provides to support philanthropic planning, execution and delivery to our clients across the globe.


Trends in Philanthropy 2026


In January, we published our annual Trends in Philanthropy review. The 2026 edition places a particular focus on family offices, with UBS philanthropy experts identifying three key trends shaping how family offices approach philanthropy and impact. These trends include closer alignment between wealth, impact and long-term value creation; deploying capital beyond traditional financial instruments; and more active engagement in public-private partnerships. The report explores how family offices are helping to shape the future of philanthropy and impact.




Selected financial information of the business divisions and Group Items








 






For the quarter ended 31.3.26








USD m






Global

Wealth

Management






Personal &




Corporate




Banking






Asset




Management






Investment




Bank






Non-core

and Legacy






Group

Items






Total








Total revenues as reported






7,106






2,601






772






4,054






(10)






(279)






14,243








of which: PPA effects and other integration items1






125






223






 






68






1






55






472








of which: items related to the Swisscard transactions2






 






128






 






 






 






 






128








Total revenues (underlying)






6,981






2,250






772






3,986






(11)






(334)






13,644








Credit loss expense / (release)






9






70






0






65






(74)






0






70








Operating expenses as reported






5,305






1,491






555






2,784






219






(21)






10,333








of which: integration-related expenses and PPA effects3






307






222






35






79






58






48






750








Operating expenses (underlying)






4,998






1,269






520






2,705






160






(69)






9,583








Operating profit / (loss) before tax as reported






1,792






1,040






217






1,205






(155)






(258)






3,841








Operating profit / (loss) before tax (underlying)






1,974






911






252






1,216






(97)






(265)






3,990








 








 






For the quarter ended 31.12.25








USD m






Global

Wealth

Management






Personal &




Corporate




Banking






Asset




Management






Investment




Bank






Non-core

and Legacy






Group

Items






Total








Total revenues as reported






6,695






2,286






800






2,946






(8)






(575)






12,145








of which: PPA effects and other integration items1






135






226






 






61






2






(404)4






20








of which: loss related to an investment in an associate






(20)






(54)






 






 






 






 






(74)








Total revenues (underlying)






6,580






2,114






800






2,885






(10)






(171)






12,199








Credit loss expense / (release)






32






101






1






34






(12)






3






159








Operating expenses as reported






5,373






1,621






588






2,272






459






(27)






10,286








of which: integration-related expenses and PPA effects3






384






285






57






124






233






34






1,117








Operating expenses (underlying)






4,989






1,336






531






2,148






226






(62)






9,169








Operating profit / (loss) before tax as reported






1,290






565






212






640






(455)






(552)






1,700








Operating profit / (loss) before tax (underlying)






1,558






678






268






703






(224)






(113)






2,871








 








 






For the quarter ended 31.3.25








USD m






Global

Wealth

Management






Personal &




Corporate




Banking






Asset




Management






Investment




Bank






Non-core

and Legacy






Group

Items






Total








Total revenues as reported






6,422






2,211






741






3,183






284






(284)






12,557








of which: PPA effects and other integration items1






165






241






 






138






 






30






574








of which: gain related to an investment in an associate






4






11






 






 






 






 






14








of which: items related to the Swisscard transactions5






 






64






 






 






 






 






64








Total revenues (underlying)






6,253






1,895






741






3,045






284






(314)






11,904








Credit loss expense / (release)






6






53






0






35






7






(1)






100








Operating expenses as reported






5,057






1,551






606






2,427






669






15






10,324








of which: integration-related expenses and PPA effects3






355






192






73






112






191






3






927








of which: items related to the Swisscard transactions6






 






180






 






 






 






 






180








Operating expenses (underlying)






4,702






1,179






533






2,314






477






12






9,218








Operating profit / (loss) before tax as reported






1,359






607






135






722






(391)






(299)






2,132








Operating profit / (loss) before tax (underlying)






1,545






663






208






696






(200)






(326)






2,586








1 Includes accretion of PPA adjustments on financial instruments and other PPA effects, as well as temporary and incremental items directly related to the integration. 2 Represents the gain on sale of UBS’s 50% interest in Swisscard AECS GmbH (Swisscard), which has been excluded from underlying revenues. Refer to the “Recent developments” section of the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors, for more information about the Swisscard transactions. 3 Includes temporary, incremental operating expenses directly related to the integration, as well as amortization of intangible assets resulting from the acquisition of the Credit Suisse Group. 4 Includes a USD 457m net loss from the repurchase of legacy Credit Suisse debt instruments, as the repurchase price exceeded the amortized-cost carrying value (the net loss reflects a loss of USD 885m before PPA adjustments, partly offset by a USD 427m gain from the release of PPA adjustments). 5 Represents the gain related to UBS’s share of the income recorded by Swisscard for the sale of the Credit Suisse card portfolios to UBS. 6 Represents the expense related to the payment to Swisscard for the sale of the Credit Suisse card portfolios to UBS.









Our key figures






 






 






 






 








 






 






As of or for the quarter ended








USD m, except where indicated






 






31.3.26






31.12.25






31.3.25








Group results






 






 






 






 








Total revenues






 






14,243






12,145






12,557








Credit loss expense / (release)






 






70






159






100








Operating expenses






 






10,333






10,286






10,324








Operating profit / (loss) before tax






 






3,841






1,700






2,132








Net profit / (loss) attributable to shareholders






 






3,040






1,199






1,692








Diluted earnings per share (USD)1






 






0.94






0.37






0.51








Profitability and growth2






 






 






 






 








Return on equity (%)3






 






13.3






5.3






7.9








Return on tangible equity (%)3






 






14.4






5.8






8.5








Underlying return on tangible equity (%)3,4






 






14.6






10.5






10.0








Return on common equity tier 1 capital (%)3






 






16.8






6.6






9.6








Underlying return on common equity tier 1 capital (%)3,4






 






17.0






11.9






11.3








Cost / income ratio (%)3






 






72.5






84.7






82.2








Underlying cost / income ratio (%)3,4






 






70.2






75.2






77.4








Effective tax rate (%)






 






20.5






29.1






20.2








Net profit growth (%)3






 






79.7






55.6






(3.6)








Resources2






 






 






 






 








Total assets






 






1,686,521






1,617,427






1,543,363








Equity attributable to shareholders






 






92,247






90,213






87,185








Common equity tier 1 capital5






 






73,313






71,262






69,152








Risk-weighted assets5






 






500,355






493,397






483,276








Common equity tier 1 capital ratio (%)5






 






14.7






14.4






14.3








Going concern capital ratio (%)5






 






19.4






18.5






18.2








Total loss-absorbing capacity ratio (%)5






 






39.5






38.0






38.7








Leverage ratio denominator5






 






1,653,460






1,622,438






1,561,583








Common equity tier 1 leverage ratio (%)5






 






4.4






4.4






4.4








Liquidity coverage ratio (%)6






 






177.8






182.6






181.0








Net stable funding ratio (%)






 






116.9






116.1






124.2








Other






 






 






 






 








Invested assets (USD bn)3,7






 






6,881






7,005






6,153








Internal and external personnel8






 






116,814






119,589






126,077








Internal personnel (full-time equivalents)






 






101,594






103,177






106,789








Market capitalization9






 






128,345






155,760






105,173








Total book value per share (USD)1






 






29.72






29.18






27.35








Tangible book value per share (USD)1






 






27.50






26.93






25.18








Credit-impaired lending assets as a percentage of total lending assets, gross (%)3






 






0.9






0.9






1.0








Cost of credit risk (bps)3






 






4






9






7








1 Refer to the “Share information and earnings per share” section of the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors, for more information. 2 Refer to the “Targets, capital guidance and ambitions” section of the UBS Group Annual Report 2025, available under “Annual reporting” at ubs.com/?investors, for more information about our performance targets. 3 Refer to “Alternative performance measures” in the appendix to the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors, for the relevant definition and calculation method. Each alternative performance measure (APM) that qualifies as a non-GAAP measure as defined by US Securities and Exchange Commission (SEC) regulations is designated as such in the table of APMs in the appendix to the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors. 4 Refer to the “Group performance” section of the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors, for more information about underlying results. 5 Based on the Swiss systemically relevant bank framework. Refer to the “Capital management” section of the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors, for more information. 6 The disclosed ratios represent quarterly averages for each of the quarters presented and have been calculated based on an average of 62 data points in the first quarter of 2026, 64 data points in the fourth quarter of 2025 and 62 data points in the first quarter of 2025. Refer to the “Liquidity and funding management” section of the UBS Group first quarter 2026 report, available under “Quarterly reporting” at ubs.com/investors, for more information. 7 Consists of invested assets for Global Wealth Management, Asset Management (including invested assets from associates) and Personal & Corporate Banking. Refer to “Note 30 Invested assets and net new money” in the “Consolidated financial statements” section of the UBS Group Annual Report 2025, available under “Annual reporting” at ubs.com/?investors, for more information. 8 Represents full-time equivalents for internal personnel and workforce count for external personnel. 9 The calculation of market capitalization reflects total shares issued multiplied by the share price at the end of the period.









Income statement






 






 






 






 






 






 






 








 






 






For the quarter ended






 






% change from








USD m






 






31.3.26






31.12.25






31.3.25






 






4Q25






1Q25








Net interest income






 






2,320






2,172






1,629






 






7






42








Other net income from financial instruments measured at fair value through profit or loss






 






3,949






3,163






3,937






 






25






0








Net fee and commission income






 






7,728






7,223






6,777






 






7






14








Other income






 






247






(412)






213






 






 






16








Total revenues






 






14,243






12,145






12,557






 






17






13








Credit loss expense / (release)






 






70






159






100






 






(56)






(30)








 






 






 






 






 






 






 






 








Personnel expenses






 






7,584






6,681






7,032






 






14






8








General and administrative expenses






 






2,011






2,740






2,431






 






(27)






(17)








Depreciation, amortization and impairment of non-financial assets






 






738






865






861






 






(15)






(14)








Operating expenses






 






10,333






10,286






10,324






 






0






0








Operating profit / (loss) before tax






 






3,841






1,700






2,132






 






126






80








Tax expense / (benefit)






 






786






495






430






 






59






83








Net profit / (loss)






 






3,054






1,205






1,702






 






153






79








Net profit / (loss) attributable to non-controlling interests






 






14






6






10






 






125






38








Net profit / (loss) attributable to shareholders






 






3,040






1,199






1,692






 






154






80








 






 






 






 






 






 






 






 








Comprehensive income






 






 






 






 






 






 






 








Total comprehensive income






 






3,177






1,270






3,345






 






150






(5)








Total comprehensive income attributable to non-controlling interests






 






26






(6)






26






 






 






(2)








Total comprehensive income attributable to shareholders






 






3,152






1,275






3,319






 






147






(5)







Information about results materials and the earnings call


UBS’s first quarter 2026 report, news release and slide presentation are available from 06:45 CEST on Wednesday, 29 April 2026, at ubs.com/quarterlyreporting.


UBS will hold a presentation of its first quarter 2026 results on Wednesday, 29 April 2026. The results will be presented by Sergio P. Ermotti (Group Chief Executive Officer), Todd Tuckner (Group Chief Financial Officer) and Sarah Mackey (Head of Investor Relations).


Time

09:00 CEST

08:00 BST

03:00 US EDT


Audio webcast

The presentation for analysts can be followed live on ubs.com/quarterlyreporting with a simultaneous slide show.


Webcast playback

An audio playback of the results presentation will be made available at ubs.com/investors later in the day.


Cautionary statement regarding forward-looking statements


This news release contains statements that constitute “forward-looking statements”, including but not limited to management’s outlook for UBS’s financial performance, statements relating to the anticipated effect of transactions and strategic initiatives on UBS’s business and future development and goals. While these forward-looking statements represent UBS’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS’s expectations. In particular, the global economy may suffer significant adverse effects from increasing political tensions between world powers, changes to international trade policies, including those related to tariffs and trade barriers, and evolving armed conflicts. UBS’s acquisition of the Credit Suisse Group materially changed its outlook and strategic direction and introduced new operational challenges. The integration of the Credit Suisse entities into the UBS structure is expected to continue through 2026 and presents significant operational and execution risk, including the risks that UBS may be unable to achieve the cost reductions and business benefits contemplated by the transaction, that it may incur higher costs to execute the integration of Credit Suisse and that the acquired business may have greater risks or liabilities, including those related to litigation, than expected. In response to the failure of Credit Suisse, Switzerland has amended its Capital Adequacy Ordinance and is considering changes to its Banking Act, which, if enacted as proposed, would substantially increase capital requirements for UBS in relation to its foreign subsidiaries. These factors create greater uncertainty about forward-looking statements. Other factors that may affect UBS’s performance and ability to achieve its plans, outlook and other objectives also include, but are not limited to: (i) the degree to which UBS is successful in the execution of its strategic plans, including its cost reduction and efficiency initiatives and its ability to manage its levels of risk-weighted assets (RWA) and leverage ratio denominator (LRD), liquidity coverage ratio and other financial resources, including changes in RWA assets and liabilities arising from higher market volatility and the size of the combined Group; (ii) the degree to which UBS is successful in implementing changes to its businesses to meet changing market, regulatory and other conditions, including any potential changes to banking examination and oversight practices and standards as a result of executive branch orders or staff interpretations of law in the US; (iii) inflation and interest rate volatility in major markets; (iv) developments in the macroeconomic climate and in the markets in which UBS operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, currency exchange rates, residential and commercial real estate markets, general economic conditions, and changes to national trade policies on the financial position or creditworthiness of UBS’s clients and counterparties, as well as on client sentiment and levels of activity; (v) changes in the availability of capital and funding, including any adverse changes in UBS’s credit spreads and credit ratings of UBS, as well as availability and cost of funding, including as affected by the marketability of additional tier one debt instruments, to meet requirements for debt eligible for total loss-absorbing capacity (TLAC); (vi) changes in and potential divergence between central bank policies or the implementation of financial legislation and regulation in Switzerland, the US, the UK, the EU and other financial centers that have imposed, or resulted in, or may do so in the future, more stringent or entity-specific capital, TLAC, leverage ratio, net stable funding ratio, liquidity and funding requirements, heightened operational resilience requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration, constraints on transfers of capital and liquidity and sharing of operational costs across the Group or other measures, and the effect these will or would have on UBS’s business activities; (vii) UBS’s ability to successfully implement resolvability and related regulatory requirements and the potential need to make further changes to the legal structure or booking model of UBS in response to legal and regulatory requirements including heightened requirements and expectations due to its acquisition of the Credit Suisse Group; (viii) UBS’s ability to maintain and improve its systems and controls for complying with sanctions in a timely manner and for the detection and prevention of money laundering to meet evolving regulatory requirements and expectations, in particular in the current geopolitical turmoil; (ix) the uncertainty arising from domestic stresses in certain major economies; (x) changes in UBS’s competitive position, including whether differences in regulatory capital and other requirements among the major financial centers adversely affect UBS’s ability to compete in certain lines of business; (xi) changes in the standards of conduct applicable to its businesses that may result from new regulations or new enforcement of existing standards, including measures to impose new and enhanced duties when interacting with customers and in the execution and handling of customer transactions; (xii) the liability to which UBS may be exposed, or possible constraints or sanctions that regulatory authorities might impose on UBS, due to litigation, including litigation it has inherited by virtue of the acquisition of the Credit Suisse Group, contractual claims and regulatory investigations, including the potential for disqualification from certain businesses, potentially large fines or monetary penalties, or the loss of licenses or privileges as a result of regulatory or other governmental sanctions, as well as the effect that litigation, regulatory and similar matters have on the operational risk component of its RWA; (xiii) UBS’s ability to retain and attract the employees necessary to generate revenues and to manage, support and control its businesses, which may be affected by competitive factors; (xiv) changes in accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (xv) UBS’s ability to implement new technologies and business methods, including digital services, artificial intelligence and other technologies, and ability to successfully compete with both existing and new financial service providers, some of which may not be regulated to the same extent; (xvi) limitations on the effectiveness of UBS’s internal processes for risk management, risk control, measurement and modeling, and of financial models generally; (xvii) the occurrence of operational failures, such as fraud, misconduct, unauthorized trading, financial crime, cyberattacks, data leakage and systems failures, the risk of which is increased with persistently high levels of cyberattack threats; (xviii) restrictions on the ability of UBS Group AG, UBS AG and regulated subsidiaries of UBS AG to make payments or distributions, including due to restrictions on the ability of its subsidiaries to make loans or distributions, directly or indirectly, or, in the case of financial difficulties, due to the exercise by the Swiss Financial Market Supervisory Authority (FINMA) or the regulators of UBS’s operations in other countries of their broad statutory powers in relation to protective measures, restructuring and liquidation proceedings; (xix) the degree to which changes in regulation, capital or legal structure, financial results or other factors may affect UBS’s ability to maintain its stated capital return objective; (xx) uncertainty over the scope of actions that may be required by UBS, governments and others for UBS to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and industry and the increasing divergence among regulatory regimes; (xxi) the ability of UBS to access capital markets; (xxii) the ability of UBS to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic, security breach, cyberattack, power loss, telecommunications failure or other natural or man-made event; and (xxiii) the effect that these or other factors or unanticipated events, including media reports and speculations, may have on its reputation and the additional consequences that this may have on its business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences. UBS’s business and financial performance could be affected by other factors identified in its past and future filings and reports, including those filed with the US Securities and Exchange Commission (the SEC). More detailed information about those factors is set forth in documents furnished by UBS and filings made by UBS with the SEC, including the UBS Group AG and UBS AG Annual Reports on Form 20-F for the year ended 31 December 2025. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.


Rounding


Numbers presented throughout this news release may not add up precisely to the totals provided in the tables, infographics and text. Percentages and percent changes disclosed in text and tables are calculated on the basis of unrounded figures. Absolute changes between reporting periods disclosed in the text, which can be derived from numbers presented in related tables, are calculated on a rounded basis.


Tables


Within tables, blank fields generally indicate non-applicability or that presentation of any content would not be meaningful, or that information is not available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis. Values that are zero on a rounded basis can be either negative or positive on an actual basis.


Websites


In this news release, any website addresses are provided solely for information and are not intended to be active links. UBS is not incorporating the contents of any such websites into this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428614015/en/
UBS Group AG and UBS AG


Investor contact

Switzerland: +41-44-234 41 00

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Media contact

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ubs.com


Original: UBS reports USD 3.0bn net profit and 16.8% RoCET1 in 1Q26 driven by strong client activity and flows; on track to complete integration by year-end (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

UBS statement on regulatory capital announcements made by the Swiss governmentApril 22, 2026 11:20 AM
Business Wire
Regulatory News:


Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation Listing Rules


Earlier today, the Swiss Federal Council published its final Capital Adequacy Ordinance (CAO) specifying the regulatory capital treatment of select assets for banks headquartered in Switzerland.


As well as publishing the final CAO, the Federal Council also submitted to parliament its final proposal for amendments to the Banking Act that governs the capital treatment of foreign participations of systemically important banks. This proposal will now be deliberated by parliament in the normal course of business.


UBS (NYSE:UBS) (SWX:UBSN) continues to strongly disagree with the proposed package, which is extreme, lacks international alignment and disregards concerns expressed by the majority of respondents to the government’s consultations. If adopted, the proposed measures would have far-reaching consequences for the Swiss economy.


The materials published by the Swiss government today contain assertions that we believe to be misleading. Considering UBS has just received this information, it is in the process of thoroughly evaluating all documents and statements made during the Federal Council’s press conference. UBS will provide additional comments at the latest with its results for the first quarter of 2026, which will be published on 29 April 2026.


Capital impact from the changes to the Capital Adequacy Ordinance


Under the new ordinance, UBS’s capitalized software will be subject to an amortization schedule of no more than three years for capital purposes, regardless of economic useful life. In addition, prudential valuation adjustments will be revised, resulting in higher capital deductions for assets and liabilities that are subject to valuation uncertainty. The treatment of deferred tax assets arising from temporary differences remains unchanged and aligned with international regulation.


Regarding Additional Tier 1 (AT1) capital instruments, the Federal Council has decided not to proceed with the proposed adjustments for the time being, as it considers it more appropriate to await the international developments that are currently under way in this area.


Based on today’s publication, the changes to prudential valuation adjustments will become effective on 1 January 2027, while the changes to the capital treatment of capitalized software must be implemented by 1 January 2029. The amendments announced today, once fully implemented, are expected to eliminate approximately USD 4bn of net CET1 capital at the Group (consolidated) level. This would reduce the CET1 capital ratio at UBS Group by around 0.8 percentage points. At UBS AG standalone, the net CET1 capital impact is estimated at approximately USD 2bn.


Estimated incremental capital from proposed changes to the regulatory treatment of foreign participations


Under the proposal relating to foreign participations that will now proceed through the parliamentary process, investments in foreign participations would be fully deducted from UBS AG’s standalone CET1 capital. The proposal provides that the amendments would be phased in over seven years, assuming no delays during the parliamentary deliberations, starting with a 65% deduction requirement in the first year and increasing to 100% by 5-percentage-point increments each year.


The full deduction of investments in foreign subsidiaries would require UBS AG to hold additional CET1 capital of around USD 20bn.


Estimated overall capital impact of Credit Suisse acquisition


When including the USD 2bn net CET1 impact from the amendments to the CAO, the total incremental CET1 capital of around USD 22bn required at UBS AG would result in a de facto minimum CET1 capital ratio at the UBS Group AG (consolidated) level of around 18.4%.


At Group level, including the derecognition of around USD 4bn of net CET1 capital from the CAO measures related to capitalized software and prudential valuation adjustments, the CET1 capital ratio would decrease the aforementioned 18.4% to around 17.6%. This would contribute to a further underrepresentation of UBS’s capital strength compared to its peers.


These estimates have been calculated based on our balance sheet at 31 December 2025, assuming that all capital measures are adopted as currently proposed and using an assumed CET1 capital ratio of 12.5% for UBS AG and 14.0% for UBS Group as a starting point, as previously disclosed.


The Federal Council’s stated pro-forma CET1 capital ratio for UBS of 15.5% and the accompanying peer comparison are misleading, requiring further clarification.


The incremental capital of USD 22bn mentioned above would be in addition to the previously communicated incremental capital of around USD 15bn that UBS must hold as a result of the acquisition of Credit Suisse to meet existing regulations. This includes around USD 9bn to remove the regulatory concessions granted to Credit Suisse and around USD 6bn to meet the current progressive requirements due to the increased size and higher market share of the combined business.


As a result, UBS would be required to hold around USD 37bn in additional CET1 capital in total, with an annual capital cost of around USD 3bn.


Impact assessment for the broader Swiss economy


The Federal Council’s mandatory regulatory impact assessment for the proposed banking regulation remains insufficient in both scope and methodology to serve as a sound basis for evaluating the potentially far-reaching consequences for the Swiss economy as a whole.


A recent study by independent Swiss economic research institute BAK Economics used its established macroeconomic model to quantify the significant and permanent effects of the proposed full deduction of foreign participations from CET1 capital. According to the study, the impact on borrowing costs and credit supply from this specific regulatory change could result in cumulative losses in Switzerland’s gross domestic product of up to CHF 34 billion over a ten-year period, alongside lasting declines in investment, employment, and tax revenues.


Targets and capital returns


As none of the regulatory changes are expected to become effective before 2027, UBS Group AG maintains its target of achieving an underlying return on CET1 capital of around 15% and an underlying cost/income ratio of

UBS Hires Financial Advisor Brad Gillin in New York CityApril 21, 2026 11:06 AM
Business Wire
UBS today announced that Brad Gillin will be joining the firm as a Financial Advisor. Following the conclusion of his notice period, Brad will join the UBS Manhattan Market, led by Market Executive Kellie Brady, and will be based in the firm’s 1285 Avenue of the Americas Private Wealth Management office. He will report to Senior Market Director Tom Conigatti.


“We are thrilled that Brad will be joining UBS,” said Kellie Brady, Manhattan Market Executive at UBS. “His experience advising highly sophisticated clients makes him a strong fit for our Manhattan market. Brad’s collaborative approach and understanding of complex wealth needs align well with UBS’s global capabilities and long-term commitment to our clients.”


“Brad brings a thoughtful, client-first approach and a strong track record advising families and professionals with complex needs,” said Tom Conigatti, UBS Market Director. “We look forward to welcoming him to UBS and supporting him as he delivers tailored strategies backed by the depth of UBS’s resources.”


Brad will join UBS from Deutsche Bank Wealth Management, where he most recently served as a Director in the firm’s New York City office. A next-generation advisor, he began his career at Deutsche Bank in 2006 as a Client Associate for one of the firm’s top advisors before transitioning into a private banking role and building his own practice over the past seven years.


At UBS, Brad will advise ultra-high net worth families and financial professionals, including private equity partners, on a range of services including asset allocation, investment portfolio construction, customized lending and liquidity strategies, and wealth transfer planning.


Brad will join the Baum Investment Group, a leading private wealth management team at UBS that manages portfolios for ultra-high net worth families, business owners, foundations and trusts. The team is led by Jamie Baum, Managing Director and Private Wealth Advisor, who joined UBS in 2010 from Deutsche Bank and has over three decades of industry experience.


Brad lives in Darien, Connecticut, and holds a bachelor’s degree from Lehigh University.


Notes to Editors


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


https://www.ubs.com


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421193839/en/
Media Contact:

Christina Aquilina

Christina.aquilina@ubs.com


Original: UBS Hires Financial Advisor Brad Gillin in New York City

UBS Advisor Peter B. Martin Named to Forbes Best-in-State Wealth AdvisorsApril 21, 2026 9:59 AM
Business Wire
UBS Wealth Management USA announced that Peter B. Martin, a Financial Advisor in the firm’s Paramus, NJ office, has been named to the 2026 Forbes Best-in-State Wealth Advisors list.


“We are extremely proud to see Peter recognized on this prestigious list," said Ryan Rozniakowski, Senior Market Director at UBS. "Peter has achieved an incredible level of success as a Financial Advisor through his dedication, focus, and commitment to his clients and community.”


Peter assists high-net-worth families and corporate clients with comprehensive financial planning, banking strategies, investment portfolio management, and insurance solutions. He has experience in trust and estate planning and delivers a broad array of business services to clients. Peter is a Chartered Retirement Plans Specialist™ (CRPS®) and holds the advanced Wealth Advisor and Portfolio Management Program designations. He is a graduate of The American University. Peter has been an active member of the Board of Directors of the Jewish Home Family in New Jersey for more than a decade and most recently served as Board Chair. Previously, he served as Treasurer, Finance Committee Chair, and Chair of the Jewish Home Family Assisted Living Board. This is Peter’s third recognition on the Forbes Best-in-State Wealth Advisors list.


Peter is proud to work as a part of the G2G Wealth Management Team at UBS. G2G Wealth Management (Generation to Generation) is a multi-generational wealth management team serving the needs of families today with an outlook toward tomorrow. With over four decades of experience, this caring and dedicated team has helped guide clients through numerous recessions and market corrections.


The advisors featured in the eighth annual Forbes SHOOK Best-In-State Wealth Advisors ranking collectively oversee $20.6 trillion in assets. The Forbes’ ranking, compiled by SHOOK Research, is based on both quantitative and qualitative factors, including interviews, and evaluates advisors nominated by their firms.


For the full 2026 Forbes Best-in-State Wealth Advisors list and further information please visit: https://www.forbes.com/lists/best-in-state-wealth-advisors/


Notes to Editors


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 7 trillion dollars of invested assets as per the fourth quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


https://www.ubs.com


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421692467/en/
Media Contact:

Christina Aquilina

Christina.aquilina@ubs.com


Original: UBS Advisor Peter B. Martin Named to Forbes Best-in-State Wealth Advisors

Nine UBS Financial Advisors in Southern California, Hawaii Named to Forbes Top Women Wealth Advisors Best-In-StateApril 13, 2026 12:54 PM
Business Wire
UBS’s Courtney Liddy in San Diego also recognized on Forbes America’s Top 100 Women Wealth Advisors nationwide


UBS Wealth Management US announced today that nine financial advisors based in the Southern California and Hawaii areas of the firm’s Pacific Desert Market have been named to the Forbes 2026 Top Women Wealth Advisors Best-In-State list.


One of the advisors, Courtney Liddy, has also been recognized by Forbes for the eighth year in a row as one of America’s Top 100 Women Wealth Advisors nationwide, in addition to being recognized for the fifth time on the Forbes Top Women Advisors Best-in-State list.


The UBS advisors named on the list are:



Lori Hamano, Honolulu, HI



Panfang “Pam” Fu, Newport Beach, CA



Lynne Sebastian, Newport Beach, CA



Candice Gleeson, Downtown San Diego, CA



Courtney Liddy, Downtown San Diego, CA



Christina Gustin, Downtown San Diego, CA



Liling Lee, Irvine, CA – UBS International



Sunny Kuo Neilon, Brea, CA – UBS International



Amy Mei, Brea, CA – UBS International



“We celebrate these financial advisors for their professionalism, commitment, and the deep relationships they build with their clients," said Justin Frame, Pacific Desert Market Executive at UBS. “These advisors take the time to listen, understand what matters most, and craft customized financial strategies that align with each client’s goals. We are thrilled by their accomplishments and honored to see them recognized.”


This marks the eighth year Courtney Liddy, Managing Director and Private Wealth Advisor in UBS’s downtown San Diego office, has been named to the Forbes America’s Top Women Wealth Advisors lists. She has been providing financial and wealth management services to high-net-worth clients for over two decades and has also previously been recognized by Barron’s on its Top 100 Women Advisors (2021, 2023).


The tenth annual ranking of Forbes | SHOOK America’s Top Women Wealth Advisors features 100 women with proven track records who manage cumulative assets of more than $400 billion.


The tenth annual ranking of Forbes | SHOOK Top Women Wealth Advisors Best-In-State highlights more than 2,800 women across the country with proven track records, collectively managing nearly $4 trillion in assets. Forbes’ rankings were compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank candidates nominated by their firms.


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions, and products. Headquartered in Zurich, Switzerland, the firm operates in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


© UBS 2025. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Although neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings, UBS may hire RJ Shook to be a speaker for events. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413485164/en/
Media Contact:

Hilary McCarthy

hilary@clearpointagency.com

774-364-1440

https://www.ubs.com


Original: Nine UBS Financial Advisors in Southern California, Hawaii Named to Forbes Top Women Wealth Advisors Best-In-State

Five UBS Financial Advisors in Arizona named to Forbes Top Women Wealth Advisors Best-In-StateApril 13, 2026 12:38 PM
Business Wire
UBS Wealth Management US announced today that five financial advisors based in Arizona, as part of the firm’s Pacific Desert Market, have been named to the Forbes 2026 Top Women Wealth Advisors Best-In-State list.


The UBS Arizona-based advisors named to the list are:



Susan Bailey, Scottsdale, AZ



Jennifer Loson Lucovich, Scottsdale, AZ



Jessica Wert, Phoenix, AZ



Katrina Hanks, Phoenix, AZ



Jennifer Pope, Phoenix, AZ



“This recognition underscores these financial advisors’ longstanding commitment to providing thoughtful, forward-looking counsel to help guide clients toward their financial life goals. We are delighted to congratulate them on this honor,” said Ryan Lurie, Market Director at UBS.


The tenth annual ranking of Forbes | SHOOK Top Women Wealth Advisors Best-In-State highlights more than 2,800 women across the country with proven track records, collectively managing nearly $4 trillion in assets.


Forbes’ rankings were compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank candidates nominated by their firms.


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions, and products. Headquartered in Zurich, Switzerland, the firm operates in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


© UBS 2026. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Although neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings, UBS may hire RJ Shook to be a speaker for events. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413136376/en/
Media Contact:

Hilary McCarthy

hilary@clearpointagency.com

774-364-1440

https://www.ubs.com


Original: Five UBS Financial Advisors in Arizona named to Forbes Top Women Wealth Advisors Best-In-State

UBS Declares Coupon Payments on 12 ETRACS Exchange Traded NotesApril 6, 2026 4:30 PM
Business Wire
MLPB: linked to the Alerian MLP Infrastructure Index


MLPR: linked to the Alerian MLP Index


BDCZ: linked to the MarketVector US Business Development Companies Liquid Index


BDCX: linked to the MarketVector US Business Development Companies Liquid Index


HDLB: linked to the Solactive US High Dividend Low Volatility Index


SMHB: linked to the Solactive US Small Cap High Dividend Index


PFFL: linked to the Solactive Preferred Stock ETF Index


CEFD: linked to the S-Network Composite Closed-End Fund Index


MVRL: linked to the MVIS US Mortgage REITs Index


GLDI: linked to the Nasdaq Gold FLOWS™ 103 Index


SLVO: linked to the Nasdaq Silver FLOWS™ 106 Index


USOI: linked to the Nasdaq WTI Crude Oil FLOWS™ 106 Index


UBS Investment Bank today announced coupon payments for 9 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”).




NYSE Ticker






ETN Name and Prospectus Supplementa






Coupon Valuation Date






Ex-Date






Record Date






Payment Date






Coupon Amount






Payment Schedule






Current Yield (annualized)








MLPBb






ETRACS Alerian MLP Infrastructure Index ETN Series B






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.4359






Quarterly






5.91%








MLPRb






ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$1.6645






Quarterly






9.24%








BDCZb






ETRACS MarketVector Business Development Companies Liquid Index ETN






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.4526






Quarterly






12.27%








BDCXb






ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$1.0311






Quarterly






20.88%








HDLBC






ETRACS Monthly Pay 2x Leveraged US High Dividend Low Volatility ETN Series B






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.1743






Monthly






10.17%








SMHBC






ETRACS Monthly Pay 2x Leveraged US Small Cap High Dividend ETN Series B






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.0716






Monthly






20.83%








PFFLC






ETRACS Monthly Pay 2x Leveraged Preferred Stock ETN






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.0407






Monthly






9.58%








CEFDC






ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.2588






Monthly






16.35%








MVRLC






ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN






3/30/2026






4/13/2026






4/13/2026






4/21/2026






$0.0959






Monthly






20.92%







a The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see “List of ETNs”.


b “Current Yield (annualized)” equals the current quarterly Coupon Amount, multiplied by four (to annualize such coupon), divided by the closing Current Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.


c “Current Yield (annualized)” equals the current monthly Coupon Amount and the two immediately preceding monthly Coupon Amounts, multiplied by four (to annualize such coupons), divided by the closing Current Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.


Note: HDLB, SMHB and PFFL pay a variable monthly coupon linked to 2 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. CEFD and MVRL pay a variable monthly coupon, and MLPR and BDCX pay a variable quarterly coupon, each linked to 1.5 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. Variations in the amount of monthly or quarterly distributions will lead to large variations in the Current Yield as calculated above. As such, the Current Yield is not indicative of future coupon payments, if any, on these ETNs.




NASDAQ Ticker






ETN Name and Pricing Supplementd






Closing Indicative Value on 3/31/2026






Ex-Date






Record Date






Payment Date






Expected Coupon Amount per ETNe






Payment Schedule






Expected Current Yieldf








GLDI






ETRACS Gold Shares Covered Call ETNs due February 2, 2033






$166.4682






4/22/2026






4/22/2026






4/27/2026






$3.6828






Monthly






25.87%g








SLVO






ETRACS Silver Shares Covered Call ETNs due April 21, 2033






$88.8856






4/22/2026






4/22/2026






4/27/2026






$4.8521






Monthly






75.31%g








USOI






ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037






$57.9502






4/22/2026






4/22/2026






4/27/2026






$7.4747






Monthly






66.84%g







d The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names.


e On March 16, 2026, the Nasdaq Gold FLOWSTM 103 Index, the Nasdaq Silver FLOWSTM 106 Index and the Nasdaq WTI Crude Oil FLOWSTM 106 Index (the “Indices”) concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively, with April 2026 expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on April 13, 2026, subject to adjustment in the event of any market disruption events. Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on April 13, 2026, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount. The Expected Coupon Amount is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.


f For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Expected Current Yield, which is based on an ETN’s Expected Coupon Amount and its two most recent coupon payments, is not indicative of future coupon payments, if any, on the ETNs. In particular, future coupon payments on an ETN may differ significantly from its Expected Current Yield, if its Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Expected Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero. Accordingly, the Expected Current Yield will change over time, and such change may be significant. Any payment on the ETNs is subject to UBS AG’s ability to pay its obligations as they become due. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.


g “Expected Current Yield” equals the sum of (i) the Expected Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such coupons), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.


Cautionary Statement Regarding Forward-Looking Statements


This press release contains statements that constitute “forward-looking statements” that are subject to risks and uncertainties, and actual results may differ materially. These statements could contain words such as “possible,” “intend,” “will,” “may,” “intends,” “would,” “if,” “expect,” “potentially” or other similar expressions. Forward-looking statements, including those relating to UBS AG’s plans for the ETNs, are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. While these forward-looking statements represent UBS’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors, including whether UBS AG will actually declare a Coupon Amount for the 3 ETNs traded on NASDAQ, could cause actual developments and results to differ materially from UBS’s expectations. For a discussion of the risks and uncertainties that may affect the ETNs please refer to the "Risk Factors" in the prospectus supplements and pricing supplement relating to the 3 ETNs traded on NASDAQ. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.


About ETRACS


ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on either NYSE Arca or Nasdaq, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement for the ETRACS ETN.


UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the relevant prospectus, along with the applicable prospectus supplement and pricing supplements to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS ETNs. The applicable offering document for each ETRACS ETN may be obtained by clicking on the name of each ETRACS ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement, by calling toll-free (+1-877-387-2275). The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.


About UBS


UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.9 trillion dollars of invested assets as per the third quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).


In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC (http://www.sipc.org/). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC.


This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information.


The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect.


Alerian MLP Index, Alerian MLP Infrastructure Index, Alerian Midstream Energy Dividend Index, AMZ, AMZI and AEDW are trademarks of Alerian and their use is granted under a license from Alerian.


The S-Network Composite Closed-End Fund Index is a service mark of S-Network Global Indexes, Inc. (“S-Network”) and its use is granted under a license from S-Network. S-Network does not guarantee the accuracy and/or completeness of the S-Network Composite Closed-End Fund Index or any data included therein, and S-Network shall have no liability for any errors, omissions, interruptions, or defects therein. S-Network makes no warranty, express or implied, representations or promises, as to results to be obtained by UBS AG, or any other person or entity from the use of the S-Network Composite Closed-End Fund Index or any data included therein. S-Network makes no express or implied warranties, representations or promises, regarding the originality, merchantability, suitability, non-infringement, or fitness for a particular purpose or use with respect to the S-Network Composite Closed-End Fund Index or any data included therein. Without limiting any of the foregoing, in no event shall S-Network have any liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including lost profits), even if notified of the possibility of such damages.


The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (“MVRL ETN”) is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the MVRL ETN or any member of the public regarding the advisability of investing in securities generally or in the MVRL ETN particularly or the ability of the Market Vectors® MVIS US Mortgage REITs Index to track the performance of the US mortgage REIT market.


The ETRACS MarketVector Business Development Companies Liquid Index ETN and the ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (“ETNs”) are not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the ETNs or any member of the public regarding the advisability of investing in securities generally or in the ETNs particularly or the ability of the MarketVector US Business Development Companies Liquid Index to track the performance of the US BDC market.


UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect.


© UBS 2026. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved.


__________________________

1 Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260406554209/en/
Media contact

Alison Keunen

+1-212-713-2296

alison.keunen@ubs.com


Institutional Investor contact1

+1-877-387-2275


Original: UBS Declares Coupon Payments on 12 ETRACS Exchange Traded Notes