UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. UBS is headquartered simultaneously in both Zürich and Basel. UBS maintains a strong foothold in all major financial centres as the largest private bank in the world and the largest Swiss banking institution with about US$6 trillion in assets. UBS manages the largest amount of private wealth in the world, counting approximately half of The World's Billionaires among its clients. Based on international deal flow and political influence, UBS is considered one of the "biggest, most powerful financial institutions in the world". UBS also maintains a global investment bank and is considered a primary market maker and one of the eight global Bulge Bracket banks. Because of the bank's large positions in the Americas, EMEA and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank. UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy. Wikipedia