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Origins of UBS: History and Formation The term “UBS” stands for Union Bank of Switzerland, a Swiss global financial services company with a rich history. Founded in 1862 as the Schweizerische Kreditanstalt (Swiss Credit Institution) in Basel, it changed its name to Union Bank of Switzerland in 1920 and later
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Early Life and Education Josef Ackermann, born on February 7, 1948, in Walenstadt, Canton of St. Gallen, Switzerland, embarked on a successful career in finance that spanned several decades. His education began at the University of St. Gallen, where he earned a Ph.D. in economics following his studies in economics
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